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Renforth Expands Gold Resource to 363,000 oz — Next Door to a Major Producer in Quebec’s Abitibi Belt

Posted by Brittany McNabb at 3:59 PM on Monday, July 7th, 2025

Positioned for Growth in Quebec’s Prolific Abitibi Region

Renforth Resources Inc. (CSE: RFR | OTCQB: RFHRF | FSE: 9RR) is quietly building momentum in one of the most respected mining jurisdictions in the world. With 100% ownership of the Parbec Gold Deposit, located just four kilometers from Agnico Eagle’s Canadian Malartic Mine — one of Canada’s largest gold producers — Renforth is strategically positioned to capitalize on growing interest in near-surface, development-ready gold projects.

The company’s updated resource estimate at Parbec now totals 363,000 ounces of gold, reflecting a 29% increase from the previous estimate. This expansion, supported by detailed geological modeling and road-accessible infrastructure, marks a meaningful step in the company’s disciplined growth strategy.

A Gold Project with Real-World Advantages

What makes Parbec stand out is not just its growing resource base but also its practical advantages. The deposit is near-surface, meaning it is potentially accessible through open-pit mining, which can often present more favorable economics compared to underground operations.

Adding to this, the site already has road and ramp access in place. This existing infrastructure reduces potential development hurdles and positions Parbec as an asset that could be more efficiently advanced when the time comes for further site work or potential monetization.

Being located directly next to Agnico Eagle’s Canadian Malartic Mine places Renforth in a mining neighborhood with proven gold systems and access to extensive regional infrastructure. The proximity to a major operator could also open the door to future development opportunities, including potential partnerships or processing solutions.

Growth-Driven Leadership and Regional Expertise

Renforth’s strategy is guided by a leadership team with deep regional knowledge and a proven ability to advance exploration-stage projects with precision. The company’s Vice President of Exploration, Martin Demers, brings over 25 years of experience in the Abitibi region. His track record includes key roles in gold project development and a history of leading geological teams through discovery, resource expansion, and pre-development phases.

Demers has worked closely with Renforth’s field team to refine the geological interpretation of Parbec and is expected to play a significant role in advancing future site work, including planned bulk sampling. This leadership alignment supports Renforth’s focus on efficient, technically sound exploration and disciplined project advancement.

Multi-Phase Growth Strategy

Renforth’s roadmap for Parbec is clear. The company is preparing for future stripping and bulk sampling to collect larger-scale geological data from high-priority zones within the open-pit shell. Bulk sampling will be critical for validating grade consistency and providing the operational data needed to support future development planning.

While Parbec remains the company’s flagship gold asset, Renforth also maintains exposure to critical metals exploration through its Victoria multi-metals structure, which has demonstrated potential for nickel, zinc, cobalt, and other battery metals. However, the company’s near-term focus is firmly anchored at Parbec, where recent resource growth and development readiness present a tangible value-building opportunity.

Operating in a Top-Tier Mining Jurisdiction

Quebec’s Abitibi Greenstone Belt is one of the most productive gold regions globally, with a long history of successful exploration and mining. The province consistently ranks among the most attractive jurisdictions for mining investment, thanks to its stable regulatory environment, skilled workforce, and excellent infrastructure.

Renforth’s projects benefit directly from this supportive landscape. The company’s holdings are surrounded by producing mines, accessible roads, and established power networks — factors that significantly enhance project viability and potential scalability.

Positioned for the Next Phase

Renforth Resources is advancing with focus and purpose, leveraging its growing gold resource, strategic location, and operational readiness to pursue the next phase of its development journey. The combination of near-surface gold, existing access, and a well-connected mining district provides a strong foundation for the company’s continued progress.

With a leadership team deeply experienced in Quebec’s mining sector and a disciplined approach to resource growth, Renforth is building momentum in a way that stands out in Canada’s competitive junior gold space.

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