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Utah |
| Renaissance Gold Enters into Earn-in Agreement with Troymet Exploration at Its Wildcat Gold Project, Utah | |
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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$500,000 per year through year 7, at which point Bankable Feasibility must be achieved to vest 70%. In addition, RenGold will do the initial work on the property. This will include surface trenching and work to define the drill targets and should well exceed the minimum work commitment to prepare for drilling in 2016. Wildcat lies in the Detroit Mining District, an historic gold producing region in the northern Drum Mountains of central Utah. Surface samples of over 4 ounces per ton gold have been obtained from jasperoid outcrops. The best drill hole at Wildcat to-date, completed by Gold Fields Mining Corp. in the 1980's, reported an intercept of 75 feet of 0.037 opt gold (true thickness unknown). The mineralization has some Carlin-like features with high grade gold in jasperoids hosted by Cambrian sediments similar to Long Canyon in Nevada. However, the broader geochemistry points to a strong intrusive source and mineralization within caldera related faults suggests intrusion related structural targets. |
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Renaissance Gold Inc.
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CODE : REN.TO |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Renaissance Gold est une société d’exploration minière d'or basée au Canada. Renaissance Gold détient divers projets d'exploration en USA. Son principal projet en exploration est ROSE MINE NEVADA en USA. Renaissance Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 5,0 millions CA$ (3,7 millions US$, 3,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 octobre 2010 à 9,53 CA$, et son plus bas niveau récent le 09 août 2013 à 0,02 CA$. Renaissance Gold possède 31 954 577 actions en circulation. |