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Renforth Resources ( (TSE:RFR) ) has provided an announcement.
Renforth Resources Inc. has commenced an update to the NI43-101 Mineral Resource Estimate for its Parbec gold deposit, incorporating new drill data to improve its deposit model. This update aims to enhance the company’s efforts to generate cash flow from the gold resource, which could be used to further develop their nearby large-scale nickel sulphide polymetallic system. The company is also exploring the potential of using advanced ‘surgical drilling’ technology to minimize environmental impact. Additionally, Renforth is testing TOMRA’s sorting technology to optimize processing by removing waste rock, which could lower costs and improve ore grade. The company has also discovered mineralized ultramafic material at the Victoria nickel sulfide polymetallic structure, potentially expanding the amount of mineralized material and raising questions about the relationship with the nearby Lalonde structure.
More about Renforth Resources
Renforth Resources Inc. is an active mineral exploration company focused on the development of gold deposits and exploration of multi-commodity nickel sulphide projects in Malartic, Quebec.
YTD Price Performance: -50.0%
Average Trading Volume: 149,930
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$3.63M
See more data about RFR stock on TipRanks’ Stock Analysis page.
