Unusual Copper Presence Expanded at Renforth’s Malartic West Property
While the structural trend known as the Cadillac Break is one of the most productive gold districts in Canada, deposits enriched with other metals and minerals have also been outlined within the favorable geology of the region. For example, the area is featured as the Copper Capital of Canada, near the town of Rouyn-Noranda, where a major copper mine was established. This potential for a significant discovery, with leverage to a variety of metals, presents an attractive prospect for early stage exploration companies.
Renforth Resources Inc. (CA:RFR – $0.04 & US:RFHRF – $0.03) is very much aware of the attractive profile for the Cadillac Break. The Quebec-based Company has assembled several promising packages of property holdings along key sections of the historic mining corridor. One of these, the wholly-owned Malartic West project, is now in focus for an evolving discovery zone. Ideally situated, Malartic West is immediately adjacent to the Canadian Malartic Mine, one of the largest producing open-pit gold mines in Canada.
Successful Field Program Builds Evidence for Larger Scale Discovery Target
A preliminary fieldwork program was completed in August this year at Malartic West, following up on the 8.08% Cu discovery grab sample. Surface sampling and mapping targeted certain outcrops and showings identified through prospecting. One of these targets, the Beaupre Copper occurrence, featured alteration and quartz vein outcrops of interest. Beaupre also yielded one high grade grab sample bearing 3.59% copper plus 6.62 g/t silver. Geologists followed up with closer inspection around this zone, including shallow trenching work.
This week, Renforth has provided another update on the emerging copper/silver discovery along the Beaupre zone. Extensions to the Beaupre shear structure have now been encountered both to the Northeast and Southwest from the original discovery area. Channel samples were extracted from visible alteration of the exposed rock and quartz vein outcrops. The newly mapped sections extend the strike length to about 165 meters.
Renforth reports that assay results from this sampling program confirm the attractiveness of this discovery zone. Geologists encountered encouraging grades of copper and silver from the preliminary field work. Assays included results of 0.889%Cu and 0.895%Cu in channel cuts among the samples collected. Pathfinder elements commonly associated with mineral deposits in the district were also encountered.
Of even greater interest, the discovery remains open along strike with the potential for further discovery of a significant deposit area. Historic satellite imaging data for the area revealed an anomaly in this section extending for more than a kilometer. This property is considered under-explored and there has never been any drilling work completed around this prospect.
With difficulties related to winter weather conditions preventing further field programs over the near term, Renforth will plan a geophysical survey for its next activity at the property, to further define potential targets at Beaupre, and also investigate an attractive gold target further to the south.
Renforth is advancing its business plan to provide investors with active and efficient exploration programs on several property holdings, in one of the most attractive mining districts in Canada. The Company has already delivered a number of early stage discoveries from this work, with leverage to gold, copper and silver.
Malartic West is considered a ‘brownfield’ exploration opportunity, meaning the ground is in close proximity to a producing mine, so very prospective. In addition specific mineral showings have been observed on the property, along with attractive structures and favorable geology, in the midst of an established mining district. The expectation to achieve a discovery has been realized based on preliminary exploration. Much more follow-up work needs to be undertaken to further define the potential for the new copper and gold zones and advance the project along the value curve.
Small cap resource companies such as Renforth have typically provided the greatest speculative gains along the path from initial discovery through to the outcome of achieving a defined deposit. With multiple irons in the fire, as work continues simultaneously at more advanced projects in the district, Renforth is providing investors with the ideal balance for an exploration posture. As such, this active Company is currently one of the most attractive junior explorers in the Canadian mining sector. Several important news releases pending in January may provide the catalyst for an increased market value for this stock. Smallcaps Recommendation: BUY.
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