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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 251,296,669
Close 2023-12-08 C$ 0.025
Market Cap C$ 6,282,417
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Renforth samples up to 2,230 ppm Ni at McCart

2023-12-11 11:06 ET - News Release

Ms. Nicole Brewster reports

MCCART YIELDS ONTARIO SURFACE NICKEL NUMBERS, END OF LAST HOLE ON VICTORIA IN QUEBEC SURPRISES WITH UNEXPECTED MINERALIZED OCCURRENCES

Renforth Resources Inc. has provided an update to shareholders on successful recent nickel prospecting on the McCart property, near Iroquois Falls, Ont., and the unexpected, mineralized occurrences at the very end of the last drill hole on Victoria.

McCart sampling program results

The McCart claims lie atop a thick ultramafic sequence. The large, broad ridges expose komatiites, peridotites and dunites, and run approximately northeast-southwest. Pillowed basalts are exposed in the southeastern area of the property. The ridge in the northern part of the property contains numerous blasted pits and trenches in a broad area along and across the northern property boundary. Additional blasted trenches and pits were found in the southeastern corner of the property as well. Samples taken during the fall 2023 prospecting program consisted primarily of ultramafic and mafic units with very fine sulphide mineralization. Twenty-eight samples were taken during the program, of which 10 samples returned assay values greater than 1,000 parts per million nickel. Five samples were in the range of 1,700 and 2,230 ppm Ni, with 2,230 ppm Ni from sample M007452 being the highest assay value of this program.

Victoria drill program final hole

The last hole drilled at Victoria was continued, in typical fashion, to the sedimentary contact at the bottom of the hole. As the three mineralized horizons had already been intersected, undercutting, and continuing the mineralization encountered in the prior, shallower, hole SUR-23-56 down dip, there was little expectation of the end of this hole.

Two additional mineralized occurrences were found at the end of hole SUR-23-57 in two forms. The first is within the typical blue/green ultramafics, which as deep as 373 metres down the hole included dark grey-black bands of graphite and magnetite which returned mineralized values in X-ray fluorescence testing. The second occurrence is a zone of very intense carbonate-plagioclase alteration and recrystallization from 296.6 to 300.15 m, only seen once before in any of Renforth's drilling at Victoria in SUR-21-16, significantly east of this hole.

"Ending our program with bonus mineralization at the end of the hole is of course exciting, but also illustrates that we have not yet defined what Victoria is, it keeps getting better. We look forward to our assays coming back in the new year and planning our next work on this exciting, large-scale mineralized property that keeps on growing. The potential we see on our 100-per-cent-owned, 20-kilometre-long Victoria mineralized structure is significant," states Nicole Brewster, president and chief executive officer of Renforth.

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 remodeling of its Parbec gold deposit to incorporate the approximately 15,000 metres 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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