Renforth Resources Inc (RFHRF)

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$RFHRF Renforth Commences Surimeau Fieldwork with Focus on Lithium Values and Exploration


News Link: https://www.thenewswire.com/press-releases/1AlpFn08Z-renforth-commences-surimeau-fieldwork-with-focus-on-lithium-values-and-exploration.html

May 5, 2022 – TheNewswire - Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE-9RR) (“Renforth” or the “Company”) is pleased to announce the commencement of the 2022 field season at Surimeau with a comprehensive list of targets with an emphasis on lithium mineralization present on the property, as presented below. At Surimeau Renforth is focussed on the ~20km mineralized Victoria structure, however, the property is sizeable and largely underexplored. Wide ranging ground exploration will be carried out this summer while the recently completed geophysical survey is undergoing interpretation. Upon completion of that interpretation by consulting geophysicists our field geologists and consulting geoscientists will work to plan a 10-20,000m drill program on the Victoria trend to be carried out this Fall.

2022 Field Targets

2021 Stripped Area (Victoria West)

-completion of mapping and drone photography of the 275m strike stripped area which presented consistent surface nickel/cobalt/copper/zinc mineralization in assay. The channel samples from this program were not analyzed for lithium.

Lithium Values in 2021 Drilling

-inspection of core from the 2021 drilling at Surimeau which gave Li values >250ppm

~20km Victoria Mineralized Structure

-prospecting the extent of the ~20km mineralized Victoria structure which is proven mineralized at its western end (Victoria West) and its eastern end (Colonie) with specific attention paid to the utms for the coincident EM anomalies, looking for outcropping mineralization. The extent of the Victoria structure between Victoria West and Colonie is entirely unexplored.

Lithium and Pegmatite Exploration

-Renforth will visit known lithium and pegmatite occurrences at Surimeau, including at Colonie where Renforth sampled surface Li of 191 ppm in a prospecting grab sample taken for survey purposes. This area will be revisited, and other new areas investigated, with the purpose of lithium exploration.

Scandium/REE Geochemical Data Exploration

-Renforth will follow up on various geochemical anomalies available on SIGEOM in order to ground truth these, determine if they are pegmatites and/or REE occurrences. This includes a highly anomalous scandium value in the NW portion of the property which is 3 times higher than any other scandium value in the dataset, at this location the REEs dysprosium and neodymium also give unusually high values. In addition to this unique occurrence other geochemical anomalies at Surimeau will be investigated including the Lac Surimeau diorite, which is associated with known gold occurrences at Surimeau.

Uranium Exploration

-the southern end of Surimeau forms the northern part of a property previously bulk sampled for uranium just outside of the current Surimeau property boundary. In the interest of fully investigating the potential of Surimeau prospecting will be carried out open to the presence of uranium.

Red Cloud to Provide Corporate Finance and Marketing Services

Renforth would also like to announce that Red Cloud Financial Services Inc. (“Red Cloud”) has been retained for corporate finance and marketing purposes for an initial term of one year. Red Cloud will be issued 2,000,000 options to purchase shares of Renforth at a price of $0.065 per share. The options will vest as follows: 666,667 vest immediately; 666,667 vest on August 28, 2022; and 666,666 vest on December 28, 2022.

Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P.Geo (OGQ#2129), a “qualified person” pursuant to NI 43-101.