Northwire Canada EditionFriday, November 13, 2026
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Drill Results

Renforth Issues Update

By The Northwire Desk — AI Analysis Jan 05, 2026 · 08:00 RFR · 0.02 Renforth Resources Inc.
RFR · Price

Executive Summary

  • Renforth Resources completed a flow‑through financing of $200,000 at $0.02 per share to fund drilling on the Victoria polymetallic deposit.
  • The company is awaiting platinum and palladium assay results from 99 core samples and has permitted ~1,000 m of drilling slated to start in February 2026.
  • Recent drill hole intersections include notable copper and nickel grades (e.g., 0.55% Cu over 10.5 m; 0.46% Ni over 12 m) that could extend mineralization beyond current models.

Key Details

  • Financing: $200,000 raised via flow‑through share sale at $0.02 per share; additional closing expected on or before Jan 16 2026. Proceeds earmarked for Victoria deposit drilling.
  • Assay Program: 99 core samples submitted for Pt and Pd analysis; results anticipated within the month. Prior testing of 16 samples confirmed presence of Pt/Pd in the ultramafic package.
  • Drilling Permit: Approximately 1,000 m of drilling permitted on Victoria deposit; field work targeted to commence February 2026.
  • Recent Drill Intersections:
  • Hole SUR‑21‑04: 0.55% Cu over 10.5 m (182.7–193.2 m) and a higher‑grade interval of 0.95% Cu over 0.55 m.
  • Hole SUR‑21‑28: 0.46% Ni over 12 m (187.5–202.5 m) with a 3.46% Ni over 1.5 m interval; hole length 234 m, terminating at ~210 m depth.
  • Planned Drilling: A deeper undercut of SUR‑21‑04 will target extension of mineralization beyond current modeled domains.
  • Annual General Meeting: Held on Dec 15 2025; all matters before the meeting were approved.
  • Qualified Person: Francis Newton, P.Geo (OGQ), reviewed and approved the geological information per NI 43‑101 standards.

Notable Quotes

“The flow‑through financing will enable us to advance drilling on Victoria, a key component of our polymetallic strategy, while we await critical Pt/Pd assay results that could enhance the upcoming resource estimate.” – Nicole Brewster, President & CEO

Materiality Assessment: Non‑Material – Positive (operational financing and drill updates are material to project advancement but not likely to have a significant immediate impact on overall company valuation).

Read the original news release →

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Drill Results