Renforth has completed 50% of its current drill program at the Parbec gold deposit in Quebec. The drilling is designed to undercut surface gold intersections identified within the open-pit footprint. The company has visually observed the target lithologies in drill core and will release assay results once sampling and analysis are complete.

Separately, Renforth has finalised a $186,000 financing. The capital was raised through the issuance of approximately 4.8 million flow-through shares at $0.03 per share and 1.4 million common share units. Each unit comprises one common share and one-half of a warrant, with full warrants exercisable at $0.06 for 18 months.

The company is also preparing to report results from channels CHNL-PAR-26-59 and CHNL-PAR-26-60 as they become available.

Read the full announcement: Renforth Resources Updates Parbec Gold Deposit Drill Program, Financing