Renforth Completes Parbec Stripping and First Close of Financing

Core Insights - Renforth Resources Inc. has successfully completed stripping activities at the Parbec Gold deposit, covering a total surface area of approximately 2200 square meters, confirming the presence of geological features that support previous drill data interpretations [1][2]. Group 1: Stripping Activities - The stripping program at Parbec has revealed unexpected faults and structures, which were not indicated by prior surface channel and drill data [1]. - Several lithologies associated with gold, previously only observed in drill core, were identified at the surface during the new trenching [1]. Group 2: Future Plans - Following the successful stripping program, the company plans to continue with stripping, mapping, washing, and sampling in the remaining permitted area in the spring [2]. Group 3: Financing - Renforth closed a total of $258,000 in the first closing of its financing, issuing 10,800,000 shares and 5,400,000 warrants on a flow-through basis, along with 2,100,000 shares and 2,100,000 warrants on a common share basis [6]. Group 4: Upcoming Events - Renforth will be attending the Duetsche Goldmesse conference in Frankfurt on November 15, where the company will present information about the Parbec open pit gold deposit and the nearby Victoria sulphide nickel polymetallic open pit deposit [7].