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Renforth Grab Samples 0.71% Ni from Unexplored Area of ~20km Victoria Mineralized Structure

26.09.2022  |  The Newswire
  • New outcrop mineralization discovered east of road - Pickering, Ontario - Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") is pleased to deliver to shareholders results from prospecting targeting the polymetallic intrusive mineralization at Surimeau during May-July 2022. These results include 0.71% Ni in a grab sample from a previously unexplored area of central Victoria (east of the Rapide 7 road) and two assay results of 0.32% Ni in two separate grab samples obtained within the current stripping area at Lalonde west (west of the Rapide 7 road).

    Grab samples are preferentially selected and not representative of the entirety of a structure. In the case of Lalonde west follow up work consisting of stripping a wide band perpendicular (north/south) to the mineralized Lalonde structure (which runs east/west), followed by channel sampling, is ongoing as previously announced. In the case of central Victoria additional prospecting will be undertaken this fall.

    "These initial results validate the extent of surface mineralization on our Surimeau District Property. Our current interpretation is two separate polymetallic mineralized systems essentially running east/west, outcropping on surface, with lengths of ~20kms at Victoria and currently ~9km at Lalonde, the latter is still open on strike and unexplored. West of the Rapide 7 road the two horizons are separated north/south by ~3.7km. Copper and Zinc mineralization is hosted in a thick sequence of greywacke with graphitic mudstone interlayers while Nickel and Cobalt mineralization is hosted within ultramafic flows. The best mineralization is often found within and around sheared, albite altered, and calc-silicate altered ultramafics the sedimentary contact. We continue to learn more about this property with ongoing exploration to determine the extent and surface grade of the mineralization. We intend to drill at Victoria west this winter, building on the drilled mineralized package as deep as 180m with an ~125m package width over the ~2.2km we have drilled. We will also likely drill Lalonde west of the road for the first time. Our grab samples reflect the consistent presence of polymetallic mineralization with a wide range of grades, clearly there is with more work required, which we will do" states Nicole Brewster, President and CEO of Renforth.

    2022 Prospecting Results Summarized

    This press release reports on prospecting results obtained from the Victoria and Lalonde trends during the 2022 season, prior to trenching. Work to date leads Renforth to conclude that the Victoria and Lalonde are of similar mineralization environments, interpreting the geological setting as being a type of hybrid volcanogenic massive sulfide (VMS) and mono-sulfide solid solution (MMS) system where there was interaction between intruding Nickel enriched ultramafic magmas and sulfide-enriched sedimentary material leading to the formation of nickel mineralization alongside anomalous zinc and copper from any assimilated VMS systems. Following this prospecting work, a channel cutting program was carried out (results pending). Currently, the property has been chipped and stripped with channel cutting ongoing at Lalonde. Renforth's geologists will map and sample the newly stripped areas subsequent to a field break allowing the local community uninterrupted access for hunting. The results of the prospecting work highlighted below demonstrated to Renforth the consistent presence of some amount of polymetallic (Nickel, Cobalt, Copper and Zinc) mineralization throughout each system and support the continued exploration of the property in order to determine the size and extent of the occurrences.

    Victoria East and West Prospecting Result Highlights

    Sample #

    Location

    Litho

    Outcrop

    Sample

    Ni ppm

    Co ppm

    Cu ppm

    Zn ppm

    81094

    Victoria East

    V4

    Ultramafic, massive with zones of spinifex texture, non-mag, dark green, series of NW-Se trending dykes

    Ultramafic, massive with zones of spinifex texture, non-mag, dark green, series of NW-Se trending dykes

    1730

    192

    60

    110

    81096

    Victoria East

    V4

    Same spot as above, either contact or weathered differently because of blowdown tree, surface is soft greasy and talcose, Ultramafic, massive, fine to med grained, blue-grey colour, clots of coarse calcite, trace py

    Same spot as above, either contact or weathered differently because of blowdown tree, surface is soft greasy and talcose, Ultramafic, massive, fine to med grained, blue-grey colour, clots of coarse calcite, trace py

    1690

    101

    70

    60

    81131

    Victoria East

    V4

    Ultramafic, bands of mod to strong albitization, pyroxene rich band, rare 2 cm qz-ab veinlets + 1-2 mm ab stringers, patchy weak mag, 2-4 % diss py throughout, , locally up to 7% py, fol at 94/30N , sulphides are lineated

