Positive Drill Results Advance Renforth's Surimeau Nickel Polymetallic Battery Metals Property in Quebec
February 15, 2023 CSE: RFR
For Immediate Release OTCQB: RFHRF
Positive Drill Results Advance Renforth's Surimeau Nickel Polymetallic Battery Metals Property in Quebec
• Gold has been intersected in drilling at Victoria, these first occurrence intersections demonstrate
gold is present within the ~20km long mineralized system at Victoria
• Lalonde has been confirmed as a mineralized system with drill results similar to surface results,
Surimeau hosts two battery metals systems with open pit potential
• A third band of mineralization was intersected at Victoria in the December drilling. This is
interpreted as the northern mineralization splitting, as noted below
Renforth Resources Inc. (CSE – RFR) (OTCQB– RFHRF) (FSE-9RR) (“Renforth” or the “Company”) would like to
offer shareholders an update and our current interpretation of the >29kms of battery mineralization at our
wholly owned Surimeau District Project located near the town of Malartic Quebec and adjacent to the Canadian
Malartic Mine.
"Our successful December drill program effectively confirmed two mineralized systems on this property.
Surimeau is still relatively underexplored, both within the 29km of surface battery metals mineralization, and
outside of those two systems where we have a copper discovery in the NE part of the property, pegmatit es in
the southern part of the property, and the presence of lithium, to date in the sediments, with a big question
mark as to what that could mean. Our priority is the two battery metals mineralized zones, which start at
surface and have only been shallowly explored to date. Located as we are with renewable electricity, road
access in an established mining camp, contiguous to Canada's largest open pit gold mine in one of the best
mining jurisdictions in the world, it is exciting to contemplate a potential open pit in the future with every cost
advantage one could desire, we are working towards that vision " states Nicole Brewster, President and CEO of
Renforth.
Victoria and Lalonde Mineralization Model
Renforth has begun developing a mineralization model, presented as follows. There is little historic information
available as Renforth executes the first modern, systematic exploration on this large-scale property to define
the extent of the two surface nickel sulphide polymetallic mineralization over ~29kms in length.
Two trends of between 250 - 500 m thickness run sinusoidally east-west across the central portion of the
property, Victoria and Lalonde. Various exploration activities have confirmed strike lengths of 20 km and 9 km
respectively. These trends primarily consist of mafic and ultramafics flo ws intercalated with graphitic
mudstones, albite shears and calc-silicate rocks. The mafics are a dark green picrite with numerous quartz-albite
and quartz-carbonate veinlets and stringers, these display extrusion textures like pillows and are unmineralized.
The ultramafics and calc-silicates host most of the higher-grade Ni and Co mineralization within the structures,
the graphitic mudstones and albite shear host most of the higher-grade Zn and Cu mineralization as sphalerite
and chalcopyrite respectively.
Some of the ultramafic bodies may in fact be komatiite flows, these komatiite flows at Surimeau consist of light
green strongly serpentinized and biotitized flow top breccias. This flow top phase is usually unmineralized and is
followed by a basal komatiite consisting of massive blue-grey-greenish base flow containing magnetite
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cumulates (previously mis-identified as xenoliths) and occasional spinifex textures. This basal komatiite hosts
the strongest Ni mineralization as pyrrhotite and pentlandite and forms a gradual contact with the calc -silicates.
The calc-silicates are characterized by the presence of strong albitization, Cr-diopsides and stronger
mineralization.
Bands of albite-shears, characterized by coarse radiating actinolite needles, are seen within the ultramafics. The
albite shear hosts the strongest Zn and Cu mineralization on the property as sphalerite and chalcopyrite
respectively. Wide (5-10 m) exposures of the albite shear is seen in the “Main-Trench” at Victoria. Intercalating
bands of graphitic mudstones host coarse blebs of pyrrhotite, sphalerite and occasional stringers and smaller
blebs of chalcopyrite. The graphitic mudstones mostly host higher grade Zn, Cu and relatively lower grades of
Ni.
As Renforth generates more data on these two mineralized systems the mineralization model may change,
presently the two systems are interpreted as two arms of a fold, the fold nose is located off the property and to
the east.
