(via TheNewswire)
Samples have been taken from each hole and submitted to the lab for assaying of the polymetallic package, results will be released once received, in the new year. The second last hole drilled in the program was located as planned, approximately 150m west, and 265m north, of the western end of the stripped area at
This drill program brings the total meters drilled within the ~2km of strike within the central
Zinc, and to a lesser extent Copper, sulfides have been remobilized and concentrated in the sedimentary shale layers into coarse disseminations, clots, nodules and occasionally into bands of semi-massive accumulations. The interaction between the sediment and ultramafic units often forms a calc-silicate contact alteration zone, where there is in enrichment of sulfides. Nickel tends to achieve higher concentrations here than in the ultramafics as it is drawn from the large ultramafic bodies into a calc-silicate contact alteration zone.At this time, Renforth is simplifying the Surimeau lithological picture to consist of the graphitic black shale, intercalated ultramafic flows and lenses subject to varying degrees of alteration and the calc silicate contact zone between the two, with the mineralized package sitting within the Pontiac sediments.
Click Image To View Full Size
Financing
Renforth has repriced the private placement within the context of the market, the common share units are priced at
Emerging Growth
Renforth will be presenting today, Dec, 7th, at
About Renforth
Renforth is a battery metals area play with the dominant brownfield land position south of the world class Cadillac-Larder
Renforth's position is unique in that the both the battery metals mineralization at Surimeau and our gold deposit at Parbec are road accessible, with hydro power crossing the properties, in an established and secure mining jurisdiction which regularly ranks as Top 10 (as determined by the
Renforth is engaged in the active exploration of the proven Surimeau battery metals mineralization, working towards a maiden resource statement, and the remodeling of our Parbec gold deposit to incorporate the ~15,000m drilled subsequent to the 2019 effective date of the last MRE.
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:
President and Chief Executive Officer
C:416-818-1393
E: nicole@renforthresources.com
#Unit 1B –
Follow Renforth on Facebook, LinkedIn and Instagram!
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.
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source