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Renaissance Gold Inc.
Summary
| Project: | Jupiter | |
|---|---|---|
| Deposit: | Eagle | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-1-2018: Renaissance Gold Inc. announces an Exploration/Drilling Update report for its Eagle deposit at the Jupiter project. JV (Rengold) Drilling results incl. 9.14m @ 1.10g/t Au from 112.78m. Renaissance Gold Inc. (“Renaissance”) is pleased to report | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Felder (Internal (Rengold)) | |
| ABSTRACT: | Renaissance Gold Inc. (“Renaissance”) is pleased to report the results of the Phase one drilling program completed by its partner, Ramelius Resources Ltd. (“Ramelius”) (ASX:RMS) at the Jupiter Project in Nye County, Nevada. (See NR dated June 21, 2017). Ramelius completed a seven-hole reverse circulation drilling program, totaling 3920 feet (1195 meters) representing a preliminary test of two target areas. Six of the seven holes were drilled in the NE Pediment Gravity Target, and one hole was drilled as a first test of the Eagle Target (Figure 1). Drilling on the NE Pediment Gravity Target was the focus of this first program and was designed to test the Tertiary-Paleozoic unconformity in the vicinity of a prominent NE structural trend interpreted from the gravity data. A northwest fence of six holes was completed on this target. Significant argillic alteration with up to 10% pyrite was observed in the Tertiary volcanic and volcaniclastic section in the the top portion of these holes and jasperoidal silicification was consistently encountered at the Tertiary-Paleozoic unconformity (Figure 2). Anomalous gold mineralization was encountered in four of the six holes, hosted in high-angle structure and along the Tertiary-Paleozoic unconformity, with the best intercept of 9.14 meters grading 1.10 g Au/t in hole JURC001 (Figure 2). One hole was drilled as a first pass test of the Eagle Target and did not encounter reportable gold mineralization. A tabulation of the assay results is shown in Table 1. | |
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