Renforth has recently announced an update to the historic Mineral Resource Estimate for Parbec, which has an effective date of December 2019.
The update, undertaken by SGS Canada, is anticipated to be delivered in Q1 2025 and will incorporate ~15,000m of drilling carried out by Renforth, indicated in red in the image below, and the data for ~13,000m of historic drilling indicated in blue Renforth has validated from the 1980’s and 1990’s for inclusion in the updated deposit model by twinning the holes and access to the geoscientists who did that work. In addition, the price of gold used in the 2019 MRE was $1450USD, as compared to the current price range for gold.
Below is a highlight table of assay intervals and drill lengths at Parbec. These are not true widths, the lengths are as measured in the core box. Drill results are presented with the project name/year drilled/drillhole number, the holes drilled in the 1980’s, 1990’s, 2020 and 2021 represent data which will be added to the Q1 2025 MRE
Top ten metal factor drill hole results from Renforth’s 2020/21 drilling at Parbec include the following. Again, the intervals given are as measured in the core box, not true width
