WHITE ROCK, British Columbia--(BUSINESS WIRE)--

Renaissance Gold Inc. (REN.TO) (“RenGold” or the “Company”) is pleased to summarize current year exploration progress and plans for the upcoming months.

On February 18, 2014, RenGold announced an agreement with Newmont USA Limited (“Newmont”) to explore the Wood Hills South project, an extension of the Pequop gold district in Elko County, Nevada. Newmont has now completed data compilation and modeling of existing drilling. In addition, Newmont has conducted proprietary low detection soils sampling in conjunction with pediment mapping to distinguish different alluvial fans and surface cover types. Finally, they have run a CSAMT survey and created resistivity maps. Taken together, with existing magnetic data, they have started permitting for a number of drill holes. In late October, Newmont are planning to drill at least 2,000 feet with the remaining budget but intend to follow up with more drilling in 2015.

On October 2, 2014, a 3,000 foot drill core program started at the Fourth of July project in the Humboldt Range of Pershing County Nevada funded by Summit Mining Exploration II, Inc., (“Summit II”) a US subsidiary of Sumitomo Corporation. The first core hole has tested the eastern bounding fault of a graben that confines the historic flat reefs in the Prida limestone at the Arizona mine. The fault could have been part of the fluid pathway that controlled mineral deposition. The hole appears to have been a geologic success (assays pending) having hit intervals of sulfidic breccias and quartz stockworks adjacent to the old mine workings. In addition, the hole has penetrated the rhyolite flows and tuffs of the underlying Triassic Koipato Group, which are the preferred host rocks at Spring Valley and the Coeur Rochester Mine to the south. Below the unconformity between the limestone and the rhyolite, drilling has encountered breccias with quartz-sericite-pyrite alteration that is believed to be an early event, which is cut by later quartz veins in the core.

RenGold is advancing the Golden Shears property in Clark County Nevada with Callinan Royalties Corporation ("Callinan") funding for a 1.5% royalty. RenGold has been doing significant geologic work within a 2.5 km long shear zone with high grade precious and base metal values. Geologic mapping in combination with ground magnetics and gravity indicate the presence of continuous structures between the outcropping areas of mineralization and suggest the potential for a large mineralized system. In addition, the magnetic data indicate that a number of shallow intrusions lie beneath cover with potential for two skarns within this domain.

RenGold has now formally sold Basti Resources in Spain, sold AuEx Argentina earlier in the year, and pulled out of Chile. This has focused the Company on Great Basin exploration and resulted in significant cost savings to the Company.