Base Metals

(TheNewswire)

Renforth Resources Inc.
  • New outcrop mineralization discovered east of road, near centre of ~20km Victoria structure, highest grab sample result 0.71% Ni in albitized ultramafic with sulfides

  • Discovery of second band of mineralization north of previous drilling at Victoria

  • Lalonde delivered consistent elevated values including 0.33% Ni in grab samples from mineralized horizon currently being stripped

September 26, 2022 TheNewswire Pickering, Ontario - Renforth Resources Inc. (CSE:RFR) (OT C: RFHRF) (FSE:9RR) ("Renforth" or the "Company") is pleased to deliver to shareholders results from prospecting targeting the polymetallic intrusive mineralization at Surimeau during May-July 2022.  These results include 0.71% Ni in a grab sample from a previously unexplored area of central Victoria (east of the Rapide 7 road) and two assay results of 0.32% Ni in two separate grab samples obtained within the current stripping area at Lalonde west (west of the Rapide 7 road).

Grab samples are preferentially selected and not representative of the entirety of a structure. In the case of Lalonde west follow up work consisting of stripping a wide band perpendicular (north/south) to the mineralized Lalonde structure (which runs east/west), followed by channel sampling, is ongoing as previously announced. In the case of central Victoria additional prospecting will be undertaken this fall.

"These initial results validate the extent of surface mineralization on our Surimeau District Property. Our current interpretation is two separate polymetallic mineralized systems essentially running east/west, outcropping on surface, with lengths of ~20kms at Victoria and currently ~9km at Lalonde, the latter is still open on strike and unexplored. West of the Rapide 7 road the two horizons are separated north/south by ~3.7km. Copper and Zinc mineralization is hosted in a thick sequence of greywacke with graphitic mudstone interlayers while Nickel and Cobalt mineralization is hosted within ultramafic flows. The best mineralization is often found within and around sheared, albite altered, and calc-silicate altered ultramafics the sedimentary contact. We continue to learn more about this property with ongoing exploration to determine the extent and surface grade of the mineralization. We intend to drill at Victoria west this winter, building on the drilled mineralized package as deep as 180m with an ~125m package width over the ~2.2km we have drilled. We will also likely drill Lalonde west of the road for the first time. Our grab samples reflect the consistent presence of polymetallic mineralization with a wide range of grades, clearly there is with more work required, which we will do" states Nicole Brewster, President and CEO of Renforth.

2022 Prospecting Results Summarized

This press release reports on prospecting results obtained from the Victoria and Lalonde trends during the 2022 season, prior to trenching. Work to date leads Renforth to conclude that the Victoria and Lalonde are of similar mineralization environments, interpreting the geological setting as being a type of hybrid volcanogenic massive sulfide (VMS) and mono-sulfide solid solution (MMS) system where there was interaction between intruding Nickel enriched ultramafic magmas and sulfide-enriched sedimentary material leading to the formation of nickel mineralization alongside anomalous zinc and copper from any assimilated VMS systems. Following this prospecting work, a channel cutting program was carried out (results pending). Currently, the property has been chipped and stripped with channel cutting ongoing at Lalonde. Renforth's geologists will map and sample the newly stripped areas subsequent to a field break allowing the local community uninterrupted access for hunting. The results of the prospecting work highlighted below demonstrated to Renforth the consistent presence of some amount of polymetallic (Nickel, Cobalt, Copper and Zinc) mineralization throughout each system and support the continued exploration of the property in order to determine the size and extent of the occurrences.