December Results
Renforth's first drilling at Lalonde delivered grades and widths which justify additional future exploration.
These include SUR-22-34 which gave 26.7m of 0.21% Ni and 159ppm Co, this included 1m of 0.41% Ni. In
addition, this hole gave interesting grades of other metals, including 52.75m of 0.45 g/t Ag, a large -scale
intercept, albeit at a relatively low grade it is indicative of a silver endowed zone within the mineralization,
occurring with, in this hole, Zinc including 1.1m of 1.10%. Renforth interprets this as stringers for a VMS system,
we are working with an expert to vector in on a concentration of that mineralization. At Victoria our drilling, in
addition to proving a third band of mineralization and growing the scale of that system, gave us results which
included 13.10m of 0.17% Ni, followed by 8.8m of 1.87% Zn in SUR-22-37, which also assayed for a significant
amount of copper (relative to other Victoria drill holes), this included 4.7m of 0.13% Cu furthe r down the hole.
Alongside these numbers Renforth has noticed the presence of manganese in this round of drilling at both
Lalonde and Victoria, SUR-22-37 gave 10.15m of 0.21% Mn, we now have to look at our prior drilling for Mn
results. In addition to uses in stainless steel production, like zinc, manganese now has application in NMC and
LMO batteries for EV production and will now be tracked at Surimeau. Lastly, the appearance of gold, alongside
silver, at Victoria, with 2.5m of 0.55 g/t Au in SUR-22-37, is indicative, and typical, within a VMS system. Drilling
into a previously untested anomaly at Victoria gave us our first gold intersections at Surimeau.
"At Surimeau we are seeing mineralized systems with significant footprints, 20 and 9 kilometres ar e long
distances, currently we are seeing low grades, however, these are grades that are in the context of current and
historic polymetallic mining operations, like Terrafame's Talvivaara open pit heap leach operation in Finland, or
Outokumpu in eastern Finland (as cited by Dr. Franklin). The fact that mines like those, large scale and low
grade, north of the Artic Circle, can operate gives us the motivation and validation we need to continue to
define the extent of mineralization at Surimeau. We are also located next door to an open pit, that sets a
precedent for what is possible on our uninhabited property with road access and hydro -electric power on the
property. We have our work cut out for us, however, we see it as valid based on examples and our logistical
cost advantages, as well as the macro situation for the various metals at Surimeau, especially nickel." states
Nicole Brewster, President and CEO of Renforth.
Lalonde System, Central Area
Renforth completed its first drilling program at Lalonde in December 2022. Lalonde is the northern of the two
battery metals mineralized systems currently identified within Renforth's 330 sq. km. wholly owned and
previously underexplored Surimeau property, consolidated and explored systematically on a district scale for
the first time by Renforth, commencing in Summer 2021. In December 7 holes were drilled over a strike length
of ~430m with a total of 1963.7m of drilling, the deepest piece point obtained was ~120 vertical metres. These
holes, commencing at the Rapide 7 road and moving west, were drilled near to, or under, previously stripped
and sampled areas, as well as into geophysical anomaly areas.
Each hole drilled at Lalonde intersected the mineralized zone, in many instances cutting through both the
northern and southern bands of mineralization which have been previously seen on surface during prospecting
and trenching completed in 2022.
LaLonde Precious Metals December 2022 Drilling
Victoria System, Central Area
The central area of the Victoria mineralized system is where Renforth began work at Surimeau, after
consolidating the property around the claims which formed our Malartic West property. Work began at
Victoria as it was easily accessible via a significant logging road that turns off from the Rapide 7 road, and it had
seen some historic drilling and historic trenching/pitting, which left visible sulphides exposed. In December
2022 Renforth drilled 4 holes at Victoria with 1113m, for a total of 6741.7m drilled to date, over a strike length
of 2.2km from the Rapide 7 road to the west. The December 2022 drill holes were designed to intersect a
geophysical anomaly which we were unaware of until the interpretation of our high -resolution mag and EM
survey was completed. That interpretation led to the identification of 18 discrete conductive anomalies within
the first ~100m of depth measured by the survey, one of which was located in the central Victoria area within
the main mineralized system and accessible from the main logging road in December. The other 3 holes drilled
at Victoria were drilled to test for mineralization north of the main system in the area of the stripping at
Victoria, as prospecting and geophysics suggested there was a secondary horizon.
