Renforth Resources Inc ( CSE:RFR , OTCQB:RFHRF ) reported gold intercepts of up to 15.68 grams per tonne from two undercut drillholes at its wholly owned Parbec deposit in Malartic, Quebec, both within the open pit footprint of the company's April 2025 mineral resource estimate.
Each hole intersected gold above the cut-off grade used in the 2025 estimate.
Hole PAR-26-149 returned 15.68 g/t gold over 0.85 metres from 262.85 metres, the highest single-sample result in the program. It also cut 1.36 g/t over 11 metres from 223 metres, including 2.05 g/t over 6.5 metres.
Hole PAR-26-150 returned 9.41 g/t over 4.05 metres from 130.75 metres, the highest grade-thickness result in the program at 38.1 g/t gold x metres. It also intersected 1.45 g/t over 11.6 metres from 203.7 metres, including 2.4 g/t over 5.3 metres. All intervals sit within the open pit shell.
The drilling was designed to test beneath the surface gold results from the company's stripping and channel cutting program. Both holes encountered mineralized envelopes and multiple gold occurrences, in areas of the 2025 deposit model not previously tested by drilling.
"We are very pleased with these drill results at Parbec," said Nicole Brewster, CEO of Renforth. "These drill intersections, which include both high and low grades and long widths, have intersected gold in parts of the deposit not previously tested by drilling."
Renforth will now begin an internal update to the resource estimate. The update will use a gold price closer to the current price, rather than the US$2,100 per ounce used in 2025, and will incorporate historic surface channels not previously modelled, along with the 2026 trench and drillhole results.
The lab flagged two samples as uneven during testing, which points to the patchy, coarse gold distribution, known as the nugget effect, already known to exist at Parbec.
"We are now planning our next steps at both our Parbec gold deposit and our Victoria polymetallic deposit," Brewster added.
Parbec is contiguous to Agnico Eagle's Canadian Malartic Mine.