Victoria East and West Prospecting Result Highlights

Sample #

Location

Litho

Outcrop

Sample

Ni ppm

Co ppm

Cu ppm

Zn ppm

81094

Victoria East

V4

Ultramafic, massive with zones of spinifex texture, non-mag, dark green, series of NW-Se trending dykes

Ultramafic, massive with zones of spinifex texture, non-mag, dark green, series of NW-Se trending dykes

1730

192

60

110

81096

Victoria East

V4

Same spot as above, either contact or weathered differently because of blowdown tree, surface is soft greasy and talcose, Ultramafic, massive, fine to med grained, blue-grey colour, clots of coarse calcite, trace py

Same spot as above, either contact or weathered differently because of blowdown tree, surface is soft greasy and talcose, Ultramafic, massive, fine to med grained, blue-grey colour, clots of coarse calcite, trace py

1690

101

70

60

81131

Victoria East

V4

Ultramafic, bands of mod to strong albitization, pyroxene rich band, rare 2 cm qz-ab veinlets + 1-2 mm ab stringers, patchy weak mag, 2-4 % diss py throughout, , locally up to 7% py, fol at 94/30N , sulphides are lineated

Ultramafic, bands of mod to strong albitization, pyroxene rich band, rare 2 cm qz-ab veinlets + 1-2 mm ab stringers, patchy weak mag, 2-4 % diss py throughout, locally up to 7% py

7160

257

260

330

81197

Victoria East

V3

Mafic volcanic, aphanitic, dark grey-black, mod to strong mag throughout, occasional shiny pyroxene crystals, trace py, massive

Mafic volcanic, aphanitic, dark grey-black, mod to strong mag throughout, occasional shiny pyroxene crystals, trace py, massive, smooth bedrock, possible large frost heave boulder from nearby

1830

131

20

110

81198

Victoria East

V3

Same as 81197, 2 m tall 25 m long ridge in low relief area, oriented 250 (E-W), possible pillows visible on surface

Same as 81197, 2 m tall 25 m long ridge in low relief area, oriented 250 (E-W), possible pillows visible on surface

1640

120

50

90

81199

Victoria East

V3

Same as 81197, weak fol at 260/30N

Same as 81197, weak fol at 260/30N

1650

114

50

70

81231

Victoria West

V4

Greenish ultramafic, med grained, patches / bands of mod to strong albitization, with 1%py/po locally up to 3%, flat ridge oriented 86/60N

Greenish ultramafic, med grained, patches / bands of mod to strong albitization, with 1%py/po locally up to 3%

620

110.5

1400

520

81232

Victoria West

V4

Main shear like rock, deeply weathered thus micaceous, strongly albitized, low ridge striking 230/60N conc to fol, trace -1 % sulphides, often weathered out

Main shear like rock, deeply weathered thus micaceous, strongly albitized, low ridge striking 230/60N conc to fol, trace -1 % sulphides, often weathered out

510

100.5

1380

16500

81035

Victoria West

V4

Looks identical to shear zone in trench, deeply weathered, strongly albitized, strongly foliated at 247/70N, well mineralized, 15 % diss + stringers and clots, py-sph

Looks identical to shear zone in trench, deeply weathered, strongly albitized, strongly foliated at 247/70N, well mineralized, 15 % diss + stringers and clots, py-sph

240

83.2

1470

3860

81064

Victoria West

V4

North side of same ridge as sample 81062, E-W orientation, calc-silicate v4, aphanitic, mod albitization, mod bt, 5-15% fine sulfides (py-po), sulfur odor around outcrop.

Calc-silicate v4, aphanitic, mod albitization, mod bt, 5-15% fine sulfides (py-po), sulfur odor around outcrop.

1820

196

210

230

81076

Victoria West

V4

Same ridge as above, ultramafic, aphanitic, serpentinized, 20 m from 81075, weak albitization

Ultramafic, aphanitic, serpentinized, 20 m from 81075, weak albitization

1820

91.4

0

70

*Results presented above are grab samples and only represent the material sampled. Additional samples were taken in this program and are not reported on in this release. Mapped prospecting results are available on the website.

