Renforth Resources Reports Systematic Platinum and Palladium Sampling Results at Victoria Deposit, Confirms Deposit-Wide Presence of PGMs in Ultramafic Horizon
(TheNewswire)
Pickering, Ontario — TheNewswire - March 11, 2026 — Renforth ResourcesInc. (CSE: RFR | OTC: RFHRF | FSE: 9RR)("Renforth" or the "Company") is pleased to reportresults from a systematic platinum group metal ("PGM")sampling program conducted on existing drill core from the Victoriapolymetallic deposit, located on the Company's wholly-ownedMalartic Metals Package property near Malartic, Québec.
Following the declaration of an initial InferredMineral Resource Estimate ("MRE") for the Victoria open pitpolymetallic deposit in November 2025 (NI 43-101 Technical Report,P&E Mining Consultants Inc., Report 482, effective September 26,2025), Renforth undertook a systematic re-sampling program targetingplatinum (Pt) and palladium (Pd) across a cross-section of thedeposit. The program was designed to establish whether PGM presence,previously confirmed on a limited basis in several small samplingprograms, is a consistent characteristic of the Victoria ultramaficmineralization at a scale sufficient to support inclusion in a futureupdated MRE.
A total of 99 samples were selected from existinghalf-core across 9 drill holes spanning the sampled 2.5 km strikelength of the deposit. Samples were submitted to MSA Labs for PGManalysis. All sampling was conducted under the supervision of FrancisNewton P.Geo OGQ who acts as the Qualified Person for thisrelease.
Of the 99 samples submitted, 90 returned detectable combined Pt+Pdvalues (91% detection rate). Results aresummarised as follows:
Metal | Min (g/t) | Max (g/t) | Mean (g/t) |
Pd | <0.002 | 0.020 | 0.013 |
Pt | <0.005 | 0.033 | 0.014 |
Pd+Pt | <0.002 | 0.047 | 0.026 |
Platinum is the dominant PGM in the majority ofsamples. Palladium is present at lower but broadly consistent levelsacross the sampled intervals.
A positive correlation was observed between combinedPd+Pt values and nickel grade across the sample population, consistentwith PGMs being hosted within the pentlandite-bearing ultramaficmineralization that constitutes the nickel-dominant horizon of theVictoria deposit. Samples returning Pd+Pt values at or above thedataset mean were predominantly associated with nickel grades above1,500 ppm (0.15%).
Selected higher-value results include:
Hole | From (m) | To (m) | Length (m) | Pd (g/t) | Pt (g/t) | Pd+Pt (g/t) | Ni (ppm) |
SUR-21-26 | 46.55 | 48.00 | 1.45 | 0.032 | 0.016 | 0.048 | 2,370 |
SUR-21-20 | 85.50 | 87.00 | 1.50 | 0.019 | 0.023 | 0.042 | 2,880 |
SUR-21-20 | 94.50 | 96.00 | 1.50 | 0.017 | 0.020 | 0.037 | 2,530 |
SUR-21-23 | 55.00 | 56.00 | 1.00 | 0.022 | 0.015 | 0.037 | 2,290 |
SUR-21-20 | 103.50 | 105.00 | 1.50 | 0.017 | 0.016 | 0.033 | 2,270 |
SUR-21-20 | 109.50 | 111.00 | 1.50 | 0.015 | 0.014 | 0.029 | 2,530 |
SUR-21-20 | 100.50 | 102.00 | 1.50 | 0.016 | 0.012 | 0.028 | 2,340 |
Intervals are as measured in thecore box and do not represent true widths. The relationship betweensample width and true width has not been established.
The Victoria deposit is hosted within a package ofinterlayered ultramafic and black shale units forming a polymetallicsulphide system approximately 20 km in strike length, of which 2.5 kmis within the MRE. The current MRE (Inferred, pit-constrained)comprises 125 Mt at 0.12% Ni, 0.02% Cu, 0.01% Co, 0.08% Zn, and 0.38g/t Ag (0.15% NiEq) containing 413 Mlbs NiEq.
