21:02:18 EDT Mon 29 Apr 2024
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USA
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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 340,736,118
Close 2024-04-01 C$ 0.02
Market Cap C$ 6,814,722
Recent Sedar Documents

Renforth identifies Au, Pt, Pd in Victoria drill core

2024-04-02 10:35 ET - News Release

Ms. Nicole Brewster reports

RENFORTH CONFIRMS GOLD, PLATINUM AND PALLADIUM WITHIN VICTORIA BATTERY METALS DRILL CORE

Renforth Resources Inc. has successfully completed initial gold, platinum and palladium assay testing on drill core from its Victoria multimetals zone, the positive results obtained in each sample result in a notable increase to the nickel equivalent and/or zinc equivalent values in each case. Based upon this success Au/Pt/Pd testing will be continued at Victoria in various locations and lithologies on a continuing basis to form a better understanding of the PGE (platinum group element) mineralization.

The gold, platinum and palladium values from the assays, presented herein, were added to the previously disclosed (Feb. 14, 2024) assay results for each sample; however, three samples assayed for gold, platinum and palladium were taken across existing sample boundaries. These samples are included in the chart but they have no original equivalent values presented.

The presence of gold, platinum and palladium in the samples results in a positive increase and a notable enhancement on the overall grade of each sample.

"This news is shared because it adds value to our approximately 20-kilometre Victoria structure on our wholly owned Malartic metals package property in Quebec. This proves our assumption that Au/Pt/Pd were in the Victoria multimetals zone mineralized system, based on our prior testing for Au/Pt/Pd carried out on surface grab samples. We will continue to test to Au/Pt/Pd at Victoria, across the entire mineralized package and in various lithologies. These metals are very valuable and, as presented above, a small amount can make a positive difference to the overall value of the mineralized material," states Nicole Brewster, president and chief executive officer of Renforth.

Qualified person

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.

Technical information

Samples referenced above were selected from witness core securely stored at the company's core yard in Val d'Or, Que., bagged and sealed in the core yard and securely transported to the facilities of ALS Laboratories in Val d'Or, where they were submitted for low-level PGM -- fire assay inductively coupled plasma mass spectrometry assay for Au, Pt and Pd using PGM-MS23L.

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 within the Malartic metals package (MMP) 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 MMP battery metals mineralization, working toward a maiden resource statement, and the remodeling of its Parbec gold deposit to incorporate the approximately 15,000-metre drilled subsequent to the 2019 effective date of the last mineral resource estimate.

We seek Safe Harbor.

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