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363,000 Gold Ounces: Renforth’s Parbec Deposit Is Beside One of Canada’s Largest Open Pit Mines

Posted by Brittany McNabb at 1:13 PM on Wednesday, April 30th, 2025

With a strategic location beside one of Canada’s largest gold mines and a 29% boost in ounces, Renforth’s Parbec Gold Deposit is back in the spotlight.

As gold sets its sights on $4,000, investors and analysts alike are revisiting the companies most exposed to the upside. One of the names gaining fresh momentum is Renforth Resources Inc. Its flagship Parbec Gold Deposit and its commanding land position in the Abitibi.

Location, Location, Location: Parbec’s Strategic Advantage

Renforth’s Parbec Gold Deposit is a surface-accessible gold system located immediately beside Agnico Eagle’s Canadian Malartic Mine — one of the largest gold operations in Canada.

In mining, proximity to infrastructure and proven systems matters. Parbec doesn’t just sit near one of Canada’s most prolific mines; it shares similar geological characteristics with the Barnat and East Malartic deposits that helped form the Canadian Malartic Super Pit.

That kind of geological validation is rare — and incredibly valuable.

New 43-101 Resource: 363,000 Ounces and Growing

Renforth recently delivered a major milestone: a new NI 43-101 compliant resource estimate for Parbec.

Key Highlights:

  • 363,000 ounces of gold — a 29% increase from the previous estimate
  • 265,000 ounces in the Measured & Indicated category, the highest level of geological confidence
  • All ounces are constrained within an open-pit model starting right at surface

And that’s not the ceiling.

The company also identified 24,000 ounces of gold below the economic cutoff, which could be added under higher gold price assumptions — a key point, as gold surges toward historic highs.

Infrastructure Ready, Monetization Options Open

Parbec isn’t just a promising deposit — it’s also primed for advancement.

  • Existing decline ramp on site offers access to subsurface zones
  • Surrounded by multiple toll milling facilities, including Agnico Eagle’s Westwood and Camflo
  • Excellent road access and logistics reduce the need for major capex

This optionality gives Renforth multiple paths forward: sale, joint venture, or a low-cost bulk sampling program that could begin generating near-term cash flow. That flexibility is critical in today’s market.

Not Just Gold: Critical Mineral Exposure Through Malartic Metals Package

Beyond gold, Renforth also controls the Malartic Metals Package — a 300 km² land position that contains a 20-kilometre-long polymetallic mineralized corridor.

Early-stage discoveries here have already confirmed the presence of:

  • Nickel
  • Cobalt
  • Copper
  • Zinc
  • Platinum and Palladium

Located in a Tier 1 jurisdiction, this land package offers exposure to battery metals and energy transition demand — a powerful complement to Renforth’s gold story.

Final Word: Gold, Growth, and Geological Firepower

In a market increasingly driven by gold scarcity and critical mineral demand, Renforth Resources stands out as a company with scale-ready assets, top-tier location, and flexible pathways to monetization.

With 363,000 ounces of near-surface gold, a geological twin to one of Canada’s largest gold mines, and a multi-metal critical minerals corridor, Renforth is proving it doesn’t need to be the biggest to be one of the most compelling.

As gold breaks new records, Renforth Resources is a name to watch.

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CLIENT FEATURE: 3 Reasons Durango Resources is the Next Small Cap Discovery in Quebec $TRG $KLD $OSK $UGM

Posted by AGORACOM at 7:50 PM on Tuesday, July 27th, 2021

Durango Resources (TSX.V-DGO) (Frankfurt-86A1) (OTCQB -ATOXF) is an exploration company in search of a gold discovery in Quebec.

Durango’s land in the Camp demonstrates a high probability of having gold in the ground. The Trove and East Barry properties have seen multiple methods of exploration helping to guide and pinpoint areas that require drilling for gold. Durango has been guided expertly by both management, its technical team and its peers for the discoveries previously made in the Windfall camp.

