The Parbec gold deposit, on the Cadillac Break, holds an existing resource last calculated in 2020 at $1,450-per-oz. gold. The May 2020 resource estimate defined a pit-constrained resource of 1.8 million indicated tonnes at 1.77 grams gold per tonne for 101,400 gold oz. An additional 2 million pit-constrained inferred tonnes graded 1.56 grams gold for a further 100,300 ounces.
Renforth is updating the resource with 28,000 metres of new drilling, including data from the 1980s and 1990s.
The company expects the recalculation to boost the deposit’s value, making it a viable funding source for its about 300 sq. km Malartic Package nickel exploration.
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