23:47:31 EDT Mon 29 Apr 2024
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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 251,296,669
Close 2023-11-21 C$ 0.025
Market Cap C$ 6,282,417
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Renforth completes six drill holes at Surimeau

2023-11-22 10:39 ET - News Release

Ms. Nicole Brewster reports

DRILLING ON VICTORIA BATTERY METALS SYSTEM CONSISTENTLY INTERSECTS MINERALIZED HORIZON

Renforth Resources Inc. has updated shareholders on the continuing drill program on the Victoria mineralized system which stretches over approximately 20 kilometres of strike length across the centre of the company's wholly owned 330 square km Surimeau property located near Malartic, Que. Six drill holes have been completed as of Nov. 21, 2023, in slightly more than 1,800 m of drilling, with the seventh hole currently under way, with each drill hole consistently intersecting the mineralized package as anticipated. It is anticipated that this program will consist of approximately 4,000 m of drilling.

This drill program is designed to infill and undercut a portion of the Victoria mineralized structure, approximately two km of strike length from the road to the west, in an effort to tighten the drill pattern sufficiently to allow the calculation of an initial maiden resource in 2024.

"We are focused on establishing a maiden resource, concentrating our efforts in the area where we first started work, and have done the most work. Of course we do not know if we are in the best place on the structure, but we are in a place where the mineralization, which starts at surface, has been identified as Outokumpu-style and inspired our intent to emulate the Talvivaara mine in Finland and its sustainable, low-impact production of battery chemicals. To date, the drill program is delivering positive results based upon visual mineralization in the core, moving us toward our ultimate goal. Importantly, the mineralized package is lining up on strike and down dip with adjacent drilling, welcome consistency," states Nicole Brewster, president and chief executive officer of Renforth.

Renforth webinar

Renforth is hosting a webinar where Ms. Brewster, president and CEO, will present an overview of Renforth to interested viewers on Thursday, Nov. 23, at 7 p.m. There is no cost to attend; upon registration on-line, a link will be sent.

About Renforth Resources Inc.

Renforth is a battery metals 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.

Renforth's position is unique in that the both the battery metals mineralization at Surimeau and its gold deposit at Parbec are road-accessible, with hydro power crossing the properties, in an established and secure mining jurisdiction which regularly ranks as top 10 (as determined by the Fraser Institute) in the world.

Renforth is engaged in the active exploration of the proven Surimeau battery metals mineralization, working toward a maiden resource statement, and the remodelling of its Parbec gold deposit to incorporate the approximately 15,000 m drilled subsequent to the 2019 effective date of the last mineral resource estimate.

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.

We seek Safe Harbor.

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