21:11:50 EDT Thu 02 May 2024
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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 251,296,669
Close 2023-04-21 C$ 0.025
Market Cap C$ 6,282,417
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Renforth Resources tests two samples at Surimeau

2023-04-24 10:50 ET - News Release

Ms. Nicole Brewster reports

RENFORTH SAMPLES PEGMATITE WITH ELEVATED RARE EARTH ELEMENTS

Renforth Resources Inc. has provided shareholders an update on the lithium exploration program at Surimeau.

In mid February 2023 Renforth's geologists spent one day on a prospecting effort in the powerline cut corridor at Surimeau, approximately 4km south of the ~20km long Victoria polymetallic battery metals mineralized system, within the Decelles batholith margin. Snow cover was more significant than anticipated and mixed with ice layers. As a result of this only two samples were obtained, one consisting entirely of pegmatite, one of a mix of pegmatite and granite. The samples were both tested with an XRF, which resulted in elevated rare earth element readings. The samples have been sent to the laboratory for analysis.

Renforth is planning a May pegmatite/lithium prospecting program at Surimeau utilizing the services of outside consultants specializing in pegmatite exploration. Additional details will be announced as available.

Sample Locations

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.

About Renforth

Renforth is a secure multi-commodity area play with the dominant brownfield land position south of the world class Cadillac-Larder Lake Fault ("CLLF") in the prolific Cadillac and Malartic mining camps of Quebec's Abitibi. Offering exposure to gold, zinc, nickel, copper, cobalt and more, including lithium Renforth's land position encompasses several areas of interest. In the more than 300 square kilometres Renforth holds, there are both resources and mineralized ground undergoing exploration to extend zones and define the amount of metal in structures.

Renforth's position is unique in that the ground is road accessible, has hydro power in place and is in an established and secure mining jurisdiction which regularly ranks as Top 10 (as determined by the Fraser Institute) in the world.

The CLLF, which extends from west of Kirkland Lake in Ontario to east of Val d'Or in Quebec is a regional first order fault which hosts numerous mines along its extent, including one of Canada's most lucrative gold mines, the know historic O'Brien Mine which formed the Cadillac Mining Camp, and Renforth's Parbec gold deposit near Malartic. Now, immediately north of Renforth's landholdings is one of the few instances of the CLLF being mined on its north side with North America's deepest single stage shaft, the Penna shaft, at Agnico Eagle's LaRonde Mine. Renforth holds the dominant land position in the Cadillac Camp south of the fault, and a good portion of the land position in the Malartic camp as well, contiguous to one of the few mines operating on the south side of the Cadillac Break, the Canadian Malartic Mine. Renforth's landholdings in the area host gold and silver as well as a host of future facing, or battery, metals such as nickel, copper, zinc, cobalt and lithium.

We seek Safe Harbor.

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