Renforth begins 3,500 m of drilling at Surimeau
RENFORTH COMMENCES DRILLING THE VICTORIA NICKEL TARGET ON SURIMEAU DISTRICT PROPERTY
Renforth Resources Inc. has begun a 3,500-metre drill program on the Victoria nickel target which strikes over about five kilometres on Renforth's wholly owned 215-square-kilometre Surimeau district property, where Renforth has previously obtained sulphide nickel values on surface and subsurface, confirming the presence of mineralization as indicated by historic exploration information.
Renforth's Surimeau district property is located south of the towns of Cadillac and Malartic, Que., with road access to the west to the centre of the property via well-maintained gravel roads that service the hydroelectric generating stations south of the property; power lines also run through the property. The eastern end of the property is accessible via municipal roads. Road access makes the movement of the drill from Renforth's Parbec property, where the drill program concluded with 5,925 metres drilled in 22 holes, a straightforward operation. This finishes the drill program started in September, 2020, at Parbec with a total of 15,569 m drilled, all of which will be incorporated in a rebuilding of the geological model and a resource restatement upon receipt of all the assays. Presently there are 42 holes with unreported assays for Parbec.
The Surimeau district property hosts several target areas, both for critical and strategic metals, as well as for gold. The target areas have been identified on the basis of prior work carried out on the property, including verification of the presence of mineralization by Renforth.
The drill program, which has just commenced at Surimeau, is focused on the Victoria target area, with drilling planned of about three km of the about five km of strike in that target area. This is a follow-up program to Renforth's confirmation surface and subsurface sampling programs which demonstrate the presence of mineralization including sulphide nickel, zinc, copper and silver; the testing for platinum group elements is continuing.
"The zinc-nickel occurrences at Surimeau bear a striking geological similarity to the Outokumpu, Finland, deposits, which have a similar, and unusual, association of these two elements in what appears to be a tectonically juxtaposed magmatic nickel and zinc-rich volcanogenic massive sulphide-type settings. This geological setting is an almost unique association in Canada (there is at least one other occurrence), but a substantial and productive resource in Finland," states Dr. James Franklin, PhD, FRSC, PGeo, Renforth's principal technical adviser on the Surimeau district property.
Victoria prospect planned drill holes spring 2021
Technical disclosure in this press release has been reviewed and approved by Francis R. Newton, PGeo (OGQ No. 2129), a qualified person pursuant to National Instrument 43-101.
About Renforth Resources Inc.
Renforth holds the Parbec open-pit constrained gold deposit in Malartic, Que., contiguous to the Canadian Malartic mine, with 104,000 indicated ounces of gold at a grade of 1.78 grams per tonne Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au. A 15,569 m drill program has been recently completed; this program was planned to twin, infill and undercut existing drill holes at Parbec, to support a rebuild of the geological model and a resource estimate restatement. In addition to this, Renforth has discovered a nickel-bearing ultramafic, coincident with a copper/zinc VMS (volcanogenic massive sulphide), over about five km of strike in the western end of the 20 km central anomaly at Renforth's wholly owned 215 square km Surimeau property. This prospect was discovered on surface and was the subject of a very short, shallow drill program; a more robust drill program is planned for spring 2021. Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins, Ont., with gold present on the surface over a strike length of about 500 m. Renforth is well financed, with about $6-million in cash and securities on hand (as of March 15, 2021), in addition to the gold contained in its gold deposit.