Renforth Resources Inc (CSE:RFR, OTCQB:RFHRF). has announced the discovery of nickel on-surface at a new location on its Surimeau District Battery Metals property in northwest Quebec.
The company noted that summer prospecting in the southwestern part of the Huston area within the wholly-owned around 260 square kilometre (km2) Surimeau District Battery Metals property returned an assay of 1.9% nickel, 1.38% copper, 1170 parts per million cobalt, and 4 grams per ton (g/t) silver within a grab sample taken from strongly foliated diorite with patchy oxidation on the weathered surface.
It noted that a grab sample was selected by the geologist and may not be representative of the property as a whole. In this instance, the diorite sampled hosted a quartz vein with trace pyrite but the vein did not return significant nickel values.
READ: Renforth Resources announces additional positive assay results at Parbec surface gold deposit in Quebec
The previously unexplored Huston area is located approximately 18 kilometres (km) northwest of the Victoria West area of the Surimeau property. The around 5 km long Victoria West area was the site of recent drilling by Renforth, delivering visible sulphides in the core, with assays still awaited.
The Huston result is considered notable by Renforth management as it is the first documented occurrence of nickel in this area, which is largely entirely unexplored with the exception of a limited drill program in the general area by Hecla in the 1980s, which was focused on gold.
Renforth said it will have the geological team revisit the area later this fall, after hunting season closes and before snow is on the ground.
Renforth holds the Parbec open-pit constrained gold deposit in Malartic Quebec, contiguous to the Canadian Malartic mine, with a 2020 resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t gold and 177,000 inferred ounces of gold at a grade of 1.78 g/t gold.
This resource estimate is now considered by Renforth to be out of date due to the results received in a 15,569 metre (m) drill program which has been recently completed. This program was planned to twin, infill and undercut existing drill holes at Parbec, to support a rebuild of the geological model and a resource estimate restatement.
In addition to this Renforth wholly owns the 260 km2 Surimeau District Property with several areas of historically identified polymetallic and gold mineralization. This includes the Victoria West occurrence, Renforth’s current focus, interpreted to be a nickel-containing ultramafic unit, juxtaposed with VMS-style copper-zinc mineralization which occurs over around 5 km of strike in the western end of the 20 km central anomaly at Surimeau.
Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of around 500m.
Renforth is well funded, with around $5 million in cash and securities on hand as at May 14, 2021, in addition to the gold contained in its gold deposit.
Contact the author at jon.hopkins@proactiveinvestors.com