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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 251,296,669
Close 2023-08-16 C$ 0.015
Market Cap C$ 3,769,450
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Renforth resumes exploration work at Surimeau

2023-08-16 09:58 ET - News Release

Ms. Nicole Brewster reports

RENFORTH RESUME FIELD OPERATIONS ON SURIMEAU BATTERY METALS PROPERTY IN QUEBEC

Renforth Resources Inc. has resumed field exploration operations have resumed at its 330-square-kilometre Surimeau battery metals property located in Quebec's Abitibi. Initially, the company's geologists are focused on following up on numerous initial exploration targets developed earlier this summer as detailed herein, the company will provide updates on the prospecting program as appropriate.

Highlights:

  • Prospecting unexplored lithium, nickel and zinc occurrences identified in historic and government soil surveys located near or within the Decelles batholith in the south of the property, the approximately 20-kilometre-long Victoria mineralized structure in the centre of the property and the Beaupre copper discovery in the northern part of the property;
  • Prospecting 11 anomalies (A to K) identified by Dr. Julie Selway, PGeo, of JJ Minerals Inc. based on elevated lithium, rubidium, cesium, beryllium, niobium, tantalum and tin contents in samples taken by Renforth geologists in summer 2022 prospecting program (refer to press release of May 31, 2023, for report details); in November, 2022, Renforth requested Dr. Selway and JJ Minerals to give an opinion on the lithium potential of Surimeau and conduct a review of the company's summer 2022 prospecting program;
  • Renforth will also be targeting outcrop identified through satellite imagery and prospecting other exploration targets, including the fertile Decelles batholith and other high-priority anomalies and pegmatites.

"I am very happy to be able to finally announce the return of field operations on one of our two core properties (the other core asset being our Parbec gold deposit). Unfortunately, fires in the first half of the summer, along with our crews having to take other work when we were delayed, has made this start much later than envisioned. However, we are going to make good use of this window of time generating information which will help in planning the next steps in different areas of the property, likely to include stripping and drilling, based in part on the results of this work," stated Nicole Brewster, president and chief executive officer of Renforth.

Technical disclosure in this press release has been reviewed and approved by Francis R. Newton, PGeo, OGQ, 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-kilometre 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 that 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 that hosts numerous mines along its extent, including one of Canada's most lucrative gold mines, the known 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).

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