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Renforth Resources Files 43-101 Report Delivering a 29% Increase to the Parbec Gold Deposit Resource Estimate, 73% of the 2025 MRE ounces are Measured and Indicated within a Whittle Pit
PICKERING, Ontario – TheNewswire - May 22, 2025 -- Renforth Resources Inc. (CSE: RFR) (OTC: RFHRF) (FSE: 9RR) (“Renforth” or the “Company”), would like to infor
About this update from Renforth Resources Inc
[{"type":"text","content":"PICKERING, Ontario – TheNewswire - May 22, 2025 -- Renforth Resources Inc. (CSE: RFR) (OTC: RFHRF) (FSE: 9RR) (“Renforth” or the “Company”), would like to inform shareholders that the report titled \"Technical Report on the Mineral Resource Estimate Update for the Parbec Gold Deposit, Abitibi-Témiscamingue Region, Québec, Canada\" authored by Yann Camus P.Eng of SGS Canada - Geological Services has been filed under Renforth's profile on SEDAR. This report delivers the 2025 Mineral Resource Estimate (MRE) Update for the Parbec Gold deposit, which reflects a 29% increase to the overall gold ounces within the deposit. April 2025 Parbec Gold Deposit MRE (1) Mineral Resources are reported at a cut-off grade of 0.27 g/t Au for the open-pit mining scenario and 1.40 g/t Au for the underground mining scenario (2) The cut-off grades were determined at a gold price of 2,100 US$ per ounce. (3) The mineral resources were estimated in compliance with Canadian Institute of Mining, Metallurgy and Petroleum standards. These mineral resources were reported in accordance with the NI 43-101 standards. (4) Mineral resources do not constitute mineral reserves because they have not demonstrated economic viability. (5) Inferred resources are exclusive of measured and indicated resources. (6) The effective date of these mineral resources is April 4, 2025. (7) Assumptions used are a mining recovery of 95%, a mining dilution of 5%, processing recovery of 95%, processing cost of 12.75 US$/t, general and administration of 1.50 US$/t, open-pit mining cost of 2.5 US$/t for ore, 2 US$/t for waste and underground mining cost of 66 US$/t. (8) All resources are presented in-situ and undiluted. (9) All $ values are in US$ unless specifically noted. (10) All figures are rounded to reflect the relative accuracy of the estimate. Numbers may not add due to rounding. \"We are very happy to deliver this significant size increase to our open pit gold deposit next door to Agnico Eagle's Canadian Malartic mine. In addition to the increase, it is important to acknowledge the category of those ounces, 12% of the new MRE is in the Measured category and 61% is in the Indicated category, 73% of the deposit is contained within the resource categories that deliver the most confidence, demonstrating not only Parbec's growth, but also growing maturity, as a reliable gold depo...