| Drilling Starts at Wood Hills South, Pequop Gold District Nevada | |
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WHITE ROCK, British Columbia--(BUSINESS WIRE)-- Renaissance Gold Inc. (REN.TO) (“RenGold” or the “Company”) is pleased to announce the start of drilling at Wood Hills South by Newmont USA Limited in the evolving Pequop Gold District, Elko County Nevada. RenGold has demonstrated that the Pequop gold district likely extends into the southeast edge of the Wood Hills South gold project. As announced, February 6th, 2012, Hole WHS11-007 intersected an oxidized 10.7 meter (35 feet) interval from 83.8 to 94.5 meters down hole that averaged 0.40 g/t (0.013 opt) gold within an approximately 60 meters (197 feet) zone of anomalous Carlin-style pathfinder elements and gold. Newmont will conduct a reverse circulation drill campaign (2,000-2,500 feet). The targets defined are based off pre-existing geologic mapping, magnetics, gravity, and additional data provided by Newmont, which includes proprietary pediment geochemistry and CSAMT. Richard Bedell, President and CEO of RenGold, comments: “We are very pleased to take another shot before the snow flies. It is early days in the evolving Pequop Gold District and it is apparent that mineralization extends to the Wood Hills. Mineralization occurred prior to the basin and range extension that pulled the Wood Hills and the Pequops apart. Rengold will continue to explore the Pequop Gold District with the intent of building upon the tremendous shareholder value created by AuEx Ventures in the initial delineation and sale of the Long Canyon gold deposit.” Qualified Person |
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Renaissance Gold Inc.
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CODE : REN.TO |
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Renaissance Gold est une société d’exploration minière d'or basée au Canada. Renaissance Gold détient divers projets d'exploration en USA. Son principal projet en exploration est ROSE MINE NEVADA en USA. Renaissance Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 5,0 millions CA$ (3,7 millions US$, 3,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 octobre 2010 à 9,53 CA$, et son plus bas niveau récent le 09 août 2013 à 0,02 CA$. Renaissance Gold possède 31 954 577 actions en circulation. |