| Large Land Package in the Pequops is Given Six Year Extension | |
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WHITE ROCK, British Columbia--(BUSINESS WIRE)-- Renaissance Gold Inc. (REN.TO) (“RenGold” or the “Company”) is pleased to announce the execution of a six year extension of the large Pequop and Woodhills land package in Northeastern Nevada with New Nevada Resources, LLC ("NNR"). This includes 34,408 acres (13,924 Hectares) of important exploration terrain in the evolving Pequop Gold District. A good portion of the NNR land is included within the Woodhills land package that is currently under an exploration earn-in agreement with Newmont USA Limited. This agreement extends the current six year agreement that terminates April 23rd, 2015 and will extend it another six years. On execution $1,000 was paid to NNR and beginning in April 2015 RenGold shall pay $2.50 per acre annually for the first three years and $5.00 an acre the second three years. Half the optioned acreage must be returned after three years or extended by making a one-time payment of $25,000. Richard Bedell, President and CEO of RenGold comments: “We are pleased to extend this agreement in a new, evolving gold district. There are some important secondary and tertiary targets that need further geoscience work to understand and put into context. It is very early in the discovery history and we intend to stick with it." Qualified Person All data disclosed in this press release, including sampling, analytical and test data, have been reviewed by the Company’s qualified person Mr. Eric M. Struhsacker, M.Sc., and Certified Professional Geologist as recognized by the American Institute of Professional Geologists. |
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Renaissance Gold Inc.
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CODE : REN.TO |
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Renaissance Gold est une société d’exploration minière d'or basée au Canada. Renaissance Gold détient divers projets d'exploration en USA. Son principal projet en exploration est ROSE MINE NEVADA en USA. Renaissance Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 5,0 millions CA$ (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. |