    Ultramafic, bands of mod to strong albitization, pyroxene rich band, rare 2 cm qz-ab veinlets + 1-2 mm ab stringers, patchy weak mag, 2-4 % diss py throughout, locally up to 7% py

    7160

    257

    260

    330

    81197

    Victoria East

    V3

    Mafic volcanic, aphanitic, dark grey-black, mod to strong mag throughout, occasional shiny pyroxene crystals, trace py, massive

    Mafic volcanic, aphanitic, dark grey-black, mod to strong mag throughout, occasional shiny pyroxene crystals, trace py, massive, smooth bedrock, possible large frost heave boulder from nearby

    1830

    131

    20

    110

    81198

    Victoria East

    V3

    Same as 81197, 2 m tall 25 m long ridge in low relief area, oriented 250 (E-W), possible pillows visible on surface

    Same as 81197, 2 m tall 25 m long ridge in low relief area, oriented 250 (E-W), possible pillows visible on surface

    1640

    120

    50

    90

    81199

    Victoria East

    V3

    Same as 81197, weak fol at 260/30N

    Same as 81197, weak fol at 260/30N

    1650

    114

    50

    70

    81231

    Victoria West

    V4

    Greenish ultramafic, med grained, patches / bands of mod to strong albitization, with 1%py/po locally up to 3%, flat ridge oriented 86/60N

    Greenish ultramafic, med grained, patches / bands of mod to strong albitization, with 1%py/po locally up to 3%

    620

    110.5

    1400

    520

    81232

    Victoria West

    V4

    Main shear like rock, deeply weathered thus micaceous, strongly albitized, low ridge striking 230/60N conc to fol, trace -1 % sulphides, often weathered out

    Main shear like rock, deeply weathered thus micaceous, strongly albitized, low ridge striking 230/60N conc to fol, trace -1 % sulphides, often weathered out

    510

    100.5

    1380

    16500

    81035

    Victoria West

    V4

    Looks identical to shear zone in trench, deeply weathered, strongly albitized, strongly foliated at 247/70N, well mineralized, 15 % diss + stringers and clots, py-sph

    Looks identical to shear zone in trench, deeply weathered, strongly albitized, strongly foliated at 247/70N, well mineralized, 15 % diss + stringers and clots, py-sph

    240

    83.2

    1470

    3860

    81064

    Victoria West

    V4

    North side of same ridge as sample 81062, E-W orientation, calc-silicate v4, aphanitic, mod albitization, mod bt, 5-15% fine sulfides (py-po), sulfur odor around outcrop.

    Calc-silicate v4, aphanitic, mod albitization, mod bt, 5-15% fine sulfides (py-po), sulfur odor around outcrop.

    1820

    196

    210

    230

    81076

    Victoria West

    V4

    Same ridge as above, ultramafic, aphanitic, serpentinized, 20 m from 81075, weak albitization

    Ultramafic, aphanitic, serpentinized, 20 m from 81075, weak albitization

    1820

    91.4

    0

    70

    *Results presented above are grab samples and only represent the material sampled. Additional samples were taken in this program and are not reported on in this release. Mapped prospecting results are available on the website.

    Lalonde East and West Prospecting Result Highlights

    Sample

    Location

    Litho

    Outcrop

    Sample

    Ni ppm

    Co ppm

    Cu ppm

    Zn ppm

    81142

    Lalonde East

    V4

    Strongly albitized, deeply weathered, sheared rock, very similar to main shear in Victoria trench, strong fol at 94/70N, well mineralized py + sph, stringers and clots along foliation, 5-10% sulphides overall

    Strongly albitized, deeply weathered, sheared rock, very similar to main shear in Victoria trench, strong fol at 94/70N, well mineralized py + sph, stringers and clots along foliation, 5-10% sulphides overall

    110

    52.8

    380

    17900

    81251

    Lalonde East

    V3

    Boulder sub angular in swamp 2x2 m

    maf vol, dark grey black colour, fine-med grained mod mag throughout, trace fine py, rare fine ab blebs throughout

