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Renaissance Gold Inc.
Summary
| Project: | Spruce East | |
|---|---|---|
| Deposit: | Spruce East | |
| Location: | United States | |
| Commodities: | Gold-Silver-Mercury-Arsenic-Antimony-Titanium | |
| Date: | 10/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-10-2017: Renaissance Gold Inc. announces an Exploration/Drilling Update report for its Spruce East deposit at the Spruce East project. Drilling results incl. 30m @ 0.19ppm Au, 0.9ppm Ag, 668ppm As, 0.4ppmHg, 50ppm Sb, 3.6ppm Ti. Renaissance Gold Inc. ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Daniel Pace (Internal) | |
| ABSTRACT: | Renaissance Gold Inc. (TSX.V: REN) (“RenGold” or the “Company”) is pleased to announce the completion of drilling on the Spruce East, Diamond Point and Buffalo Canyon projects, all of which are in earn-in agreements funded by Kinross Gold U.S.A., Inc. (See NR dated May 15, 2017). These are the first three of several projects in Nevada that we anticipate completing drilling programs on by Q1-2018. Five reverse circulation drill holes have been completed, totaling 3985 feet (1215 m) testing two target zones. Holes SE17-02 and SE17-03 were designed to test the Scorpion fault and intersected quartz and calcite vein swarms but no significant gold mineralization. Robert Felder, President states “We are pleased to be progressing in our planned, partner funded drill programs, beginning with the Kinross projects. The results from Spruce East are encouraging in that they have identified a significant Carlin-type alteration system and encountered several intercepts of anomalous gold mineralization that remains open. We are also very excited to begin drilling on both Pluto and Jupiter, two new high quality projects containing multiple targets which have never been drill tested. This level of activity and the drill testing of several projects per year is exactly what a prospect generator needs to do to achieve the ultimate goal of making a significant discovery for shareholders.” Ronald Parratt, CEO and Executive Chairman states, “Discoveries found in greenfield exploration result from drilling and Renaissance has a portfolio of such projects that are being drill tested now or that will be tested in the coming months. In addition, our generative activity continues and will keep our project pipeline full for further drilling into 2018 and beyond. Our exploration team is very busy these days and excited about our chances for success.” | |
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