Osisko dominates the land position and are responsible for the discovery of the Windfall deposit, which has expanded into a resource of 1.2 million ounces of high-grade gold and helped to create a new gold camp in Canada. Their deposit is world-class scale and Osisko shows no sign of slowing down exploration anywhere on their sizeable land position. They continue to encounter significant mineralization through drilling and used 19 drills in 2020, surrounding Durango with over 2.8 million ounces of gold.

Durango may be in the shadows of a larger entity, but that doesn’t make their properties any less valuable. Durango doesn’t need to be bigger to be better. The Trove and East Barry properties show high probability of having gold in multiple areas, the Discovery property has permits for 15 exploration drillholes and received drill permits for its wholly-owned NMX East Property located near Nemaska, Québec.

Durango is backed by a regionally experienced technical staff that have made their own discoveries in Quebec, and management that have purposely supported the company for this strategic land to have its moment. Durango aims to prove that bigger isn’t always better, and that small cap exploration companies can make market grabbing discoveries.  2021 is the year Durango makes a discovery of their own in Quebec, aligning them with Bonterra, Osisko and Troilus for the markets attention.

Here are the 3 things you need to know

1.     Drilling at East Barry Returned Silver and Gold in Granite

The East Barry Property is located south of Windfall Lake and adjoins both Osisko Mining Inc. (TSX-OSK) and Bonterra Resources Inc. (TSX-BTR) in the Abitibi Greenstone belt which to date has produced over 200M ounces of gold. Durango wholly owns the 7,740-hectare East Barry Property which runs parallel to its wholly owned Trove Property at Windfall Lake, Québec.

The East Barry Property hosts a crosscutting fault system striking towards Windfall Lake lending the project great discovery potential.

The purpose of the initial East Barry drill campaign was to gain an understanding of the geology in the area and to identify the structure, dip, and fertility of the rock. The outcrop on the East Barry Property is limited and virtually no historical exploration has occurred on the property prior to the recent work completed by Durango. To date, knowledge of the area has been based solely on the geophysical surveys and till sampling completed by Durango.  

Previous till surveys identified a gold trend of up to 10 km with gold assays reaching up to 2.19 g/t Au

Durango’s exploratory drill holes were conducted as an initial step to help identify a prospective target for the source of the gold in the till, given the limited outcrop at surface.

2.  Wholly Owned Discovery Property

Durango owns 100% interest in the Discovery claims, which are adjacent Osisko Mining Inc. and are 60km away from Troilus Gold Inc.’s past producing mine. located on strike to the southwest of the past producing Troilus Gold mine owned by Troilus Gold Corp.  (TSX-TLG) and neighbours UrbanGold Minerals Inc. (TSXV-UGM). 

Durango’s technical team has prepared tentative summer exploration plan for the Discovery Property.

The 6,700-hectare project is geologically compelling and Durango has permits for 15 exploration drill holes. Prior exploration sampled 7.6 and 6.2 g/t gold surface samples previously obtained on the Discovery property. Durango’s exploration team plans to visit the Discovery Property in 2021.

The Company will provide more details and timing on the Discovery Property visit as they become available.

3. Technical Committee and Management Support

You can’t make a discovery without people and know how to do it. The Windfall Camp has proven there is a tremendous amount of gold buried in the ground, with lots more to be found. Gold, however, doesn’t find itself. For that you need the people and know how to understand where to start looking before committing hard earned shareholder capital on expensive, sometimes, failed drill campaigns.

This is where Dale Ginn gets to help guide Durango. An experienced mining executive and geologist for over 30 years participated in numerous gold and base metal discoveries, many of which are in production today, including the Gladiator Deposit by Bonterra in the Windfall Camp. Dale has the prerequisite experience to coordinate and define an exploration program leading up to a discovery. He has done it before and may accomplish again with Durango.

Lastly, shareholders are thankful to have Marcy Kiesman at the helm of Durango. Ms. Kiesman has routinely supported the company and owns close to 16%. Ms. Kiesman is one of the leading ladies in the exploration business today and has put together an all-female management team positioning Durango toward Discovery, including the recent announcement of Ms. Joanna Cameron to its board of directors.