Each hole drilled in this program at Victoria intersected the mineralized system at Victoria. The 3 holes drilled to
test for the northern band of mineralization were successful, however they also lead to our interpretation that
the northern band of mineralization, in the area between the Summer 2021 stripping (the "Main Trench",
mechanically stripped over 275m) and the Rapide 7 road (~1400m of strike), has actually split to form two
bands, making 3 horizons/bands.
The Victoria Main Trench exposes the southern-most mineralized horizon consisting of calc-silicates, albite
shear and graphitic mudstones, sandwiched between ultramafics and mafics . The second trend seems to
originate roughly 700m northwest of the main trench near SUR-21-04. It split into northern and southern limbs
around SUR-21-18. The southern limb is exposed approx. 50 m north of the Main Trench whereas the northern
limb (the third band) splays off further north with a north-south separation of ~250 from the second trend. All
the three trends seem to converge towards the east closer to Rapide 7 around SUR -21-17. Although Ni grades
up to 1500 ppm are seen in all the three trends, to date Ni grades > 2000 ppm are not seen in samples more
than ~200 m north of the southern-most trend, further drilling may change this.
Victoria Precious Metals December 2022 Drilling
Renforth has commenced 2023 field work, with the receipt of our applied for drill permit we have a crew
commencing ground preparation ahead of drilling anticipated to occur in March, after PDAC, where Renforth
will have a booth.
In addition, Renforth will be presenting at the following two webinars;
February 15th Red Cloud Webinar presentation 2pm EST https://redcloudfs.com/rcwebinar-cse/
February 22nd at 2:55pm EST with Emerging Growth for an update presentation (10 minutes), registration link
is https://goto.webcasts.com/starthere.jsp?ei=1595541&tp_key=7d6588b9a9&sti=rfhif
Technical disclosure in this press release has been reviewed and approved by Francis R. Newton PGeo, OGQ a
“qualified person” pursuant to NI 43-101.
For further information please contact:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
C:416-818-1393
#Unit 1B – 955 Brock Road, Pickering ON L1W 2X9
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About Renforth
Renforth is focused on Quebec's newest battery metals district, our wholly owned ~330 km2 Surimeau District
Property, which hosts several known areas of polymetallic "battery metals" mineralization, each with various
levels of exploration, as well as a significant amount of unexplored ground. Victoria West has been drilled over a
strike length of 2.2km, within a 5km long mineralized structure, proving nickel, copper, zinc and cobalt
mineralization, in the western end of a 20km magnetic anomaly. The Huston target, during initial
reconnaissance, resulted in a grab sample grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. Additionally,
the Lalonde, Surimeau and Colonie Targets are all polymetallic mineralized occurrences which, along with
various gold showings, comprise the areas of potential of this NSR free property.
In addition to the Surimeau District battery metals property Renforth wholly owns the Parbec Gold deposit, a
surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. In 2020/21
Renforth completed 15,569m of drilling which successfully twinned certain historic holes, filled in gaps in the
resource model with newly discovered gold mineralization and extended mineralization deeper. Based upon the
success of this significant drill program the Company considers the spring 2020 MRE, with a 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 out of date. With the new data gained Renforth will undertake to complete the first ever
structural study of the mineralization at Parbec, as well as additional total metallic assay wor k in order to better
contextualize the nugget effect on the gold mineralization.
Renforth also holds the Nixon-Bartleman property, west of Timmins Ontario, with gold present on surface over
a strike length of ~500m.
No securities regulatory authority has approved or disapproved of the contents of this news release.
Forward Looking Statements
This news release contains forward-looking statements and 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 words referring to future events and results. Such statements and information are based on the
current opinions and expectations of management. All forward-looking information is inherently uncertain and
subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses
and permits and the availability of financing, as described in more detail in the Company’s securities filings
available at www.sedar.com. Actual events or results may differ materially from those projected in the forward -
looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking
information speaks only as of the date on which it is provided and the Company assumes no obligation to revise
or update these forward-looking statements except as required by applicable law.