trending Market Intelligence /marketintelligence/en/news-insights/trending/7djKUgoTQckDu4XYE9C-TA2 content esgSubNav
In This List

Renforth Resources fully acquiring Nixon-Bartleman gold project

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


Renforth Resources fully acquiring Nixon-Bartleman gold project

Renforth ResourcesInc. said April 26 that it has negotiated the acquisition of a 100%stake in the Nixon-Bartlemangold project in Ontario in exchange for 3 million common Renforth shares and theissuance of a 0.5% net smelter royalty to the vendor.

The purchase replaces the prior option Renforth held on the property,which is subject to a pre-existing 2% NSR.

Nixon-Bartleman is comprised of four patents and 15 claims, coveringan area of 313 hectares. Renforth's initial field campaign at the property in September2014 found 22.1 g/t of gold in a 0.3-meter channel sample within a larger 0.6-meterchannel, which returned an assay of 13 g/t of gold outside of the property's historicarea of interest.

According to the company, the Nixon-Bartleman property has severalareas of future focus apart from the main surface gold-bearing Nixon-Bartleman showingas several geophysical and geochemical anomalies were historically delineated buthave not yet been tested.

The Nixon-Bartleman property acquisition remains subject to boardand regulatory approvals, as required.