Click Here To Discover Why Durango Resources Is The Next Gold Discovery In Windfall Lake

Durango Resources is an advertising client of AGORA Internet Relations Corp.

CLIENT FEATURE: Beauce Gold $BGF – The SmallCap Gold Company Poised to Make a Placer to Hard Rock Discovery $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca $OR.ca $KGC.ca

Posted by AGORACOM at 3:15 PM on Tuesday, June 1st, 2021

Beauce Gold Fields (BGF: TSXV) is going to discover where the gold from Canada’s first historical placer gold rush came from.

Beauce is very close to locating the hard rock source that created Canada’s first gold rush. The area Beauce controls produced the largest gold nuggets in Canadian mining history (50oz to 71oz) and if these nuggets were to be found today each would be worth over $100,000 at today’s gold price. Beauce controls 100% of the 6km trend where the first gold rush in Canada occurred and is very close to finding the source of Canadas first gold rush through drilling in 2021.

The presence of alluvial (surface) gold is a great indicator for a modern exploration company to search for the source. It is an indication of a large gold source close by and Beauce has proven this with a Paleoplacer Resource that is one of the largest un-mined Paleoplacer deposits in North America.

If successful Beauce will be able to prove a major discovery and the lode source for all surface gold ever found at the Beauce Gold Fields project area, while potentially developing an increasingly economic paleoplacer surface deposit.

3 Reason Why Beauce is Going is to Find The Hard Rock Source of Canada’s First Gold Rush

1.    Multiple Peers Have Already Proven The Exploration Model Works

After decades of being overlooked, recent hard rock gold discoveries in the Yukon’s placer fields has led to a modern gold rush with major gold companies such as Goldcorp, Kinross, Barrick & Newmont investing hundreds of millions in Yukon juniors. Osisko Gold Royalties has invested $33 million in Barkerville alone.  An easy peer review demonstrates the unexplored value that is a soon to be attraction to investors looking to capitalize on a proven exploration model, in an area without competition from peers that Beauce completely controls. An area that is waiting for a discovery to made.

Other companies have been very successful in leading the way for Beauce to demonstrate that placer gold has to come from a source, a source that is often superior to that which has already been found on surface.

2.    The Project Area Has Seen No Modern Drilling For A Hard Rock Source.

Beauce controls the entire area, a 6 km long gold anomaly and fault zone

The project area hosts a six-kilometer-long unconsolidated gold-bearing sedimentary unit.  There is gold in saprolite that indicates a close proximity to a bedrock source of gold along with the recent discovery of a fault underneath the historical gold placers, providing possible further exploration discoveries. All the signs point to a future drill program taking place.

Gold nuggets, geology, fault, angular gold – all point to finding the lode source (where it all came from)

Beauce controls an area that has never been systematically drilled for the hard rock source. Investors in 2021 are eagerly anticipating a drill announcement.

3.     Beauce Already Has A Paleo Placer Gold Resource

Total gold potential ranges between 61,000 ounces to 366,000 ounces and is documented through the companies Beauce Paleo placer Project Business Model for Placer Mining (2015).

The Company has calculated a Gold Exploration Target for the entire historical placer channel ranges between 61,000 ounces (2,200,000 m3 @ 0.87g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3).

If you think this is insignificant at first glance, the 2015 report pegs the all-in cost at US$630/oz at $1250 gold. Today gold is at $1900. The increase in the price of gold vastly improves the economic potential and development of the Beauce Paleoplacer deposit.

The cost to build the mine is only $8 million. This based of off a 2015 gold price of $1250 and an 8-year mine life that upon ccommencement of full-scale production the annual gold output should be between 8,000 oz. (base case) and 24,000 oz. This can generate annual cash flow between $6.5M (base case) and $25 Million. The operation is capable of producing around 40,000 oz per year within 4 years of commencing production.

At $1900 dollar gold, a modest 4000 ounces produced increases the revenue to $7.6 million from $6.5. At 24,000oz’s of production the revenue jumps to $45million.  Enough to build a company, and certainly enough to fund exploring for where it all came from.

Click Here To Discover The Next Small Cap Canadian Gold Exploration Success Story