Renforth Announces Drill Program on Surimeau's Nickel Polymetallic Mineralization
March 14 - Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") would like to advise shareholders that our Winter 2023 drilling has begun on the ~20 km long, surface nickel sulphide polymetallic (Ni/Co/PGEs intermingled with Zn/Cu/Ag/Au) mineralized system named Victoria, on our wholly owned 330 sq. km Surimeau District Property near Malartic, Quebec. Surimeau also hosts the similar Lalonde mineralized system, currently ~9km long, located ~4km north of Victoria, along with other mineralized occurrences.
This drill program will take place near the western property border, ~4km west of the previous drilling on the Victoria structure, which has been drilled over a 2.2km length within the 20km long mineralized system. The Victoria mineralized system is clearly visible as a high mag within Renforth's airborne magnetic survey, in several locations there are high priority EM anomalies coincident with the magnetic anomaly, along the entire system.
In the western end of the Victoria system interpretation of the Airborne EM/Mag survey shows an interesting curvature to the trend possibly representing sinusoidal folding which may have resulted in greater mineralized fluid entrapment. There are also clear crosscutting structures indicating minor offsets of the anomaly across this area. Surface prospecting and sampling has identified mineralization within ultramafic rocks with bands of calc-silicates, typical of the Victoria system, including the 2.2km drilled area. The area of the curvature has not been explored or drilled previously (with exception of Renforth's prospecting efforts), Renforth looks forward to creating completely new information for our Surimeau property.
Nicole Brewster, President and CEO of Renforth will share an update with shareholders on the Emerging Growth Conference platform Wednesday March 22 at 3:05pm, registration is free using the link below.
Technical disclosure in this press release has been reviewed and approved by Francis R. Newton PGeo, OGQ a "qualified person" pursuant to NI 43-101.
For further information please contact:
President and Chief Executive Officer
#Unit 1B - 955 Brock Road, Pickering ON L1W 2X9
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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.
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