| Renaissance Gold Starts Drilling at the Fourth of July Project Humboldt Range Nevada | |
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WHITE ROCK, British Columbia--(BUSINESS WIRE)-- Renaissance Gold Inc. (REN.TO) (“RenGold”) is pleased to announce that core drilling started October 2nd at the Arizona Mine area on the Fourth of July Project, fully funded by Summit Mining Exploration II, Inc., (“Summit II”) a US subsidiary of Sumitomo Corporation. The project lies in the northern portion of a prolific belt of silver+/-gold deposits in the Humboldt Range in Pershing County that includes the evolving Spring Valley Project (>5 M.Oz. Au) being developed by Midway Gold and Barrick, the Coeur Rochester Mine with over 300 million ounces in silver and 1 million ounces of gold endowment, and the growing Relief Canyon gold project under development by Pershing Gold. The Arizona mine was one of the largest silver producers in Nevada between 1860 and 1880. Past mining of precious metals focused on high-grade flat reefs in Triassic-age Prida Limestone. Drilling will test large-tonnage targets beneath the Prida Limestone in a sequence of Koipato-group rhyolite flows, tuffs, and intrusive porphyries that are the major hosts of mineralization at the nearby Spring Valley and Rochester deposits. Specific targets include stockworks, hangingwall fault splays, fault intersections, and reactivated structural zones. The initial 3,000-foot core drill program will test first-priority targets and document the three-dimensional geologic setting in preparation for a larger program in 2015 that will include reverse circulation drilling. Richard Bedell, President and CEO of RenGold comments: “Historically this is a very rich mining area which has received no modern exploration. Our recent property consolidation in the district allows us to proceed in a more comprehensive manner where others couldn’t. In addition, the recent resource growth at the nearby Spring Valley, Coeur Rochester and Relief Canyon projects makes this part of the Humboldt Range one of the more successful exploration areas in Nevada in the last decade." |
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Renaissance Gold Inc.
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CODE : REN.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Renaissance Gold is a gold exploration 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. |