Renforth Resources Inc (CSE:RFR, OTCQB:RFHRF) said it has successfully completed the final twin hole, with multiple mineralized intervals at its Parbec project in Quebec.
The company said in a statement that one of the intervals included 11.75 metres (m) assaying 3.3 grams per ton (g/t) gold, which also included 1.75m at 15.53 g/t gold.
Renforth’s drill program was planned to twin, infill and undercut historic drill holes at Parbec, to support a rebuild of the geological model and a resource estimate restatement.
READ: Renforth Resources discovers more high-grade gold at its Parbec deposit in Quebec; provides Surimeau project update
PAR-21-132 was the final planned twin hole to report on, Renforth told investors, but the company still has numerous Parbec assays from its 2020/21, 15,569m drill program to report.
According to Renforth, the current program successfully twinned 10% on the holes drilled on the property between 1986 and 1993. Each twin hole delivered assay results either comparable to, or greater than, the historic ones, the company added.
Renforth said it believes that the historic holes can be relied upon for lithological information as well as assay values.
Surimeau update
Separately, the company told shareholders that it is receiving assay data from a 3,456m drill program at the Victoria West target on its Surimeau project, also in Quebec.
“With the assay data received to date, our technical team can see that the nickel versus the zinc (and copper) systems are remarkably separate structures juxtaposed upon each other,” the company said in a statement. “This observation supports the choice of our technical working model, the ‘Outokumpu’ deposit model.”
Renforth said that the property could host a Outokumpu-type deposit, which would be very unique outside of Finland.
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