At this point in time, Renforth Resources Inc (OTCMKTS:RFHRF) is a stock that could be on the radar of a number of investors and it is easy to see why.
About Renforth Resources Inc
The company is the sole owner of the Surimeau District Property, which stretches across an area of as much as 260 square kilometers. It might be a good idea for investors to perhaps get a better idea about the nature of the property in question before delving into the recent developments with regard to Renforth.
The property is blessed with plenty of areas that bear both polymetallic and gold mineralization and each of those zones offers various levels of exploration opportunities.
Last but certainly not least, the Surimeau District Property also has vast stretches of unexplored ground and that is also something that cannot be ignored when considering the merits of the property.
Now that you have a fair idea about the company, it may be a good time to look into the latest developments.
Channel Sampling at Renforth’s Victoria West
Earlier in the week on Tuesday the company had made an announcement with regards to some of the work that it had been conducting at Victoria West. More importantly, the results shared by Renforth Resources have shown that channel sampling across the 275 meters stripped surface has been fairly consistent. The Victoria West is a part of the Surimeau District Property.
Private Placement Financing
On the other hand, the company has also worked diligently in order to raise cash for the purpose of funding its operations. Back on December 21, 2021, Renforth had announced that it had been successful in raising as much as $1,376,260 through a private placement. In that particular private placement, Renforth had issued as many as 137,500,000 flow-through units in the company and 14000 common units.
Drilling Victoria West Nickel/Copper/Cobalt/Zinc Stripped Area
At the same time when Renforth made the announcement with regards to the private placement, it had also announced that the final drilling activities at the Victoria West zone had been concluded for the year 2021. The company is possibly moving in the right direction at this point and it may be a good time for investors to sit up and take notice.