Renforth Resources is a mineral exploration company that focusses on easily accessible Canadian-based gold projects.
It holds Parbec, an open pit gold deposit, and Surimeau, a district scale battery metals discovery, both located near Malartic, Quebec, along with several other mineralized properties.
The positive results and high-grade gold intervals that have been reported recently at Parbec build the speculative potential value for a transaction to vend the property.
The ongoing stream of exploration results from the Surimeau and Parbec properties is contributing a powerful one-two punch combination for Renforth.
Barely a third of the way into the year, the Company has completed two ambitious drilling programs.
The backlog of samples awaiting assay required utilizing the services of a second laboratory facility.
As these assay results are reported, each of these properties is gaining speculative value.
Surimeau has already evolved from the concept stage to where it is now positioned as a confirmed battery metals discovery.
The structural targets further along strike may yet reveal a very large deposit area.
Victoria West presents a high magnitude discovery that will attract a lot of interest as work continues.
We reiterate our buy recommendation for Renforth Resources with a price target of $0.23, which is 170% above today’s stock price.