Renaissance Gold Inc.

Published : February 23rd, 2015

Renaissance Gold Enters into Earn-in Agreement with Troymet Exploration at Its Wildcat Gold Project, Utah

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Keywords :   Gold | Utah |

Renaissance Gold Enters into Earn-in Agreement with Troymet Exploration at Its Wildcat Gold Project, Utah

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

Renaissance Gold Inc. (REN.TO) (“RenGold”) is pleased to announce the execution of an earn-in agreement with the US subsidiary of TroyMet Exploration Corp. (TYE.V) on the Wildcat gold project located in Juab County, Utah.

The agreement includes a payment of US$50,000 on execution and reimbursement of last year's claim fees. A minimum work commitment in the first agreement year of US$50,000 escalating to US$250,000 year 2, US$350,000 year 3, and US$500,000 per year through year 7, at which point Bankable Feasibility must be achieved to vest 70%. In addition, RenGold will do the initial work on the property. This will include surface trenching and work to define the drill targets and should well exceed the minimum work commitment to prepare for drilling in 2016.

Wildcat lies in the Detroit Mining District, an historic gold producing region in the northern Drum Mountains of central Utah.

Surface samples of over 4 ounces per ton gold have been obtained from jasperoid outcrops. The best drill hole at Wildcat to-date, completed by Gold Fields Mining Corp. in the 1980's, reported an intercept of 75 feet of 0.037 opt gold (true thickness unknown).

The mineralization has some Carlin-like features with high grade gold in jasperoids hosted by Cambrian sediments similar to Long Canyon in Nevada. However, the broader geochemistry points to a strong intrusive source and mineralization within caldera related faults suggests intrusion related structural targets.

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Renaissance Gold Inc.

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Renaissance Gold is an exploration gold company based in Canada.

Renaissance Gold holds various exploration projects in USA.

Its main exploration property is ROSE MINE NEVADA in USA.

Renaissance Gold is listed in Canada. Its market capitalisation is CA$ 5.0 millions as of today (US$ 3.7 millions, € 3.5 millions).

Its stock quote reached its highest recent level on October 29, 2010 at CA$ 9.53, and its lowest recent point on August 09, 2013 at CA$ 0.02.

Renaissance Gold has 31 954 577 shares outstanding.

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Corporate news of Renaissance Gold Inc.
1/20/2016Renaissance Gold Exploration Update
11/6/2015Renaissance Gold to Commence Trading On TSX Venture Exchange
9/30/2015Renaissance Gold Announces Results Of Annual General Meeting...
9/24/2015Renaissance Gold Reports Year-End 2015 Results
9/14/2015Renaissance Gold Acquires the Maggie Creek Project in the Ca...
9/9/2015Renaissance Gold Starts Drilling at Fourth of July Project
8/25/2015Renaissance Gold Golden Shears Update
7/27/2015Renaissance Gold Wildcat Project Update
6/23/2015Renaissance Gold Exploration and Business Update
5/15/2015Renaissance Gold Reports Third Quarter 2015 Results
4/23/2015Renaissance Gold Exploration Update
4/21/2015Renaissance Gold Responds to Technical Disclosure Review
3/26/2015Renaissance Gold Announces Exploration Results Wood Hills So...
3/26/2015Renaissance Gold Announces Earn-In Agreement with Walmer Cap...
3/2/2015Renaissance Gold Announces Earn-in Arrangement with Coeur Mi...
2/23/2015Renaissance Gold Enters into Earn-in Agreement with Troymet ...
2/17/2015Renaissance Gold Drill Results Fourth of July Silver-Gold Pr...
2/12/2015Renaissance Gold Reports Second Quarter 2015 Results
1/19/2015Renaissance Gold - President's Update January 2015
11/18/2014First Liberty Power Announces Arabia Property Purchase Updat...
11/14/2014Renaissance Gold Reports First Quarter 2015 Results
11/4/2014Drilling Starts at Wood Hills South, Pequop Gold District Ne...
10/30/2014Large Land Package in the Pequops is Given Six Year Extensio...
10/27/2014Renaissance Gold Announces Results of Annual General and Spe...
10/20/2014Renaissance Gold Exploration Update
10/7/2014Renaissance Gold Starts Drilling at the Fourth of July Proje...
9/15/2014Renaissance Gold Reports Fiscal Year 2014 Results
7/18/2014Renaissance Gold Adopts Advance Notice Policy
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