(TheNewswire)
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Drill program is an infill programalong 2.2km of strike which hosted historic pits, Renforth's strippingand prior drill programs of the surface nickel, cobalt, copper, zinc,silver and gold mineralization.
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Renforth has completed Beauprécopper discovery stripping in the NE of the ~330 sq. km Surimeauproperty, sulphides are visible on surface.
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Renforth completed follow upprospecting on several of Dr. Julie Selway's pegmatite targetsprospective for spodumene, samples have been submitted forassay.
Pickering ON – TheNewswire - November 7th, 2023 - Renforth ResourcesInc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) (“Renforth” or the “Company”) would like to informshareholders that the Fall 2023 drill program on Renforth's whollyowned 330 sq. km. Surimeau property has begun, focused on ~2km ofmineralized strike in the central portion of the ~20km long Victoriamineralized structure.
Renforth interprets the Victoria Mineralized Horizon,which stretches ~20km west to east across the central portion of the~330 sq. km. Surimeau property, to be an "Outokumpu" stylemineralized occurrence, commencing on surface to the deepest piercepoint drilled to date, ~160m vertical depth. Outokumpu refers to amining district in eastern Finland where several similar deposits havebeen mined since the early 1900's. Outokumpu-type deposits occur in close association withultramafic rocks where mineralization occurs as a result of structuraljuxtaposition between magmatic Ni-Cu-(PGM) and stratabound, syngeneticZn-Cu VMS-type sulfides.
The Outokumpu-type assemblage found at Surimeaugenerally consists of carbonate rock, calc-silicates, and serpentinitein close contact with bands of graphitic mudstones that are generallyless than 5 meters in thickness. Structural repetition is evident indrill core where in certain cases there are multiple repeatedsequences. Mineralization at Surimeau consists primarily ofdisseminated sulfides, hosted in carbonatized, albitized andsilicified rocks at the sheared contacts between serpentinite andgraphitic mudstones, and within the mudstones themselves, consistingof varying levels of Ni, Cu, Co, Zn and anomalous PGE’s.
With this drill program Renforth plans to drillapproximately 4000m in a series of drillholes designed to undercutprevious mineralization, to infill the spacing along the 2.2 km ofstrike currently defined in the main Victoria area to approximately100m between drillholes in order to support a maiden 43-101 MREcalculation, and to collar additional holes in the north (drilledsouth as the mineralization dips north) in order to intersect the 3mineralized repetitions identified to date.
About Renforth
Renforth is a battery metals 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 togold, 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 thebattery metals mineralization at Surimeau and our gold deposit atParbec are road accessible, with hydro power crossing the properties,in an established and secure mining jurisdiction which regularly ranksas Top 10 (as determined by the Fraser Institute) in the world.
Renforth is engaged in the active exploration of theproven Surimeau battery metals mineralization, working towards amaiden resource statement, and the remodeling of our Parbec golddeposit to incorporate the ~15,000m drilled subsequent to the 2019effective date of the last MRE.
Technical disclosure in this press release has beenreviewed and approved by Francis R. Newton PGeo, OGQ 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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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. Suchstatements and information are based on the current opinions andexpectations of management. All forward-looking information isinherently uncertain and subject to a variety of assumptions, risksand uncertainties, including the speculative nature of mineralexploration and development, fluctuating commodity prices, the risksof obtaining necessary approvals, licenses and permits and theavailability of financing, as described in more detail in theCompany’s securities filings available at www.sedar.com. Actualevents or results may differ materially from those projected in theforward-looking statements and the reader is cautioned against placingundue reliance thereon. Forward-looking information speaks only as ofthe date on which it is provided, and the Company assumes noobligation to revise or update these forward-looking statements exceptas required by applicable law.
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