    1520

    80

    50

    60

    81118

    Lalonde East

    V4

    Massive ultramafics, trace to 1 % diss py, po, green colour, serpentinized

    Massive ultramafics, trace to 1 % diss py, po, green colour, serpentinized

    1430

    106

    160

    90

    81119

    Lalonde West

    V4

    Ultramafic, dark green, coarse grained, massive, dense, rare 1-3 mm qz-ab stringers, 2-5 % fine to med diss py, po throughout, locally up to 10%, weak to mod mag throughout

    Ultramafic, dark green, coarse grained, massive, dense, rare 1-3 mm qz-ab stringers, 2-5 % fine to med diss py, po throughout, locally up to 10%, weak to mod mag throughout

    3220

    208

    360

    390

    81123

    Lalonde West

    V4

    Tallish ridge, Lalonde east area powerline, strongly foliated 104/44NE, albitized ultramafic with fine stringers and diss py, po, up to 10-12 %

    Strongly foliated 104/44NE, albitized ultramafic with fine stringers and diss py, po, up to 10-12 %

    3220

    297

    160

    240

    81085

    Lalonde West

    V4

    Same ridge as 81119, Ultramafic, dark green, coarse tremolites in aphanitic groundmass, 10-20% fine to med diss py, po, possible trace bornite, presence of reworked/ broken red garnets within.

    Ultramafic, dark green, coarse tremolites in aphanitic groundmass, 10-20% fine to med diss py, po, possible trace bornite, presence of reworked/ broken red garnets within.

    2140

    160

    410

    570

    81304

    Lalonde West

    V3

    Sheared maf vol, ultramafics, strongly foliated, and actinolized sediments, possibly, amphibolized maf vol <1mm ab stringers conc to fol at 313/steep slight NE

    Sheared maf vol, ultramafics, strongly foliated, and actinolized sediments, possibly, amphibolized maf vol <1mm ab stringers conc to fol at 313/steep slight NE

    1690

    110

    20

    130

    *Results presented above are grab samples and only represent the material sampled. Additional samples were taken in this program and are not reported on in this release. Mapped prospecting results are available on the website.

    Samples presented in this press release were selected, bagged, and tagged in the field under the supervision of Francis R. Newton P. Geo (OGQ#2129) and personally delivered to the facilities of ALS Geochemistry in Val d'Or, Quebec, for analysis using the ME-MS89L assay methodology (Trace Level Lithium Exploration by Na-Peroxide Fusion).

    Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P.Geo (OGQ#2129), a "qualified person" pursuant to NI 43-101.

    For further information please contact:

    Renforth Resources Inc.

    Nicole Brewster

    President and Chief Executive Officer

    C:416-818-1393

    E: nicole@renforthresources.com

    #Unit 1B - 955 Brock Road, Pickering ON L1W 2X9

    Follow Renforth on Facebook, LinkedIn and Instagram!

    About Renforth

    Renforth is focused on Quebec's newest battery metals district, our wholly owned ~330 km2 Surimeau District Property, which hosts several known areas of polymetallic "battery metals" mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. Victoria West has been drilled over a strike length of 2.2km, within a 5km long mineralized structure, proving nickel, copper, zinc and cobalt mineralization, in the western end of a 20km magnetic anomaly. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. Additionally, the Lalonde, Surimeau and Colonie Targets are all polymetallic mineralized occurrences which, along with various gold showings, comprise the areas of potential of this NSR free property.

    In addition to the Surimeau District battery metals property Renforth wholly owns the Parbec Gold deposit, a surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. In 2020/21 Renforth completed 15,569m of drilling which successfully twinned certain historic holes, filled in gaps in the resource model with newly discovered gold mineralization and extended mineralization deeper. Based upon the success of this significant drill program the Company considers the spring 2020 MRE, with a resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au to be out of date. With the new data gained Renforth will undertake to complete the first ever structural study of the mineralization at Parbec, as well as additional total metallic assay work in order to better contextualize the nugget effect on the gold mineralization.

    Renforth also holds the Nixon-Bartleman property, west of Timmins Ontario, with gold present on surface over a strike length of ~500m.

    No securities regulatory authority has approved or disapproved of the contents of this news release.

    Forward Looking Statements

    This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as 'may', 'will', 'plan', 'expect', 'believe', 'anticipate', 'estimate', 'intend' and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company's securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.

    Copyright (c) 2022 TheNewswire - All rights reserved.


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