Business
Renforth Funded for Fall/Winter Exploration
(TheNewswire) Pickering, ON - TheNewswire - August 30, 2023 - Renforth Resource...
About this update from Renforth Resources Inc
[{"type":"text","content":"Renforth Funded for Fall/Winter Exploration \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Pickering, ON -\n \n \n TheNewswire -\n \n \n August 30, 2023 -\n \n \n Renforth Resources Inc.\n \n \n (CSE:RFR) (OT\n \n \n C:\n \n \n RFHRF) (FSE:9RR)\n \n \n (“\n \n \n Renforth\n \n \n ” or the\n“\n \n \n Company\n \n \n ”)\n \n \n would like to inform shareholders\nthat our shareholdings in Radisson Mining Resources have been fully\nliquidated for proceeds of $1,400,000.00.  This liquidating\ntransaction removes any uncertainty regarding Renforth's ability to\nfund in this challenging junior exploration market.\n \n \n \n \n \"We have significant dollars in the bank, and we\nhave gold ounces in the ground, we are actively exploring our district\nscale battery metals property in Quebec. Surimeau hosts numerous\npegmatites and is already proven to carry nickel, copper, zinc, and\ngold...along with other metals in large mineralized systems on a\nproperty 4.5 times the size of the island of Manhattan. Our cash on\nhand represents almost 50% of our current market capitalization, our\nother assets build on that base. Our plans for the rest of the year\nwill build upon that combination again\" states Nicole Brewster,\nPresident and CEO of Renforth.\n \n \n \n \n Renforth continues its ongoing exploration at\nSurimeau\n \n \n , our field geologists are following up\non target areas that were identified based on the summer 2022\nprospecting program in search of lithium mineralization. The team has\nidentified multiple pegmatite outcrops in areas that were previously\nnot explored. The field work is facilitated by easy road access and\nabundant outcrops. A total of 100 samples have been submitted to ALS\nanalytical lab, Val d’Or, Quebec and assays are pending. Field\nconditions are ideal for boots on the ground prospecting work.\nRenforth anticipates that after a first round of prospecting there\nwill be follow up, with assays in hand, before the snow flies.\nRenforth is currently designing a drill program for this winter which\nwill focus on the central area of the ~20km long Victoria mineralized\nstructure with step outs from the 2021 and 2022 drilling in that area\nwhich encountered a mineralized package that included a mineralized\ngraphitic shale horizon in the south, a mai...