Renforth Updates Exploration Objectives Following Successful Conclusion to Surface Stripping Program at Surimeau

As another productive year of exploration activity winds to a close, Renforth Resources Inc. (CA:RFR – $0.08 & US:RFHRF – $0.07 & GER:9RR – €0.05) has reported progress at its 100% owned Surimeau Battery Metals project. The Company announced this week that an extensive stripping program to expose a significant section of the Victoria West structural corridor has been successfully completed. Clearly defined alteration features were observed throughout this area. Using a hand-held XRF scanner, geologists confirmed the presence of battery metals including nickel, copper, cobalt and zinc.

The program also involved cutting trenches perpendicular to the strike at western and eastern terminus of the stripped area. So far, the deposit has been outlined continuously for more than 2.2km of strike through previous work. Mineralized zones vary as the structure pinches and swells. Therefore these wider crosscuts were completed at each edge of the stripping to enable sampling along the full width of the exposed structure at surface. The western crosscut section extended 200m and a 150m crosscut was completed at the eastern edge.

The area selected for this surface stripping work was located between two of the recently completed diamond drill holes. Approximately 275m of continuous mineralization was exposed within this section along strike along an east-west axis. A shear zone extends laterally along the structure. Notable mineralization was highlighted along the north side of the shear zone and also encountered through trenching.

Channel sampling work followed, with a total of 53 channels cut perpendicular to the main axis of the structure. A total of 704 channel samples were selected, along with grab samples from outcrops and sample blanks. The samples will be submitted for laboratory assaying and will be reported when all results have been received.

District-Scale Activity Advancing at Surimeau

The emerging deposit area at Victoria West remains open in all directions. Even considering the successful start and encouraging results so far, the majority of this target remains unexplored. The project geologists are focused to learn more about this system in order to guide future exploration activity.

Along with the surface prospecting underway along the stripped portion of the structure, Renforth has engaged an aerial drone to compile a video (see video below) of the area. Detailed imagery is being assembled that will assist with the digitized mapping of the system.

Enriched battery metals zones of the system have been encountered within stringers and ribbons of sulphide alteration. A geophysical program is now in planning to shoot an EM/MAG survey along the entire 20km structural corridor at Victoria West. This technology will enable geologists to interpret the subsurface distribution of sulphide alteration along strike, as work advances further along the system.

Additional drill core samples have been submitted for assay to determine the presence of valuable platinum group metals (PGMs). This is of interest given these metals are commonly encountered within volcanogenic deposits of nickel and copper. Some confirmation of PGMs was reported in June of 2020 by Renforth during sampling at Colonie, LaLonde and Victoria West target areas. If significant PGM content is widely distributed within the mineralization, this would add to the economic appeal for the emerging deposit.

Victoria West will continue to keep Renforth very busy for a long period of time. The more information that is learned from these initial work programs, the more effective that subsequent exploration activity may be. Given the exceptional strike length of this target and the fact that many other expansive targets have been identified at Surimeau, the commitment to build a coherent plan will improve the odds to continue achieving a successful outcome.

Planning Underway at Parbec to Advance Exploration Objectives

The steady flow of positive news from Surimeau this year is complimentary to the advancement of the Parbec Gold project. Parbec remains the flagship asset for Renforth. In fact, the most important exploration program in the history of the Company was completed this year at the project. Now that assay results have been presented for all of the drill holes from this program, Renforth has outlined the next steps in the process to build further value at Parbec.

With so much additional data assembled from more than 15,000m of recently completed drilling work, Renforth plans to update the geological model for the deposit as the first priority. One interesting aspect to this work is that gold bearing sections of the deposit have been confirmed that were not previously expected to be mineralized. Visual interpretation of drill core is not entirely accurate as a means to determine gold bearing zones. Only those sections that were considered prospective for gold mineralization were sampled and submitted for assaying. The positive surprises revealed at previously unknown gold zones invites further scrutiny. Therefore new samples will be chosen from some of the remaining core and submitted for assay.

A structural study will also be completed for the property. Data will be reviewed from historic gold deposits established at the adjacent Canadian Malartic property, located just a few kilometers further along strike on the Cadillac Break structural trend. The Parbec deposit demonstrates similarities with magnetic diorite, feldspar porphyries, shear zones and gold trends nearby. A review of the relationship with structural features as part of the gold endowment elsewhere along the trend may shed new light on possible gold-bearing zones that may yet be revealed at Parbec.

Conclusion

The stripping and sampling program at Victoria West was planned to enable broad-based scrutiny of a larger area of the mineralized structure. Keep in mind that prior work programs have identified attractive mineralization but rock chips and core samples are limited to a very small portion of the total rock mass. Sample data may be separated by tens or hundreds of meters. What goes on between these data points is a matter of interpretation. Exposure of a continuous area of mineralization spanning up to 275m laterally and 200m in width affords a much more inclusive review of the system.

Renforth has presented attractive mineralization in every drill hole so far from this system. Continuous mineralization was confirmed along the stripped portion of the deposit area. Intriguing questions build speculative interest going forward. Is the remaining unexplored strike length of this interpreted 20km target area mineralized? Will the hints of higher grade mineralization to depth be resolved as much larger zones of enrichment? The Company will move forward to explore these unknowns with greater confidence from the additional information that can be ascertained from this early stage.

The work programs at Parbec have also been extremely successful. A large, valuable gold deposit has been established. Renforth is now focused on advancing on this success to build greater shareholder value. The structural study to update the geological model for the deposit, drawing comparisons with nearby gold deposits hosted within a similar setting, will guide the next phase of work to explore for other undiscovered gold zones at the project.

Parbec and Surimeau will continue to provide exploration opportunities that maintain the attractive speculative profile for Renforth through another busy year of activity in 2022 and beyond. Smallcaps Recommendation: BUY.

Smallcaps.us Advice: Buy	Price Target: $0.29	Latest Company Report (pdf)
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