Risk and valuation analysis of the REN Gold Project |
Status Risk : Early discovery |
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Title(s) of the REN Gold Project |
| Novus Gold Owner: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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| Terra Ventures Inc. Option: 51% |
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Title | Company Profile | All Projects | Company website | Company project page |
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Terra has now exercised formally its option with Novus and it is the owner of a 51% interest in the REN Property. |
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History of the REN Gold Project |
Two gold showings were discovered in the REN claims area in 1964 by Point Lake prospecting Syndicate (AR 017346, 017348). Ten years later another two gold showings were found by Texas Gulf Incorporated (AR 080527). Twenty-six holes were drilled totalling 3,145 metres.
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Geology of the REN Gold Project |
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The area is within the Slave Geological Province and is underlain by sedimentary and volcanic rocks. Greywacke and mudstone turbidites are interbedded with iron formation; these rocks are north trending and steeply dipping. Intermediate to felsic vol more...
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