Lalonde East and West Prospecting Result Highlights

Sample

Location

Litho

Outcrop

Sample

Ni ppm

Co ppm

Cu ppm

Zn ppm

81142

Lalonde East

V4

Strongly albitized, deeply weathered, sheared rock, very similar to main shear in Victoria trench, strong fol at 94/70N,  well mineralized py + sph, stringers and clots along foliation, 5-10% sulphides overall

Strongly albitized, deeply weathered, sheared rock, very similar to main shear in Victoria trench, strong fol at 94/70N,  well mineralized py + sph, stringers and clots along foliation, 5-10% sulphides overall

110

52.8

380

17900

81251

Lalonde East

V3

Boulder sub angular in swamp 2x2 m

maf vol, dark grey black colour, fine-med grained mod mag throughout, trace fine py, rare fine ab blebs throughout

1520

80

50

60

81118

Lalonde East

V4

Massive ultramafics, trace to 1 % diss py, po, green colour, serpentinized

Massive ultramafics, trace to 1 % diss py, po, green colour, serpentinized

1430

106

160

90

81119

Lalonde West

V4

Ultramafic, dark green, coarse grained, massive, dense, rare 1-3 mm qz-ab stringers, 2-5 % fine to med diss py, po throughout, locally up to 10%, weak to mod mag throughout

Ultramafic, dark green, coarse grained, massive, dense, rare 1-3 mm qz-ab stringers, 2-5 % fine to med diss py, po throughout, locally up to 10%, weak to mod mag throughout

3220

208

360

390

81123

Lalonde West

V4

Tallish ridge, Lalonde east area powerline, strongly foliated 104/44NE, albitized ultramafic with fine stringers and diss py, po, up to 10-12 %

Strongly foliated 104/44NE, albitized ultramafic with fine stringers and diss py, po, up to 10-12 %

3220

297

160

240

81085

Lalonde West

V4

Same ridge as 81119, Ultramafic, dark green, coarse tremolites in aphanitic groundmass, 10-20% fine to med diss py, po, possible trace bornite, presence of reworked/ broken red garnets within.

Ultramafic, dark green, coarse tremolites in aphanitic groundmass, 10-20% fine to med diss py, po, possible trace bornite, presence of reworked/ broken red garnets within.

2140

160

410

570

81304

Lalonde West

V3

Sheared maf vol, ultramafics, strongly foliated, and actinolized sediments, possibly, amphibolized maf vol

Sheared maf vol, ultramafics, strongly foliated, and actinolized sediments, possibly, amphibolized maf vol

1690

110

20

130

*Results presented above are grab samples and only represent the material sampled. Additional samples were taken in this program and are not reported on in this release. Mapped prospecting results are available on the website.

Samples presented in this press release were selected, bagged, and tagged in the field under the supervision of Francis R. Newton P. Geo (OGQ#2129) and personally delivered to the facilities of ALS Geochemistry in Val d'Or, Quebec, for analysis using the ME-MS89L assay methodology (Trace Level Lithium Exploration by Na-Peroxide Fusion).

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.

For further information please contact:

Renforth Resources Inc.

Nicole Brewster

President and Chief Executive Officer

C:416-818-1393

E: nicole@renforthresources.com

#Unit 1B – 955 Brock Road, Pickering ON L1W 2X9

Follow Renforth on Facebook, LinkedIn and Instagram!

About Renforth

Renforth is focused on Quebec's newest battery metals district, our wholly owned ~330 km 2 Surimeau District Property, which hosts several known areas of polymetallic "battery metals" mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. Victoria West has been drilled over a strike length of 2.2km, within a 5km long mineralized structure, proving nickel, copper, zinc and cobalt mineralization, in the western end of a 20km magnetic anomaly. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. Additionally, the Lalonde, Surimeau and Colonie Targets are all polymetallic mineralized occurrences which, along with various gold showings, comprise the areas of potential of this NSR free property.

In addition to the Surimeau District battery metals property Renforth wholly owns the Parbec Gold deposit, a surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. In 2020/21 Renforth completed 15,569m of drilling which successfully twinned certain historic holes, filled in gaps in the resource model with newly discovered gold mineralization and extended mineralization deeper. Based upon the success of this significant drill program the Company considers the spring 2020 MRE, with a resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au to be out of date. With the new data gained Renforth will undertake to complete the first ever structural study of the mineralization at Parbec, as well as additional total metallic assay work in order to better contextualize the nugget effect on the gold mineralization.

Renforth also holds the Nixon-Bartleman property, west of Timmins Ontario, with gold present on surface over a strike length of ~500m.

No securities regulatory authority has approved or disapproved of the contents of this news release.

