Renforth Resources Inc (CSE:RFR, OTCQB:RFHRF) said the mineralized McCart Nickel Property has been added to its Ontario exploration property portfolio.
Renforth acquired the McCart property, which consists of nine staked claims, at no cost. It owns 100% of the rights to the claims with no encumbrances.
The company said it anticipates visiting these claims in the fall of 2023 for initial prospecting work. The McCart Nickel Property is located approximately 15 kilometres (km) west of Iroquois Falls, Ontario, along Highway 11.
“Currently the main sulphidic zone has been outlined as 3-4m wide on surface, consisting of disseminated and net-textured pyyrhotite with minor chalcopyrite and pentlandite,” the company said, adding that a historic trench exposes graphitic mudstones with traces of albitization and oxidation while a large body of unrecorded and unexplored felsic volcanics present to the south on the property.
“Grab samples taken in a brief property visit in November 2022 confirmed the presence of nickel on the property with a high grab of 0.236% nickel (Ni) taken from a historic trench showing 10-15% pyyrhotite, this sample was proximal to a historic result of 4,100 parts per million (ppm) Ni from prospecting and thin section work completed by Cunnison & Pyke between 1991-93, this information is taken from the public record,” it added.
There was work on the McCart property as early as 1917 with the documentation of nickel on the site.
Renforth is a secure multi-commodity area play with the dominant brownfield land position south of the world-class Cadillac-Larder Lake Fault in the prolific Cadillac and Malartic mining camps of Quebec's Abitibi.
Contact the author at jon.hopkins@proactiveinvestors.com