Renforth Resources (RFR.CN; RFHRF.OTC) is on the trail of a new gold deposit located on the Abitibi Greenstone Belt’s prolific Cadillac Break in Quebec. Recent results include 21.45 meters grading 5.57 grams/tonne.

The Parbec project lies hard against Canada’s largest gold mine and has a resource of its own that is set to grow — with more results on the way from another 31 drill holes.

Renforth is also awaiting drilling results from 15 maiden holes at Surimeau, a district-scale nickel/VMS/battery metals target.

It’s a level of news flow that sets the company up for a significant re-rating and makes it a premier lever to gold.

Dear Fellow Investor,

Much of the mining in Quebec has taken place along the Abitibi Greenstone Belt, one of the largest Archean greenstone belts on Earth.

Over 100 mines along the belt have produced nickel, copper, zinc, diamonds and gold over the last 100 years. The belt runs about 400 miles east-west, from the Timmins camp in Ontario through to Chibougamau in Quebec, and fully 90 miles north-south.

At the heart of the Abitibi lies Quebec’s Cadillac Break — a regional fault zone that has been the source of much of the gold that has been discovered and produced from the trend.

Renforth Resources (RFR.CN; RFHRF.OTC) owns not one, but three projects along the Cadillac Break: the Parbec gold project, the Surimeau nickel/VMS/battery metal target, and the Malartic West copper property.

Now, results are due any day on recent drilling completed on two of these high-potential properties.

For an 8-cent stock, this could mean big business and big profits. And considering that the share price is already beginning to perk up, it’s obvious that more and more investors are discovering this opportunity.

Drill Results At Any Moment

Parbec lies along the Cadillac Break between Canadian Malartic and the Amphi North project area, a project that has lain dormant since 2005 and is controlled by Agnico-Eagle.

Renforth recently completed an extensive, 15,500-meter drilling program at Parbec, which shows signs of being a significant discovery right next to this world-class mine.

Here’s the key: The last 31 holes are still in for assay and have not been reported.

The prospectivity of the area is certainly not in question.

Consider that the Canadian Malartic mine, a 50-50 joint venture between Agnico-Eagle Mines and Yamana Gold, produced 568,000 ounces of gold last year. That was the Covid year. For this year, production guidance is between 680,000 to 720,000 ounces of gold.

Yes, this is elephant country.

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Resource Update Could Draw Takeout Interest

Even before this year’s drilling campaign, Parbec had a 282,000-ounce (37% indicated, 63% inferred) gold resource grading 1.77 g/t. That grade is +50% richer than Malartic.

Now, highlights from the recent drilling that have been announced include:

• 21.45 meters at 5.57 g/t gold starting from 254.8 meters depth

• 49.6 meters of 1.46 g/t from 108.9 meters depth

Following the release of these holes, Renforth is targeting generating a resource estimate for Parbec within 2 months.

Agnico-Eagle and Yamana are fully aware of the richer grades of gold developing directly across the fence and could use the higher-grade mineralization. The three companies are in close touch about possible synergies.

This is, after all, the Cadillac Break. Several miners have an eye on the richer gold ounces at Parbec.

PLUS:
A Compelling Battery Metals Prospect

Renforth controls other properties along the Cadillac Break, and along the greater Abitibi Greenstone Belt.

The most advanced of these is the district-scale Surimeau nickel/VMS/battery metals discovery, also next door to Malartic.

Here, a maiden 3,450-meter, 15-hole campaign was just completed. Drilling results from both campaigns will provide news flow for some time to come.

In fact, the visual core from Surimeau is already exciting for management and their consultants. Sulphides are visible in the core, and the company has reported visible nickel, copper and zinc sulphides in all 15 holes.

It also confirmed that the sulphides are coincident with the magnetic and electromagnetic signatures that can indicate sulphide mineralization. This signature extends east-west for 20 kilometers (district-scale scope, indeed).

Only the central 2.2 kilometers have been drilled thus far. While this visual evidence is preliminary, it is highly encouraging.

Fully Funded — With News Flowing

It always helps when you don’t have to constantly tap the equity markets for more capital, and Renforth is fully funded right now.

The company has C$4 million in cash and liquid securities, which includes 12 million shares of Radisson Mining Resources (RDS.V). Management says it has no interest in raising money for the next few years.

And with potential share price catalysts straight ahead for this “cheapie with a chance,” the time to jump on board the Renforth train is now.

Upcoming news flow includes:

• Drill results every 2-3 weeks from Parbec

• Drill results every 2-3 weeks from Surimeau.

• An updated resource estimate in July, given timely assay results, which could well bring interest from several miners nearby, including Agnico-Eagle and Yamana

For all this potential, Renforth boasts a tantalizingly low share price that’s just recently started to break through its ceiling.

Combine that fact with a gold price that appears to have bottomed and seems headed higher, the timing looks perfect to look at Renforth Resources in advance of those upcoming catalysts.

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To Learn More about Renforth Resources