Renforth Resources (CSE:RFR) will incorporate results from two new drill holes into an internal update of the mineral resource estimate (MRE) for its Parbec Gold Deposit in Québec, Canada.
Hole PAR-26-149 returned 0.85m @ 15.68 grams per tonne gold (Au) from 262.85m, the highest-grade single sample from the program. It also intersected 11m @ 1.36g/t Au from 223m, including 6.5m @ 2.05g/t Au.
PAR-26-150 returned 4.05m @ 9.41g/t Au from 130.75m and 11.6m @ 1.45g/t Au from 203.7m, including 5.3m @ 2.40g/t Au.
The holes undercut mineralisation exposed during surface stripping and tested areas of the 2025 resource model without previous drilling. Each returned gold above the 0.27g/t Au cut-off used for the MRE. Reported intervals are downhole lengths, with true widths unknown.
President and CEO Nicole Brewster says the update will use a gold price closer to current levels than the US$2,100 ($3,003.16) per ounce assumed in the 2025 MRE.
Historical surface channels and results from the company’s 2026 trenching and drilling programs will also be included.
“I believe the collective impact of these three inputs will be positive, but we await that result,” Brewster says.
Renforth says it will report the outcome of the internal assessment when available.
The laboratory flagged two samples as heterogeneous, reflecting uneven or coarse gold distribution associated with the known nugget effect at Parbec.
The current estimate contains 265,800 ounces of gold in the measured and indicated categories and 97,000 ounces inferred.
The drilling follows further surface channel results from within the pit footprint, previously reported by Mining.com.au.
Renforth Resources is a Canadian explorer advancing Parbec beside Agnico Eagle Mines’ (TSX:AEM) Canadian Malartic complex and the Victoria polymetallic deposit in Québec.
Write to France Pinzon at Mining.com.au
Main image: Renforth Resources
