Ms. Nicole Brewster reports
RENFORTH EXPLORATION UPDATE FOR BATTERY METALS, LITHIUM AND GOLD
Renforth Resources Inc. has shared the following update on its upcoming project activities with shareholders.
Renforth will resume field operations this week at its 300-plus-square-kilometre
Surimeau district property in northwestern Quebec, working to advance its approximately six km long Victoria West polymetallic battery metals system as well as copper and lithium occurrences on the property as detailed below. At the same time, its Parbec gold deposit is currently the focus of the structural geology group Renforth has retained to do the first-ever structural study of this property which straddles 1.8 km of the Cadillac-Larder Lake fault zone, with a surface gold resource identified over a portion of that distance, which also encompasses Renforth's discovery of a splay of the break into the Pontiac sediments to the south of the Cadillac break.
Surimeau district property
1 -- Renforth's 912 line km airborne mag and EM (electromagnetic) survey will commence flying later this week. The flight lines will cover the approximately six km strike of Victoria West, the Colonie showing in the east and the unexplored approximately 14 km between the two mineralized areas which are joined by the approximately 20 km long magnetic anomaly. In addition, flight lines will extend to the north to include the LaLonde area, where polymetallic mineralization has been drilled historically over a strike length of approximately two km, verified by Renforth's own surface sampling. Upon completion of the survey, the data will be compiled and interpreted as part of the target selection process for the next round of drilling, likely to commence in March. At this time the assay results for six of the seven holes drilled prior to Christmas are still outstanding, those results will be released once they are all received.
2 -- The northern part of the Surimeau district property, formerly referred to as Malartic West, hosts a copper/silver discovery made with an 8.08 per cent Cu grab sample in 2018 (refer to press release of Sept. 4, 2019); this is now a surface exposure of approximately 165 metres of copper and silver sampling. Please note that grab samples are preferentially selected and not illustrative of the whole of the mineralized system. In order to continue exploration on this discovery several test lines of induced polarization will be run over the known mineralization and stepping out from it in order to guide future exploration, likely to consist of limited stripping.
3 -- The Surimeau district property hosts numerous pegmatites, several identified by Renforth's own geological team in the field and historically documented. In several instances lithium is also present in the same location. To date Renforth has not focused on lithium at Surimeau, instead the polymetallic battery metals package of nickel, cobalt, copper, zinc, platinum and palladium which is present in six known areas of the property have been the focus, specifically at Victoria West. Renforth is now broadening its exploration efforts on this vast property to include lithium. In order to do this, it will first reassess samples which it has on hand that returned above-background lithium values as part of its standard testing of samples. Several of these samples, including from the north of the property and the Victoria West area, will be assayed with a lithium specific assay package. In conjunction with Aline Leclerc, OGQ, one of Renforth's technical directors, the company's geological team is planning a prospecting campaign. It is anticipated that this will include returning to the northern part of Surimeau where Renforth noted the presence of pegmatites and samples returned lithium, as well as to the south of the property where pegmatites were noted in the field and are documented historically, within or in proximity to the Decelles batholith, which have not been sampled. It is anticipated this work will take place in the spring.
Technical disclosure in this press release has been reviewed and approved by
Francis R. Newton, PGeo (OGQ No. 2129), a qualified person pursuant to National Instrument 43-101.
About Renforth Resources Inc.
Renforth wholly owns the approximately 260-square-kilometre
Surimeau district property, which hosts numerous areas of polymetallic and gold mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. Victoria West has been drilled over a strike length of 2.2 km, within a five km long mineralized structure, proving nickel, copper, zinc and cobalt mineralization, in the western end of a 20 km magnetic anomaly. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9 per cent Ni, 1.38 per cent Cu, 1,170 parts per million Co and four grams per tonne Ag. In addition to this the Lalonde, Surimeau and Colonie Targets are all polymetallic mineralized occurrences which, along with various gold showings, comprise the areas of potential of this net smelter return-free property.
In addition to the Surimeau district battery metals property Renforth wholly owns the Parbec gold deposit, a surface gold deposit contiguous to the Canadian Malartic mine property in Malartic, Que. In 2020/2021 Renforth completed 15,569 m of drilling which successfully twinned certain historic holes, filled in gaps in the resource model with newly discovered gold mineralization and extended mineralization deeper. Based upon the success of this significant drill program the company considers the spring 2020 mineral resource estimate, with a resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au, to be out of date. With the new data gained Renforth will undertake to complete the first-ever structural study of the mineralization at Parbec, as well as additional total metallic assay work in order to better contextualize the nugget effect on the gold mineralization.
Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins, Ont., with gold present on surface over a strike length of approximately 500 m.
We seek Safe Harbor.
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