Renforth Sources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) (“ Renforth” or the “Firm”) wish to supply shareholders an replace on the standing of exploration at Surimeau for pegmatites, lithium and rare-earth components.
On account of our give attention to the extra superior, by each Renforth and traditionally, ~20km Victoria mineralized battery metals horizon and the ~9km of the longer Lalonde horizon we have now checked out to this point, we have now allotted solely a small quantity of our assets to the lithium/uncommon earths effort.
“Renforth has hardly checked out lithium at Surimeau, primarily as a result of our battery metals programs, mineralized beginning at floor, are the apparent, and the best, factor to “discover” and create worth for shareholders. Nonetheless, we do have pegmatites they usually should be correctly thought of, individually from Victoria and Lalonde, for not solely lithium potential but in addition uncommon earth components potential. So, we have now begun that course of prematurely of the summer time fieldwork season” states Nicole Brewster, President and CEO of Renforth.
In 2022 Renforth solely devoted a handful of area days to prospecting for lithium in a restricted space, this work was targeted solely on the pegmatites mapped by Metals Tech Lithium and famous within the SIGEOM database within the SW portion of the property. Along with sampling pegmatites Renforth has concluded, via sampling, that the Decelles Batholith, which varieties the southern portion of Surimeau, is a fertile batholith, which might have an space of affect of as much as 10km, a great portion of Surimeau to the north of the batholith. In consequence, Renforth considers many of the property potential for pegmatites, pegmatites have been famous as far north as Victoria and Lalonde.
Solely the world west of the Speedy 7 street and south of the Victoria mineralization was prospected, with accessible pegmatites and granites (points with snow, water, and lack of trails) visited and sampled. Sampling resulted in elevated lithium, caesium, rubidium, and tantalum at varied areas, typically inside the sediments close to to or in touch with pegmatites. This may very well be interpreted as both a “halo” impact because of the mobility of assorted components, or indicative of the presence of an unseen lithium bearing pegmatite. All the documented pegmatites had been visited and sampled, although this work covers solely a small share of the possible floor, “new” pegmatites had been additionally discovered and sampled. All samples taken had been seize samples, there was restricted assaying for uncommon earth components carried out, Renforth has since concluded that any future work with respect to lithium ought to embrace this. Assay values returned vary for every aspect as follows, for lithium background as much as 800ppm (a re-assay of a pattern which initially assayed 410 ppm), for caesium from background as much as 169ppm, rubidium from background as much as 1170ppm and tantalum from background as much as 149.5ppm. Not solely are seize samples, by their nature, not reflective of the entire, Renforth is assured that the exploration work we did do will not be complete, it was solely designed as preliminary prospecting. Summer season 2022 ended up being targeted on the floor battery metals (Ni, Co, Cu, Zn and Mo) mineralization discovered, then channeled, stripped, and channeled once more at Lalonde, lastly drilled in December 2022, with no comply with up on the early-stage lithium prospecting.
Pegmatites would be the focus of prospecting for Summer season 2023, it will embrace trying to find extra “new” pegmatites, together with mapping and sampling of recognized pegmatites and the sediments in proximity. At present, Renforth has commissioned a lithium focusing on report back to be generated by spectral evaluation of accessible satellite tv for pc knowledge, this may be executed throughout winter circumstances. As well as, we’re consulting with specialists in exploration methods for lithium and uncommon earth pegmatites to be able to develop a complete exploration plan for Surimeau utilizing finest practices and the newest information out there.
The map above exhibits the Decelles Batholith, which varieties the southern portion of the map, with the Pontiac sediments to the north, in addition to a 10km potential zone north of the batholith the place there’s potential for Li-bearing pegmatite dykes, this zone covers many of the property. Prospecting tracks to this point (each battery metals and lithium) are proven as white traces, displaying property protection.
Lalonde and Victoria Replace
Renforth is now receiving, in no explicit order, assay outcomes from the December 2022 drill program at Lalonde and Victoria. Outcomes will likely be publicly launched as soon as full. Renforth has submitted allow functions for Surimeau, particularly for the very western finish of the Victoria horizon. Upon receipt of permits drilling will likely be introduced.
Technical disclosure on this press launch has been reviewed and accepted by Francis R. Newton OGQ a “certified particular person” pursuant to NI 43-101.
For additional data please contact:
Renforth Sources Inc.
Nicole Brewster
President and Chief Govt Officer
C:416-818-1393
E: nicole@renforthresources.com
#Unit 1B – 955 Brock Street, Pickering ON L1W 2X9
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About Renforth
Renforth is concentrated on Quebec’s latest battery metals district, our wholly owned ~330 km 2 Surimeau District Property, which hosts a number of recognized areas of polymetallic “battery metals” mineralization, every with varied ranges of exploration, in addition to a big quantity of unexplored floor. Victoria West has been drilled over a strike size of two.2km, inside a 5km lengthy mineralized construction, proving nickel, copper, zinc and cobalt mineralization, within the western finish of a 20km magnetic anomaly. The Huston goal, throughout preliminary reconnaissance, resulted in a seize pattern grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. Moreover, the Lalonde, Surimeau and Colonie Targets are all polymetallic mineralized occurrences which, together with varied gold showings, comprise the areas of potential of this NSR free property.
Along with the Surimeau District battery metals property Renforth wholly owns the Parbec Gold deposit, a floor gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. In 2020/21 Renforth accomplished 15,569m of drilling which efficiently twinned sure historic holes, crammed in gaps within the useful resource mannequin with newly found gold mineralization and prolonged mineralization deeper. Primarily based upon the success of this vital drill program the Firm considers the spring 2020 MRE, with a useful 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 outdated. With the brand new knowledge gained Renforth will undertake to finish the primary ever structural examine of the mineralization at Parbec, in addition to further complete metallic assay work to be able to higher contextualize the nugget impact on the gold mineralization.
Renforth additionally holds the Nixon-Bartleman property, west of Timmins Ontario, with gold current on floor over a strike size of ~500m.
No securities regulatory authority has accepted or disapproved of the contents of this information launch.
Ahead Wanting Assertions
This information launch comprises forward-looking statements and knowledge beneath relevant securities legal guidelines. All statements, apart from statements of historic truth, are ahead trying. Ahead-looking statements are continuously recognized by such phrases as ‘could’, ‘will’, ‘plan’, ‘count on’, ‘consider’, ‘anticipate’, ‘estimate’, ‘intend’ and comparable phrases referring to future occasions and outcomes. Such statements and knowledge are based mostly on the present opinions and expectations of administration. All forward-looking data is inherently unsure and topic to quite a lot of assumptions, dangers and uncertainties, together with the speculative nature of mineral exploration and growth, fluctuating commodity costs, the dangers of acquiring needed approvals, licenses and permits and the provision of financing, as described in additional element within the Firm’s securities filings out there at www.sedar.com. Precise occasions or outcomes could differ materially from these projected within the forward-looking statements and the reader is cautioned towards putting undue reliance thereon. Ahead-looking data speaks solely as of the date on which it’s offered and the Firm assumes no obligation to revise or replace these forward-looking statements besides as required by relevant legislation.
