Renforth, first update of 2024…Victoria, Beaupre and Parbec

Welcome to a New Year!

A new year of exploration is on the way for at least 3 of our assets – Victoria and Beaupre on our significant Surimeau property in Quebec and our nearby Parbec gold deposit.  Each of these were left in a very good position at the end of 2023, with work wrapping up in December, with more to come this year!

Yesterday I gave the first update webinar of the year, I decided to share the presentation deck I used and a Youtube link with each of you, in case you are interested. A very brief recap is below, the presentation takes only 10 minutes including questions (can you say fast talking?) and covers 11 slides (one of which is the cover, the other is the typical warning I give you in each email, I am not impartial, due your own due diligence etc. (see I did it again!)). An interesting take away for me from the session itself was that the questions were from new people.  I take that as a positive. I start off the presentation emphasizing our location, I simply cannot do this enough.  We are in a fantastic position! This gives us efficiencies today for cost and access to services, we are in a very mature mining camp. That also gives us neighbours who will eventually have to replace ounces and a smelter that can always take feed. Do not forget, lower operating costs also push down the cut off grade need to make a potential mine economic. (lots to do as you know before a mine, but a great place to be working towards that). Check it out below.

So – Victoria we drilled about 3500m in 11 drill holes, results are pending, visually things looked quite good by xrf measurements, assays will tell the tale.

Beaupre – well, we stripped the copper discovery which is located quite close to the Cadillac Break and between identified faults and intrusives…it is an intriguing location. Unfortunately before we could do much the snow came (and annoyingly and unusually, did not leave!) so we wait for it to melt and dry out to finish up there.

Parbec – as you may have heard me say we are redoing the model using the drilling post resource calculation, along with the expertise of several geologists, in particular a local one very familiar with deposits along the Cadillac Break. His interpretation has laid the groundwork for our team to build a program to test the interpretation and add structural data…it is quite exciting, still at a desktop stage but a new approach – more to come there, some imagery in the deck.

That is about it for now, we are working on a Victoria model now (one image in deck) as once we establish what is happening over the more or less 2km area we are working we can extrapolate it along 20km, it is all one structure and we know it is there….that will be interesting.  And we await assays.  And Parbec is simmering…stay tuned!

Thanks for reading – Nicole

Jan 10th Presentation – English

Jan 10th Presentation – French

Youtube link