Renforth to resume Parbec chipping, overburden removal

Executive Summary

• Renforth Resources Inc. has commenced surface stripping and channel assay work at its wholly owned Parbec gold deposit, specifically targeting a 12.2-meter surface channel grading 1.43 g/t Au.
• The company is simultaneously raising up to $500,000 through a flow-through unit offering priced at $0.02 per unit, with specific warrant terms attached to both flow-through and common share units.
• Exploration activities include overburden removal, prospecting, mapping, and sampling to define surface extensions of gold mineralization and investigate structural features related to the Cadillac Break.

Key Details

• Exploration Activity: Commenced stripping (chipping and overburden removal) on Saturday, Oct. 18, 2025.
• Target Area: Work targets the 12.2-meter channel grading 1.43 grams per tonne gold (g/t Au) on surface, as identified in the May 2025 mineral resource estimate.
• Geological Focus: Stripping extends across and perpendicular to the diorite splay, interpreted as a possible hinge fold in Pontiac sediments that may have served as a conduit for mineralized fluids.
• Additional Work: Newly exposed surfaces will be prospected, mapped, and sampled. Investigation continues into mineralized structures oriented perpendicular to the Cadillac Break.
• Financing Structure:
  • Maximum Raise: $500,000.
  • Unit Price: $0.02 per unit.
  • Flow-Through Units: Consist of one flow-through share and half of one warrant.
  • Common Share Units: Consist of one common share and one full warrant.
  • Warrant Terms: Each whole warrant (from either unit type) is exercisable for 24 months into a common share at an exercise price of $0.05.
• Deposit Context: Parbec sits on ~1.7 km of strike of the Cadillac Break. Mineralization is open on strike in both directions and at depth, with the pit not extending below 300 m. Precision surveying is required to bring the deposit model to surface.
• Technical Review: Approved by Francis Newton, PGeo, OGQ, Renforth's consulting senior field geologist.

Notable Quotes

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