Parbec Gold Deposit and Surimeau Sulphide Nickel Drill Program Update
March 4 2021 CSE: RFR
For Immediate Release
Parbec Gold Deposit and Surimeau Sulphide Nickel Drill Program Update
Renforth Resources Inc. (CSE – RFR) (OTC US– RFHRF) (FSE-9RR) (“Renforth” or the “Company”) is
pleased to shareholders the following current operational update;
• Drilling at Parbec has exceeded 3500m in 13 drill holes, this program commenced Feb 5th, a
prodigious production level which reflects the professionalism and hard work our drilling and
geological contractors put in on a daily basis, drilling is ongoing.
• 7 of these holes successfully twinned historic 1980 and 1990 drill holes from the collar,
samples have been selected, split and sent to the lab. Geologically the new and historic holes
correlate, lab results are required for assay correlation.
• Surimeau drill program has been planned to consist of 15 holes in 3600m over a strike length
of 3kms of historic mineralization, confirmed by Renforth’s surface sampling to contain
sulphide nickel. More complete program details will follow.
• The drill permit application and field reconnaissance for drill access and chipping is underway.
• Assays for 22 holes completed in 2020 at Parbec, along with the current 13 drillholes are
outstanding. Renforth has received partial results for several of these holes. Upon receipt of
either an entire hole, or the constraint of a mineralized intersection, Renforth will release
results to shareholders in as timely a fashion as possible.
• Renforth will be participating in PDAC 2021 with a virtual booth, this booth will include
project information and recent interviews completed with several marketing groups, also
available on Renforth’s website under “Corporate Presentation/Appearances”
Renforth is offering the update above to shareholders as a result of concerns raised by shareholders
regarding trading in shares of Renforth, which seems to contradict our ongoing operations and the
current healthy financial and asset state of the Company, which include an open pit constrained gold
deposit adjacent to Canadian Malartic and the recent discovery of a sulphide nickel rich VMS on
surface at several locations within our Surimeau Nickel District property, along with our discovery of
copper and silver on surface on our Malartic West property.
“It is my PERSONAL OPNION that, generally speaking, junior mining companies listed in Canada suffer
from loopholes within our trading rules that allow trading practices detrimental to the market
capitalization of listed companies, without any underlying cause. These include the removal of our
down tick rule, allowing short sellers to force the price down and cause other selling, the ability of
short sellers to sell naked and avoid delivery or the requirement to borrow the shares, the ability of
sellers to spoof orders and again cause other selling and finally the existence of high frequency
trading programs and algorithms which trade to the detriment of retail shareholders. I encourage
concerned shareholders, like those who have reached out to me personally asking to be educated
Suite 269 – 1099 Kingston Road
Pickering ON L1V 1B5
www.renforthresources.com
about this situation, to visit resources like www.savecanadianmining.com, which is supported by
leaders in our industry, to learn more. You can also reach out to your MPP (in Ontario) and ask them
to support the recommendations of the Capital Markets Modernization Task Force to Ontario’s
Minister of Finance. As always, I encourage shareholders to do their own due diligence, on this matter
like any other. At Renforth I focus on growing our asset value with a track record to date, between
myself and our team, of discoveries and development, and the successful sale of an asset on the basis
of the asset’s value, not our market capitalization. I assure shareholders this is my focus and I am
personally invested in the success of my, and our team’s, efforts. It is my PERSONAL OPINION that
our assets are of a quality which allows them to stand independently, and ultimately we will be
successful in crystallizing their value” states Nicole Brewster, President and CEO of Renforth. “Again,
as always, I strongly suggest you do your own due diligence and formulate your own opinion about
Renforth, its assets and the action in the market. I am happy to discuss this, or any other, matter with
shareholders and remain accessible to shareholders.”
Technical disclosure in this press release has been reviewed and approved by Brian H. Newton P.Geo a
“qualified person” pursuant to the guidelines of NI 43-101.
For further information please contact:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
C:416-818-1393
#269 – 1099 Kingston Road, Pickering ON L1V 1B5
About Renforth
Renforth holds the Parbec open pit constrained gold deposit in Malartic Quebec, contiguous to the
Canadian Malartic mine, with 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000
inferred ounces of gold at a grade of 1.78 g/t Au. A 15,000m drill program is ongoi ng, this program is
planned to twin, infill and undercut existing drill holes at Parbec, the aim of this program is to rebuild
the geological model and increase the resource estimate upon restatement. In addition to this Renforth
has discovered a nickel bearing ultramafic, coincident with a copper/zinc VMS, over ~5km of strike in
the western end of the 20km central anomaly at Renforth’s wholly owned 215 km2 Surimeau property.
This prospect was discovered on surface and the subject of a very short, shallow drill program, a more
robust drill program is planned for Spring 2021. Renforth also holds the Malartic West property, the
site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on
surface over a strike length of ~500m. Renforth is well funded, with ~$6.3 million in cash and securities
on hand (*as at 03/03/21), in addition to the gold contained in our gold deposit.
No securities regulatory authority has approved or disapproved of the contents of this news release.
Forward Looking Statements
This news release contains forward -looking statements and information under applicable securities
laws. All statements, other than statements of historical fact, are forward looking. Forward -looking
statements are frequentl y identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’,
‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such
statements and information are based on the current opinions and expectations of man agement. All
forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and
uncertainties, including the speculative nature of mineral exploration and development, fluctuating
commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability
of financing, as described in more detail in the Company’s securities filings available at www.sedar.com.
Actual events or results may differ materially from those projected in the forward-looking statements
and the reader is cautioned against placing undue reliance thereon. Forward -looking information
speaks only as of the date on which it is provided and the Company assumes no obligation to revise or
update these forward-looking statements except as required by applicable law.