Forward Looking Statements

This news release contains forward-looking statements and information under applicable securities laws.  All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may', ‘will', ‘plan', ‘expect', ‘believe', ‘anticipate', ‘estimate', ‘intend' and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company's securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Renforth Resources

Renforth Resources


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Renforth Intersects Surface Battery Metals Mineralization in Lalonde Channeling

Renforth Intersects Surface Battery Metals Mineralization in Lalonde Channeling

(TheNewswire)

Renforth Resources Inc.

November 27 th 2022 TheNewswire Pickering, ON - Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") is pleased to advise shareholders that channels cut within the 3 stripped trenches at Lalonde, which are being undercut in the current drill program, did intersect surface battery metals mineralization as measured in the field and confirmed by the assay laboratory.

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Renforth Raises an Oversubscribed Total of $1,558,100

(TheNewswire)

Renforth Resources Inc.

November 23, 2022 TheNewswire - Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") announces that the previously announced private placement has closed oversubscribed, with a total of $1,558,100 gross funds raised in a combination of flow through and non-flow through funds. The Company has closed the final tranches of the previously announced non-brokered private placement for additional gross proceeds of C$869,300 from the sale of 580,000 non-flow through units of the Company at a price of C$0.035 per unit and 21,225,000 flow-through units of the Company at a price of C$0.04 per flow-through unit. Each non-flow through unit consisted of one common share of the Company and one common share purchase warrant. Each flow through unit consisted of one common share to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one half of one warrant. Each whole warrant entitles the holder to purchase one common share at a price of C$0.06 for a period of 24 months following the distribution date. In connection to this tranche of the financing, the company paid a cash commission of $44,850 and issued 1,207,000 finders warrants. The finders warrants are exercisable at a price of C$0.06 for a period of 24 months.

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The annual conference will be hosted in-person, at the Sheraton Centre Toronto Hotel from November 9-10, 2022.

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(TheNewswire)

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Renforth Announces Private Placement for up to C$1,000,000

(TheNewswire)

Renforth Resources Inc.

Not for distribution to United States newswire services or for dissemination in the United States

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CSE: CUAU (CNW Group/Forte Minerals Corp.)

Mr. Richard Leveille has an accomplished career that spans over forty years. He attended the University of Utah , graduated with a B.Sc. in Geology, and later completed his Master's in Geology from the University of Alaska.

His work experience progressed through companies such as AMAX, Kennecott, Rio Tinto, and Phelps Dodge . Notably, Mr. Leveille was also the Senior Vice President of Exploration for Freeport Copper & Gold, where he managed the team that helped add significant copper to reserves and made the Chukarui Peki discovery in Serbia, which shared the 2016 PDAC Thayer Lindsley International Mineral Discovery Award.

Since his retirement at Freeport in 2017, Mr. Richard Leveille has been working as a Consulting Geologist focusing on mineral exploration projects in Australia , South America , and the United States .

Forte is pleased to welcome Mr. Richard Leveille to the team. " Richard is a great addition and brings extensive mining industry expertise to the Company. We believe we've established a well-rounded group of professional board members and look forward to utilizing everyone's knowledge to generate shareholder value," said Patrick Elliott , President & CEO.

The Company has granted Mr. Richard Leveille 250,000 stock options with an exercise price of $0.20 , exercisable for five years.

ABOUT Forte Minerals CORP

The Company is committed to maximizing shareholder value through acquiring, exploring, discovering, and developing copper and gold projects in Perú. Moving rapidly along the line of opportunity towards a value maxima is very attractive to investors. Significant value growth is generated when early-stage exploration moves towards resource definition while zoning in on target development and eliminating the early-stage grassroots risk. All three of Forte's properties offer this opportunity, with tremendous upside considering their geological potential.

On behalf of Forte Minerals CORP.

(signed) " Patrick Elliott "
Chief Executive Officer

Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.

Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/forte-minerals-appoints-new-independent-director-301692177.html

SOURCE Forte Minerals Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2022/02/c0073.html

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(TheNewswire)

Noble Mineral Exploration Inc.

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/THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ./

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