(TheNewswire)
June 27 th , 2023 – TheNewswire – Pickering,Ontario - Renforth ResourcesInc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) (“Renforth” or the “Company”) would liketo inform shareholders that the mineralized McCart Nickel Property,located approximately 15 km west of Iroquois Falls, Ontario, alongHighway 11, has been added to Renforth's Ontario exploration propertyportfolio.
About McCart
Historic work on the McCart Property is recorded asearly as 1917 with the documentation of nickel on the property. Lessthan a dozen recorded exploration programs between the firstdocumented in 1917 and the present day have occurred, however, theycontinued to define nickel occurrences, with the result that a strikelength of approximately 600m, limited only by a lack of outcrop, hasbeen outlined consisting of nickel mineralization controlled by thebasalt contact of the intrusive body where dunite lies in shearedcontact with the komatiitic volcanics. Currently the main sulphidiczone has been outlined as 3-4m wide on surface, consisting ofdisseminated and net-textured pyyrhotite with minor chalcopyrite andpentlandite. In addition to this a historic trench on the propertyexposes graphitic mudstones with traces of albitization and oxidation,there is also a large body of unrecorded and unexplored felsicvolcanics present to the south on the property.
Grab samples taken in a brief property visit inNovember 2022 confirmed the presence of nickel on the property with ahigh grab of 0.236% Ni taken from a historic trench showing 10-15%pyyrhotite, this sample was proximal to a historic result of 4,100ppmNi from prospecting and thin section work completed by Cunnison &Pyke between 1991-93, this information is taken from the publicrecord. Renforth notes two cautions to the reader with regard tothis information (1) a grab sample is selective in nature and notreflective of the entirety of the lithology on the property, or theproperty itself, and (2) historic work is not to be unduly reliedupon, while it is presumed the work was carried out in an acceptableand workmanlike manner by geoscientists there is no original materialremaining for verification and the technology, assay methodology andcertification standards have changed in the intervening years. Thereference to historic work is for indicative purposes only.
Renforth acquired the 9 staked claims that currentlyform the McCart property though an assignment of the claims, at nocost, and own 100% of the rights to the claims with no encumbrances. Renforth anticipates that these claims will be visited at some pointin the Fall of 2023 for initial prospecting work by Renforth.
The sample referred to above from November 2022 wastaken in the field by Brian H. Newton P. Geo, sealed and delivered viabonded courier to the facilities of ALS Canada Ltd. in Sudbury,Ontario where they were processed using service codes PGM-MS23L andME-MS61 for assays of low level pgm elements and 48 element four acidICP digestion.
Technical disclosure in this press release has beenreviewed and approved by Brian H. Newton PGeo, a “qualifiedperson” pursuant to NI 43-101.
For further information please contact:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
C:416-818-1393
E: nicole@renforthresources.com
#Unit 1B – 955 Brock Road, Pickering ON L1W2X9
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About Renforth
Renforth is a secure multi-commodity area play with thedominant brownfield land position south of the world classCadillac-Larder Lake Fault ("CLLF") in the prolific Cadillacand Malartic mining camps of Quebec's Abitibi. Offering exposure to gold, zinc, nickel, copper, cobalt andmore, including lithium, Renforth's land position encompasses severalareas of interest. In the more than 300 square kilometres Renforthholds, there are both resources and mineralized ground undergoingexploration to extend zones and define the amount of metal instructures.
Renforth's position is unique in that the ground isroad accessible, has hydro power in place and is in an established andsecure mining jurisdiction which regularly ranks as Top 10 (asdetermined by the Fraser Institute) in the world.
The CLLF, which extends from west of Kirkland Lake inOntario to east of Val d'Or in Quebec is a regional first order faultwhich hosts numerous mines along its extent, including one of Canada'smost lucrative gold mines, the know historic O'Brien Mine which formedthe Cadillac Mining Camp, and Renforth's Parbec gold deposit nearMalartic. Now, immediately north of Renforth's landholdings is oneof the few instances of the CLLF being mined on its north side withNorth America's deepest single stage shaft, the Penna shaft, at AgnicoEagle's LaRonde Mine. Renforth holds the dominant land position in theCadillac Camp south of the fault, and a good portion of the landposition in the Malartic camp as well, contiguous to one of the fewmines operating on the south side of the Cadillac Break, the CanadianMalartic Mine. Renforth's landholdings in the area host gold andsilver as well as a host of future facing, or battery, metals such asnickel, copper, zinc, cobalt, and lithium.
No securities regulatory authorityhas approved or disapproved of the contents of this newsrelease.
Forward Looking Statements
This news release contains forward-looking statementsand information under applicable securities laws. All statements,other than statements of historical fact, are forward looking.Forward-looking statements are frequently identified by such words as‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’,‘anticipate’, ‘estimate’, ‘intend’ and similar wordsreferring to future events and results. Such statements andinformation are based on the current opinions and expectations ofmanagement. All forward-looking information is inherently uncertainand subject to a variety of assumptions, risks, and uncertainties,including the speculative nature of mineral exploration anddevelopment, fluctuating commodity prices, the risks of obtainingnecessary approvals, licenses and permits and the availability offinancing, as described in more detail in the Company’s securitiesfilings available at www.sedar.com. Actual events or results maydiffer materially from those projected in the forward-lookingstatements and the reader is cautioned against placing undue reliancethereon. Forward-looking information speaks only as of the date onwhich it is provided, and the Company assumes no obligation to reviseor update these forward-looking statements except as required byapplicable law.
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