Renforth Resources Inc (CSE:RFR, OTCQB:RFHRF) has announced the commencement of the 2022 field season at its Surimeau District battery metals project in Quebec with a comprehensive list of targets and an emphasis on lithium mineralization present on the property.
Specifically, the company said it is focused on the approximately 20 kilometre (km) mineralized Victoria structure but noted that 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, Renforth said its field geologists and consulting geoscientists will work to plan a 10-20,000-metre (m) drill program on the Victoria trend to be carried out this Fall.
READ: Renforth Resources says newly-completed airborne Mag and EM survey delineates magnetic Victoria structure with co-incident EM anomalies
2022 field targets include:
- 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 above 250 parts per million (ppm).
- ~20 km Victoria mineralized structure: prospecting the extent of the roughly 20 km mineralized Victoria structure which is proven mineralized at its western end (Victoria West) and its eastern end (Colonie). 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 lithium of 191 parts per million 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.
- Renforth also holds the Parbec open-pit constrained gold deposit in Malartic, Quebec, and here, the firm has hired a structural geology group to carry out the "first-ever" structural study of this property, which straddles 1.8 km of the Cadillac - Larder Lake fault zone.
- Scandium/rare earth elements (REE) geochemical data exploration: Renforth will follow up on various geochemical anomalies available on SIGEOM to ground-truth these, and determine if they are pegmatites and/or REE occurrences. This includes a highly anomalous scandium value in the northwest portion of the property which is three 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 to determine the presence of uranium.
Renforth also announced that it has retained Red Cloud Financial Services Inc. 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 for $0.065 per share. A third of the options vest immediately, with another third vesting on August 28, 2022, and the balance on December 28, 2022.
Renforth wholly owns the approximately 260 sq km Surimeau District Property, which hosts numerous areas of polymetallic and gold mineralization. It also wholly owns the Parbec Gold deposit, a surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec.
Contact the author at stephen.gunnion@proactiveinvestors.com