Deep-South Resources (CVE: DSM-OTC: DSMTF) CEO Pierre Leveille joined Steve Darling from Proactive to bring news the company has released their first drill results from their current program at the Haib Copper project in southern Namibia. Leveille telling Proactive they saw significant copper and molybdenum intersections with numbers like 0.47% CuEq over 152 metres, including 30 metres at 0.81% CuE and 0.65% CuEq over 36 metres, Leveille also told Proactive a change in the way drilling has been done in the past is being proven successful with these first results
Everything you need to know in 5 minutes

https://youtu.be/h9khU90INC0

https://youtu.be/ucyuHErDPOk


Renforth Resources, a Canadian-focused mineral exploration company, is both asset- and cash-rich with a collection of four 100% owned gold and battery metal projects within the Abitibi Greenstone Belt, a world-class mining region, with three projects in Quebec and one in Ontario.

Jay Currie’s Motherlode: Renforth Resources
This is a casual column. It is not investment advice. It is about what I have “eyes on” weekly. You might want to take a look. Assume I am invested or would like to be invested in any company I mention. Do your own due diligence and get advice from an investment professional.
Exploration
I like exploration stories. Taking a prospective piece of ground and developing and testing a theory about its precious metals endowment is high risk but, potentially, ultra high reward. A discovery hole may potentially drive a $0.05 stock to $1.00 overnight. Here are three companies with very different exploration styles, which I am sharing my review notes with you on today.
Renforth Resources Inc.
Nicole Brewster, CEO of Renforth Resources Inc. (CSE: RFR | OTCQB: RFHRF), is a very practical, matter of fact person with a deadpan humour and an instinct for prospective properties. She was an investment broker for many years and has a sense of what the market is looking for: gold and base metals projects in Quebec.
Nicole scored a coup for Renforth by selling one of its properties, New Alger, to Radisson for shares and cash in 2020. What this sale did, along with making a cash profit for Renforth and giving it exposure to Radisson’s success, was to eliminate the need for Renforth to raise money to drill its other properties. The great downfall of explorers is having to raise money selling cheap shares. Avoiding dilution was a key objective for Nicole.
Now the company is drilling its Parbec property, literally next door to the Canadian Malartic mine, the last property along the Cadillac Break which is not owned by a major. This leads to a steady stream of press releases as core is assayed and new mineralized areas are discovered. The massive Canadian Malartic mine is in the process of transitioning to an underground operation. As it does it will need material to keep its mill operating. Renforth is delineating that material as it de-risks the Parbec property. At the moment it has 281,000 indicated and inferred ounces of gold at Parbec in a pit constrained model. That number will improve with more drilling. The going rate for gold ounces in the ground is around $100, so a reasonable buyout would be around $30 million. At $0.075, Renforth has a market cap of $18 million.
And that ignores Renforth’s Surimeau property which contains a nickel bearing ultramafic, coincident with a copper/zinc VMS over a 5km strike. That property has barely been scratched but a robust drilling program is planned for spring 2021.
With money in the bank, Renforth can drill and assay and report regularly. Eventually, the market will catch on and reward Nicole…

Latest PR this AM
Read the entire news at
https://www.stockwatch.com/News/Item/Z-C!DSM-3058888/C/DSM
only 2 important facts OTCQB DSMTF
PEA Update : At $4.00 / lb, it generates an after-tax NPV of $1,650 million and an after-tax IRR of 42%. (See the press release here: https://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-returns-singnificantly-improved-economics/

Barchart Rating
https://www.barchart.com/stocks/quotes/RFR.CN/opinion
Overall Average:
100% BUY
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.
0 100 Current Strength Good
0 100 Current Direction Strongest

• Strength & Direction
Composite Indicator

TrendSpotter BUY
Short Term Indicators

20 Day Moving Average BUY

20 - 50 Day MACD Oscillator BUY

20 - 100 Day MACD Oscillator BUY

20 - 200 Day MACD Oscillator BUY
20 - Day Average Volume: 477,842 Average: 100% BUY
Medium Term Indicators

50 Day Moving Average BUY

50 - 100 Day MACD Oscillator BUY

50 - 150 Day MACD Oscillator BUY

50 - 200 Day MACD Oscillator BUY
50 - Day Average Volume: 594,479 Average: 100% BUY
Long Term Indicators

100 Day Moving Average BUY

150 Day Moving Average BUY

200 Day Moving Average BUY

100 - 200 Day MACD Oscillator BUY
100 - Day Average Volume: 482,508 Average: 100% BUY

Everything you need to know on RFR.CN
https://youtu.be/jkI1_MlCX1Y

Deep-South Resources (CVE: DSM) CEO Pierre Leveille joined Steve Darling from Proactive with news the company has picked the team that will produce an updated resource estimation for their Haib copper project located in the south of Namibia.

https://youtu.be/dD48JC1ouTI

Renforth Resources Inc (CSE:RFR) (OTCQB:RFHRF) (FRA:9RR) CEO Nicole Brewster tells Proactive it has begun a 3,500-meter drill program on the Victoria Nickel target at its Surimeau District property in Quebec. Brewster says the drilling is planned for around three kilometers of the five-kilometer strike of the Victoria target area and is a follow-up program to its confirmation surface and sub-surface sampling programs which it said has demonstrated the presence of mineralization including sulphide nickel, zinc, copper, and silver while testing for platinum group elements is ongoing.

https://youtu.be/hr0SuQsEWQw

100% copper and Fully funded
World class copper depisit in Namibia

http://www.deepsouthresources.com/

Tools for your DD

Highly Profitable Copper Project with Low Market Valuation
https://youtu.be/jaAxVmpiLHA

Complete investor report

https://ca.proactiveinvestors.com/companies/news/938684/highly-profitable-copper-project-with-low-market-valuation-938684.html/long