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Renaissance Gold Inc.
Summary
| Project: | South Roberts | |
|---|---|---|
| Deposit: | South Roberts | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-6-2018: Renaissance Gold Inc. announces an Exploration/Drilling Update report for its South Roberts deposit at the South Roberts project. Drilling results incl. 1.65m @ 0.17g/t Au from 491.7m. Renaissance Gold Inc. TSX.V:REN (“RenGold” or the “Company” | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Felder (Internal) | |
| ABSTRACT: | Renaissance Gold Inc. TSX.V:REN (“RenGold” or the “Company”) reports that assay results have been received from the initial, 3-hole, 1100 meter (3608 feet) reconnaissance diamond drilling program at the Company’s South Roberts Project, Eureka County, Nevada. The project is located on the prolific Battle Mountain-Eureka Trend of gold deposits, and is subject to an earn-in agreement with S2 Resources Ltd. (ASX:S2R) (See NR dated July 31, 2017). Robert Felder, President and CEO states, “We are encouraged by the favorable geologic environment intersected by the drilling and that we continue to see evidence of proximity to a Carlin-type gold system. Drill hole spacing on the target is quite wide and there is a lot of room within the project area to host a significant deposit. We plan to review the existing data in further detail with our partner to come to a decision about further exploration on the project.” The objective of the initial drilling program was to test multiple target horizons associated with specific favorable stratigraphic units and contacts, located in the crest of a concealed anticline, as interpreted from past drilling and strongly supported by new controlled source audiomagnetotellurics (CSAMT) survey lines. Favorable host rocks were intersected in the predicted position and the best assay result was 1.65 meters (5.4 feet) @ 0.17 g/t gold from 491.7 meters (1613 feet) in hole NSRD0001, associated with a zone of strong brecciation and carbonate veining. The primary stratigraphic targets are shown in Figure 1 and described below: | |
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