Renforth Resources Inc. (CSE: RFR | OTCQB: RFHRF | FSE: 9RR) has announced results from its August/September 2023 mapping and prospecting work undertaken on its wholly owned Surimeau District property in Quebec, Canada.
The area is known to host several occurrences of nickel polymetallic Outokumpu style mineralization over a strike of over 29km as well as numerous prospective lithium pegmatites.
Prospecting has delivered two new locations of surface nickel polymetallic (nickel/cobalt/zinc/copper) mineralization, similar to that seen within the Victoria system, located north of the Lalonde system and south of the Victoria system at Surimeau.
Elevated lithium was discovered to be present in fractionated pegmatites and in the Pontiac sediments where elevated lithium/rubidium/cesium appear to indicate proximity to blind pegmatites and may represent the mobility of lithium, offering an exploration vector.
Victoria drilling has commenced, where two holes were completed for a total of 561m with mineralization successfully intersected in both infill holes, positive results definitively extending mineralization across a drilling gap.
As a result, Renforth will be hosting a webinar with an overview presentation of the company’s assets, an update on current exploration activities, and a live Q&A session next Thursday 23 November at 7pm eastern standard time.
At the request of retail shareholders, Renforth will also be undertaking a small critical minerals flow through financing at the request of shareholders with an effort to raise, on a non-brokered basis, C$500,000 through the sale of shares, on a flow through basis, at C$0.04 each, with each unit comprised on one flow through share and one half of a warrant.
At the same time Renforth will offer up to C$150,000 of shares at C$0.035 each, with each unit consisting of one share and one warrant, the warrant can be exercised to purchase a share at a price of C$0.05 for a period of two years.
Proceeds will be used for ongoing exploration in Quebec, on Renforth’s Surimeau property, specifically working towards a maiden resource with the strike currently being drilled, and general working capital purposes.
For further information, please visit: www.renforthresources.com
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