Announcement • 23h
Renforth Resources Inc. Updates Victoria Polymetallic Drill Program and Parbec Gold Deposit Renforth Resources Inc. has updated shareholders on its ongoing drill program on its wholly owned Victoria Ni/Cu/Co Open Pit Polymetallic deposit. The program has successfully completed two drillholes in the first undercut area, with visual mineralization encountered in both holes. Renforth has completed two undercut drillholes which both intersected visual mineralization, drilled at 45 and 65 degrees, below prior positive results, as noted in the highlight table previously press released November 10, 2021, including 74.55m of 0.14% Ni and 95.43ppm Co, which includes 10.5 of 0.52% Cu. The two completed undercut drillholes in this area are shown above relative to the 2021 drillholes and MRE modelling. Both of SUR-26-58 and SUR-26-59 ended in the mineralized ultramafic, which typically returns low grade mineralization numbers but which, it is important to note, Renforth has proven is amenable to sorting and conventional processing. Mineralization intersected in these two holes, noted visually, includes chalcopyrite (Cu), sphalerite (Zn), pyrrhotite and pyrite, occurring within mineralized graphitic mudstone, ultramafics, calc-silicate contact zone and albite shears. Samples are being selected, split, bagged and tagged in the field by our QP for delivery to the lab, the results will be reported when available. The drill has moved and is now drilling an undercut in the second undercut area discussed in the last press release. Renforth is undertaking a small fundraising, expected to appeal to existing shareholders, via the placement of critical minerals flow through shares at $0.03 per share, or common share units. Each unit is comprised of one common share and one half of one warrant; a full warrant can be exercised for a period of 18 months to purchase a common share at a price of $0.06 per share. It is anticipated this placement will close by month end. Announcement • Jul 10
Renforth Resources Commences Drill Program on Victoria Ni Cu Co Polymetallic Open Pit Deposit in Quebec Renforth Resources Inc. commenced a drill program on its wholly owned Victoria Ni Cu Co Open Pit Polymetallic deposit on the Malartic Metals Package Property located between Cadillac and Malartic Quebec, contiguous to the Canadian Malartic Mine Complex property and approximately 19km south of the LaRonde VMS Mine, both held by Agnico Eagle Mines Limited. This program is the first drilling to build upon the September 2025 Victoria MRE, designed to undercut two areas of significant mineralization encountered in prior drilling. Undercut SUR-21-05 and SUR-21-04, the latter assayed 74.55m of 0.14% Ni and 95.43ppm Co from 126.45 to 201m down the hole, including 10.5m of 0.55% Cu from 182.7 to 193.2m down the hole. Undercut SUR-21-26, SUR-21-27 and SUR-21-28, the latter assayed 170.55m of 0.16% Ni and 100.2 ppm Co from 40.9 to 211.45m down the hole, culminating in a highlight interval of 1.5m of 3.46% Ni and 491ppm Co from 196.5 to 198m down the hole. The initial testing to prove the ability to sort the mineralized material from Victoria referenced above is discussed in the press release “Renforth Resources Inc. Reports Success on Initial Sorting Test of Victoria Polymetallic Mineralization” issued October 1, 2024. The initial testing demonstrating that conventional processing can be implemented at Victoria, as referenced above, is discussed in the press release titled “Renforth Resources Inc. Receives Positive Initial QEMSCAN Characterization and Liberation Analysis Results at Victoria Sulphide Nickel Polymetallic in Quebec” released March 27, 2025. Both are addressed in the Victoria MRE report “Technical Report and mineral Resources Estimate of the Victoria Nickel Polymetallic Sulphide Deposit, Malartic Metals Package Property, Malartic, Quebec” effective September 26, 2025, and filed under the Company’s profile on SEDAR. Renforth will update shareholders as required during, and on completion of, the drill program at Victoria. Assay results highlighted above, taken from prior press releases, were the result of testing of drill core selected in the field from logged drill core, bagged, tagged, and sealed and delivered to initially AGAT Laboratories in Val D’Or where they were processed for Sodium Peroxide Fusion – ICP-OES ICP-MS Finish Multi Element Analysis under the supervision of Francis R. Newton P. Geo OGQ. At the date of the initial report of these results no testing had been done for platinum group elements, Renforth completed that testing after this work and the calculation of the Victoria MRE.