Metals and Mining
Company Overview of Renforth Resources Inc.
Renforth Resources Inc. is engaged in the acquisition, exploration, and development of mineral properties in Canada. It holds interests in the New Alger gold project located in the Cadillac Break mining camp, Québec. The company was formerly known as Wycliffe Resources Inc. and changed its name to Renforth Resources Inc. in July 2006. Renforth Resources Inc. is headquartered in Toronto, Canada.
65 Front Street East
Toronto, ON M5E 1B5
Key Executives for Renforth Resources Inc.
Chief Executive Officer, President, Director and Member of Corporate Governance & Nominating Committee
Compensation as of Fiscal Year 2015.
Renforth Resources Inc. Key Developments
Renforth Resources Inc. Announces Issue of Options and Reaches Settlement Agreement of Debt
Aug 7 15
Renforth Resources Inc. announced that it has issued 950,000 options to officers and directors exercisable for a period of five years at an exercise price of $0.09. The options vest 50% upon grant and 50% six months from the date of grant. The company also announced that it has reached an agreement with two related party creditors to settle debt in the total amount of $237,300 by the issuance of 3,390,000 common shares of the company at a deemed price of $0.07 per share. CFO Advantage Inc., participated in the debt settlement by settling debt in the amount of $79,100 in respect of which it will receive 1,130,000 common shares of the Company.
Renforth Resources Inc. Discovers Blue-Black Quartz Veining in the Pontiac Sediments Within the Staked Claims That Form the Western Portion of the New Alger Property
Jun 17 15
Renforth Resources Inc. announced the discovery of blue-black quartz veining in the Pontiac Sediments within the staked claims that form the western portion of the New Alger property. Visually this mineralization is identical to the mineralization seen in the gold-bearing “Discovery Vein” of the Pontiac Vein System, which Renforth has established in the eastern portion of the property, approximately 1,400 metres to the east, as well as the mineralization in the mine area. Samples taken will be submitted for assay, results released when available. The Pontiac veins, in the eastern portion of the property, have been traced on surface over approximately 450 metres of strike length. The Pontiac Vein System consists of three horizons where the gold bearing veins outcrop. Within the Pontiac Vein System the Discovery Vein horizon has been traced at surface over an E/W strike length of 450 metres, returning assays on surface as high as 12.33 g/t Au in a surface channel over 0.7 metres. The three vein horizons currently occupy a north to south distance of approximately 350 metres, commencing approximately 100 metres to the south of the Thompson-Cadillac Mine Area mineralization, which is hosted by the volcanic units of the Thompson-Cadillac Mine Area mineralization, which is hosted by the volcanic units of the Piche Group.
Renforth Resources Inc. Provides Update on Parbec and New Alger Gold Properties of Malartic and Cadillac in NW Quebec
Jun 4 15
Renforth Resources Inc. provided update to its shareholders regarding company's Parbec and New Alger gold properties, located on the Cadillac Break near the towns of Malartic and Cadillac in NW Quebec. During collar reconnaissance, surface quartz veining was discovered south of the Cadillac Break on the Parbec property, in the Pontiac Sediments. This veining was accompanied by sulphide and/or pyrite mineralization. These are indicators for gold in this geological environment; therefore, these veins were sampled and will be tested by fire assay for gold and multi-element analysis. In building the Parbec model, Renforth has noted that there is gold mineralization on the property within the Pontiac sediments. In addition to the gold mineralization associated with the Cadillac Break, the Pontiac area gold mineralization is evident over several different historical drill programs. To Renforth's knowledge, the occurrence of gold in the Pontiac at Parbec has not previously been a focus of any exploration. Renforth also visited New Alger, approximately 20 kms by road from Parbec, in order to visit the Pontiac Vein System, where the company has discovered a gold mineralization system with three horizons, to see the effect of the winter snow and spring rains on the areas of the Pontiac Vein System, newly stripped last fall. During this visit, quartz veining was discovered in the stripped area that had not been previously visible; this was sampled for the first time. In addition, an area of historical blasting was uncovered near the Discovery Trench showing, which had not been previously seen or sampled, and this was therefore also sampled. The quartz veins sampled were all located within the previously identified Pontiac Vein System and range from a few centimeters to 0.5 m in width, and are grey to blue grey in color with varying amounts of fine disseminated pyrite and arsenopyrite throughout the vein and surrounding wall rock.
Similar Private Companies By Industry
Recent Private Companies Transactions
August 4, 2015
|50 Bonchamp Claims
June 4, 2015
February 26, 2015