A new resource estimate for Renforth Resources’ (CSE: RFR) Parbec gold project in western Quebec raises the deposit’s size by about one-third, the company says.
Measured and indicated resources in the open pit now total 9.61 million tonnes grading 0.86 grams per tonne gold, Renforth said Monday in a statement. Gold ounces now stand at 265,800, Renforth said.
The new estimate demonstrates “not only Parbec’s growth but also growing maturity as a reliable gold deposit with a fantastic location and logistical advantage,” Renforth CEO Nicole Brewster said in the statement.“
With this growth Parbec also presents us with new drill targets within the deposit to target gaps within the drill spacing and increase the confidence in the remaining inferred ounces, with more drilling.”
Open-pit and underground-hosted inferred resources at Parbec now total 2.55 million tonnes grading 1.18 grams gold for 97,000 contained ounces.
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