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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 251,296,669
Close 2023-07-26 C$ 0.02
Market Cap C$ 5,025,933
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Renforth adds McCart to Ontario property portfolio

2023-07-27 13:14 ET - News Release

Ms. Nicole Brewster reports

RENFORTH ADDS MCCART NICKEL PROPERTY TO ONTARIO EXPLORATION PROPERTY PORTFOLIO

Renforth Resources Inc. would like to inform shareholders that the mineralized McCart nickel property, located approximately 15 kilometres west of Iroquois Falls, Ont., along Highway 11, has been added to Renforth's Ontario exploration property portfolio.

About McCart

Historic work on the McCart property is recorded as early as 1917 with the documentation of nickel on the property. Less than a dozen recorded exploration programs between the first documented in 1917 and the present day have occurred; however, they continued to define nickel occurrences, with the result that a strike length of approximately 600 metres, limited only by a lack of outcrop, has been outlined consisting of nickel mineralization controlled by the basalt contact of the intrusive body where dunite lies in sheared contact with the komatiitic volcanics. Currently the main sulphidic zone has been outlined as three to four m wide on surface, consisting of disseminated and net-textured pyyrhotite with minor chalcopyrite and pentlandite. In addition to this a historic trench on the property exposes graphitic mudstones with traces of albitization and oxidation, there is also a large body of unrecorded and unexplored felsic volcanics present to the south on the property.

Grab samples taken in a brief property visit in November, 2022, confirmed the presence of nickel on the property with a high grab of 0.236 per cent Ni taken from a historic trench showing 10 to 15 per cent pyyrhotite. This sample was proximal to a historic result of 4,100 parts per million Ni from prospecting and thin section work completed by Cunnison & Pyke between 1991 and 1993; this information is taken from the public record. Renforth notes two cautions to the reader with regard to this information: (1) a grab sample is selective in nature and not reflective of the entirety of the lithology on the property, or the property itself; and (2) historic work is not to be unduly relied upon; while it is presumed the work was carried out in an acceptable and workmanlike manner by geoscientists there is no original material remaining for verification and the technology, assay methodology and certification standards have changed in the intervening years. The reference to historic work is for indicative purposes only.

Renforth acquired the nine staked claims that currently form the McCart property though an assignment of the claims, at no cost, and owns 100 per cent of the rights to the claims with no encumbrances. Renforth anticipates that these claims will be visited at some point in the fall of 2023 for initial prospecting work by Renforth.

The samples referred to above from November, 2022, was taken in the field by Brian H. Newton, PGeo, sealed and delivered via bonded courier to the facilities of ALS Canada Ltd. in Sudbury, Ont., where they were processed using service codes PGM-MS23L and ME-MS61 for assays of low-level platinum group metal elements and 48-element four-acid inductively coupled plasma digestion.

Technical disclosure in this press release has been reviewed and approved by Mr. Newton, PGeo, a qualified person pursuant to National Instrument 43-101.

About Renforth Resources Inc.

Renforth is a secure multicommodity 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.

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