Renforth Resources Hits Gold in Parbec Undercut Drilling and Plans Resource Update
Renforth Resources Inc. (CSE:RFR) has reported gold grades above its 2025 mineral resource estimate cut-off threshold in two undercut drill holes at its Parbec property. The drilling targeted areas within the existing Parbec pit shell, confirming that mineralization continues beneath previous surface trenching results.
The discovery of gold exceeding economic cutoff grades inside the pit shell supports potential mine economics and resource continuity. Despite the operational update, shares of Renforth Resources Inc. fell 20.00% to 0.02 CAD.
Looking ahead, the company plans to complete an internal mineral resource estimate update. This update will incorporate gold prices above $2,100 per ounce alongside new 2026 trenching, drilling, and channel sampling data.
Key points
- Renforth Resources Inc. intersected gold above the 2025 mineral resource estimate cut-off in two undercut drill holes at Parbec.
- The drill hits occurred inside the existing 2025 pit shell, confirming continuity below surface results.
- The company is planning an internal update to its mineral resource estimate using a gold price assumption above $2,100 per ounce.
- The new resource estimate will incorporate 2026 trenching, drilling, and channel sampling data as well as historic records.
- Shares of Renforth Resources Inc. fell 20.00% to 0.02 CAD following the announcement.
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How we writeDisclaimerQuestions and answers
What did Renforth Resources discover at the Parbec project?
Renforth Resources intersected gold above its 2025 mineral resource estimate cut-off grade in two undercut drill holes within the Parbec pit shell, confirming mineralization continuity under surface trenching.
What gold price will Renforth Resources use for its updated resource model?
The company plans an internal mineral resource estimate update that will use a gold price assumption greater than $2,100 per ounce, along with new 2026 trench and drill data.
How did Renforth Resources stock react to the news?
Renforth Resources Inc. shares fell 20.00% to trade at 0.02 CAD.