Renforth Resources (CSE:RFR) is nearing a maiden resource estimate for the Victoria mineralised system within the Malartic Metals Package (MMP) in Québec, Canada.
The Canadian mineral explorer is focused on declaring a nickel polymetallic resource – expected during the Canadian fall – over a 2.5km strike where drilling has been undertaken within the 20km long Victoria structure.
Additionally, Renforth has obtained new detailed geophysical data covering an area just east of the Beaupré discovery within MMP, as well as a portion of the Parbec Gold deposit covering the northwestern part of the property.
The data covers nearly half of the Cadillac Break within the property, alongside the Pontiac sediments to the south of the Break, which includes the Diorite splay and its permitted stripping location.
Renforth obtained the data from allowing its neighbour to fly over the ground and simplify the survey over work, in exchange for information at no cost. The new data is being integrated into its project model for evaluation.
The MMP, covering 300km2, hosts several mineralised occurrences with a primary focus on the Victoria system. Victoria is a 20km-long sulphide nickel polymetallic system on the surface, with road access and hydroelectric power lines in place.
In 2023, Canada produced 158,668 tonnes of nickel in concentrate, representing an 11% increase from 2022. Canada’s nickel and nickel-based product exports were valued at C$5.8 billion ($6.35 billion) in 2023.
Nickel-containing materials play a key role in everyday lives, including manufacturing stainless steel which is used in kitchens, construction, and medical instruments. Nickel is also used in producing rechargeable batteries for electric vehicles and renewable energy storage.
The company is due to appear at the Munich Mining Conference, held between 3-4 October, and will be presenting at the event on 4 October. The event has 109 companies attending and more than 1,000 individual investors registered to attend.
Write to Aaliyah Rogan at Mining.com.au
Images: Renforth Resources