The near-universal detection of Pt and Pd across 90 of99 samples from the ultramafic horizon, combined with the observedpositive correlation with nickel grade, confirms that PGM presence isa deposit-wide characteristic of the Victoria mineralization ratherthan an isolated occurrence. This is consistent with Outokumpu-stylepolymetallic sulphide systems, the geological analogue for theVictoria deposit, in which PGMs are typically hosted in associationwith pentlandite-bearing ultramafic rocks.
Platinum and palladium are hosted in the sameultramafic horizon as the nickel and cobalt mineralization. This meansthat in any future processing scenario, PGMs would report to the sameconcentrate stream as the nickel sulphide fraction, with norequirement for a separate mining or processing circuit.
The results of this program will be incorporated intothe database in support of a future updated MRE for the Victoriadeposit. An updated MRE is anticipated following completion ofadditional drilling, including a previously announced planned 1,000 mdrill program, for which permitting is currently underway.
Renforth's recommended next-phase work program forVictoria, as outlined in the November 2025 NI 43-101 Technical Report,includes comprehensive Pt and Pd testing to support inclusion of PGMsin the updated resource estimate. This program, in conjunction withlimited prior work, meets that requirement.
Platinum and palladium are designated critical mineralsby Canada, the United States, and multiple allied nations, reflectingtheir strategic importance across defence electronics, fuel celltechnology, catalytic applications, and advanced manufacturing. Globalpalladium supply is heavily concentrated in Russia and South Africa;global platinum supply is similarly concentrated. The Victoriadeposit, located in Québec, Canada, represents a 100%-Canadian-owned,allied-jurisdiction source of multiple critical minerals — nickel,cobalt, copper, zinc, and now confirmed PGMs — within a single,contiguous mineral system.
The Company notes that no economic analysis of PGMrecovery has been completed, and PGM grades at Victoria are lowrelative to primary PGM deposits. The significance of these resultslies in the consistency of PGM presence across the deposit and thepotential for PGMs to contribute as byproduct credits in any futureeconomic assessment of the Victoria deposit.
Francis Newton P.Geo OGQ is an independent “QualifiedPerson” as defined by National Instrument 43-101 — Standards of Disclosure for MineralProjects, has reviewed and approved thetechnical content of this press release.
Quality Assurance / Quality Control
Samples were selected in the field by Francis NewtonP.Geo OGQ, bagged, tagged and securely sealed. They were personallydelivered to MSA labs in Val d’Or where they underwent fire assayfor PGMs testing. QA/QC protocols were implemented in the standardmanner by the laboratory.
Renforth Resources Inc. is a Canadian mineralexploration company focused on the development of critical mineralsand gold assets in the Province of Québec. The Company'sprincipal assets are the Victoria polymetallicNi-Co-Cu-Zn-Ag-Au-PGM deposit and the Parbec gold deposit, bothlocated near Malartic, Québec, in one of Canada's premier miningjurisdictions.
For further information, pleasecontact:
Nicole Brewster, President & CEO Renforth ResourcesInc. Tel: (416) 818-1393 Email: Nicole@renforthresources.comWebsite: www.renforthresources.com
Renforth Resources Inc. Unit 1B, 955 Brock Road Pickering, Ontario L1W 2X9
CSE: RFR | OTC: RFHRF | FSE: 9RR
This press release containsforward-looking statements. Forward-looking statements involve knownand unknown risks, uncertainties and other factors which may cause theactual results, performance or achievements of Renforth to bematerially different from any future results, performances orachievements expressed or implied by the forward-looking statements.Readers are cautioned not to place undue reliance on theseforward-looking statements, which speak only as of the date of thispress release. Renforth disclaims any obligation to update any suchfactors or to publicly announce the result of any revision to any ofthe forward-looking statements contained herein to reflect futureevents or developments.
Neither the Canadian SecuritiesExchange nor its Regulation Services Provider (as that term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this pressrelease.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRESERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Copyright (c) 2026 TheNewswire - All rights reserved.
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