(via TheNewswire)
Continuous mineralized polymetallic system modelled from surface to a maximum vertical depth of 225m over 2.5km of the
Victoria Multi Metals Zone , from the road to the west.Nickel is present in pyrrhotite, pentlandite and sometimes millerite sulfides. The alteration zone contains minimal to no olivine or magnesium, with the majority of the nickel being hosted in sulfides.
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~20km Long VMMZ Structure
The VMMZ mineralized assemblage is hosted in intercalated lenses of graphitic black shales, carbonates and calc-silicate altered lenses of ultramafic flows which contain elevated zinc, copper, and nickel sulfides. The shales are comprised of deep marine sedimentary layers, interpreted to be some distance from the sub-sea volcanic source of the mineralization, and range in thickness from .5 to several meters containing pyrite, pyrrhotite, sphalerite, and chalcopyrite mineralization (Zn/Cu/Ag). The intercalated ultramafic flows and lenses range in thickness from several meters to tens of meters in thickness and host Ni (and companion elements) mineralization throughout, generally grading in a range between 0.15-0.3%. Renforth has observed a stacking of mineralized zones, which creates multiple contact zones between the VMS shales and the ultramafic, a positive development proven in the recent drilling. In addition, this modelling exercise demonstrates that drilling should have extended further to the south, particularly in the "Victoria
States Francis Newton P.Geo OGQ: "Regional amphibolite grade metamorphism has affected the ultramafic flows to tremolite and locally carbonate, diopside and feldspar. The heat from this interaction, along with subsequent hydrothermal alteration, has mobilized the contained nickel mineralization present at the contact between volcanic flows of ultramafic composition and the graphitic mudstone. This process resulted in sulfide nickel enrichment within the contact zone calc silicate lithology. This mineralized horizon is continuous in varying widths along the length of the magnetic anomaly and, as we have seen in the 2.5km section, is actually repeated at least three times creating a series of stacked mineralized calc silicates separated by lenses of ultramafic bodies."
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VMMZ Mineralization
The mineralization within the VMMZ is described by
Mineralization is strongest along the contact with the graphitic mudstone in a calc-silicate alteration zone widely identified in core logging where metamorphic alteration concentrated the mineralization in pyrrhotite, pentlandite and occasional millerite sulfides. There is little to no olivine nor magnesium within the alteration zone and the bulk of the nickel is sulfide hosted." Renforth intends to continue this petrographic identification work, including with recent drill core. Additionally, the company aims to initiate thorough testing for platinum and palladium. Previous testing, albeit limited to only a handful of samples, has confirmed the presence of Pt and Pd within the system.
Renforth has drilled 10,316m in 44 drill holes within a ~2.5km strike length on the Victoria MMZ. Most recently, in Nov/
Assay Information
Assay data which forms the dataset for the 2.5km area includes the following top 10 intersections (the 10th is a tie), presented with a nickel equivalent grade calculated with a formula using Ni+Cu+Zn+Ag+Co+Fe+Cr, additional information regarding the calculations appear below. Platinum group elements were not included in this calculation because very limited analysis for palladium and platinum has been completed, althoughprevious testing has confirmed the presence of Pt and Pd within the system.More follow up work is still required.
Top 10 Intervals in 2.5km Long Area
2023 Drill Program Assay Highlights
The 2023 drill program holes, planned on the basis of distance in order to fill gaps in the drill pattern, bring the spacing to ~100m between drillholes across the ~2.5km. This program succeeded in intersecting the mineralized system in each hole, confirming the presence of at least 3 repetitions of mineralized zone, possibly due to multiple intrusive events.
Footnotes to the Assay Tables
1 - Intervals stated are as measured in the core box, not true widths. At this time, true widths are not known.
2 - TheMetal Eq% formula used = (Metal value+(additional metal ppm value*(additional metal $/gram)/(metal $/gram)))/10000
3 - Metal values used in the Eq formulas are as follows (Spot price dates for each metal with the USD price per gram)
4 - The Ni Eq % and Zn Eq % are calculated without a cutoff. Renforth has only performed limited thin section work and no metallurgical work, the percent recovery of metals during processing is not known and is therefore not assumed.
5 -The assay methods used in the early stages of exploration was Na-peroxide fusion. The assay method was changed to Aqua Regia which is still in use. Renforth is working on standardizing the analytical method used going forward to provide more reliable geochemistry compatible with future calculations and modelling work.
Qualified Person
The technical contents of this press release have been reviewed and approved by Francis Newton P.Geo OGQ. In addition, and Ms.
Technical Information
The samples highlighted in this press release were all selected in the field during logging, split, bagged, and tagged and securely delivered to the facilities of
Renforth is pleased to announce the results of its annual of shareholders (“AGM”) held on
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 within the Malartic Metals Package ("MMP") 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 MMP 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
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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.
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