(TheNewswire)
July 10, 2024 – TheNewswire – Pickering, ON - Renforth Resources Inc. (CSE– RFR) (OTCQB– RFHRF) (FSE-9RR) (“Renforth” or the “Company”) would like to adviseshareholders that financial assistance of up to a maximum of $262,500has been granted by the Ministère des Ressources naturelles et des Forêts (MRNF) as part of the fourth call for projects of the Programme de soutien àl'exploration minière pour les minéraux critiques etstratégiques (MCS). This program comes from the Plan québécois pour lavalorisation des MCS 2020-2025.
Renforth will contribute 50% of eligible expenses. Theproject aims to identify and study the metallurgical characteristicsof the Victoria mineralization, an approximately 20 km longpolymetallic nickel occurrence, the nearby Lalonde mineralization andother similar mineralization identified within the Malartic MetalsPackage property which has an area of ??approximately 300 squarekm and held by Renforth with exclusive rights. The purpose of thefinancial assistance is to design a processing flowsheet with aprocessing solution as part of a Materials Management Plan (MMP). Thework will be part of a future 43-101 resource assessment on Victoria.There are currently no declared resources in the ~2.5 km longquadrangle where approximately 10,000 m of drilling has beenconcentrated.
“Renforth acknowledges the MNRF’s proactive,forward-looking support to explore Victoria’s production potentialearly in the exploration cycle. The financial assistance from the MRNFis very important in the current financial environment and suchassistance is what makes possible the early stage metallurgical studywhich we have already started and for which we will keep shareholdersinformed in due course”, stated Nicole Brewster, President and CEOof Renforth.
"I would also like to extend, on behalf ofRenforth and its shareholders, our condolences to the family of JamesM Franklin PhD FRSC, P Geo on his recentpassing. Dr. Franklin identified the "Outokumpu" style ofmineralization present at Victoria based on his own unique explorationexperience, "Mr. VMS" was using geochemical information tovector on a possible VMS source for the Victoria mineralization. Thelimited exploration information for Victoria pre-dating Renforth,which Jim became aware of while the Chief Scientist for the CanadianGeological Survey, had lodged in Jim's files as an unusual andunexplained mineralized occurrence which he wanted to solve. Unfortunately Renforth, and our industry in general, has lost anotable geoscientist. We will continue to build on his work."
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. 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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