October 18, 2019

Renaissance Gold Exploration Update

Renaissance Gold Inc. (TSX.V:REN / OTCQB:RNSGF) (“RenGold” or the “Company”) is pleased to provide an  update on its 2019 field season exploration and drilling activities to date. 

Robert Felder, President and CEO states “We have been drilling on several partner funded projects since July and  the results are coming in and will be reported as they become available. Some of our previously announced  planned drill programs have been rescheduled into 2020, but we will finish 2019 having completed drilling on  five (5) partner funded projects. We anticipate steady news flow coming out of drilling programs in the coming  months and we remain optimistic about our discovery opportunities.” 

2019 Drill Programs 


The Silicon Project, Nye County Nevada is subject to an option to purchase agreement with AngloGold Ashanti (AngloGold). AngloGold conducted drilling through May, 2019 and to date have completed 28 reverse circulation  holes totaling 11,156 meters (36,591 feet) and 19 core holes totaling 7,863 meters (25,791 feet). AngloGold has  paid RenGold US$600,000 of the total purchase price of US$3,000,000, with the final payment of US$2,400,000  due in June, 2020. AngloGold is currently working to obtain a Plan of Operations permit to allow further drilling. 


The Mars Project, Lincoln County, Nevada is subject to an earn-in agreement with Hochschild Mining plc.  Hochschild funded a soil geochemistry survey, additional geologic mapping and an induced polarization (IP)  survey. These new data were combined with existing gravity data to design several new, district scale structural  and stratigraphic targets on the project. A ten (10) hole, 2320 meter (7610 feet) reverse circulation drill program  was completed in early October, 2019. Drill samples have been submitted to the laboratory for analysis and will  be reported when they become available. 


The Jupiter project, Nye County, Nevada is subject to an earn-in agreement with Ramelius Resources Ltd. The  third drill campaign under this agreement began in mid-October, 2019 and is designed to test “Long Canyon-type”  targets occurring along the Cambrian-Ordovician unconformity. One earlier hole drilled in 2017 tested this target  and encountered jasperoidal alteration at the unconformity. The current program is designed to further test this  horizon in the vicinity of mapped mineralized structures containing gold in rock-chip assays up to 0.98 g/t. 

Ferguson Mountain 

The Ferguson Mountain project, Elko County, Nevada is subject to an earn-in agreement with Hochschild Mining  plc. A seven (7) hole, 1415 meter (4640 feet) reverse circulation drill program was completed in September, 2019  testing several favorable structural and stratigraphic targets associated with mapped, mineralized high-angle  structures. No reportable intercepts were encountered in the drilling, and the results are being reviewed with  Hochschild to determine the next step for this project.

Fat Lizard 

The Fat Lizard project, Nye County, Nevada is subject to an earn-in agreement with OceanaGold Corp. A three  (3) hole, 1303 meter (4275 foot) oriented core program was completed in September, 2019. The program was  designed to test deeper levels of an exposed high-level alteration system. No reportable intercepts were  encountered in the drilling, and the results are being reviewed with OceanaGold to determine the next step for this  project. 

Planned future drilling programs 

Spring Peak 

The Spring Peak project is subject to an earn-in agreement with OceanaGold Corp. During this field season,  OceanaGold has completed geologic mapping and sampling and a coincident CSAMT and soil survey. The  CSAMT results map several linear areas of high resistivity which are coincident with mapped silicification,  structures, interpreted hydrothermal vents and anomalous Sb, As and Au in soils. The coincidence of these  features has led to the generation of a number of compelling targets on the project. Permitting with the U.S. Forest  Service is near completion and OceanaGold has informed RenGold that they expect to have the permit within a  few weeks, however they have decided against beginning a drill program at high elevation this late in the season  due to the risk of winter weather and associated logistical concerns. The drilling program has been rescheduled  for Q2/Q3, 2020. 


The Ecru project is subject to an earn-in agreement with Nevada Star Exploration, a wholly owned subsidiary of  S2 Resources Ltd. S2 acquired magnetic data over the project area in 2019 which defined a large circular magnetic  feature which may represent a buried intrusion (See S2 news release (ASX:S2R) dated Sept. 25, 2019). S2 is  interested in exploring this target for an intrusion related gold deposit similar to the 2.7 million ounce Robertson  gold deposit to the south, now being developed by Nevada Gold Mines (see Coral Gold news release dated July  30, 2019) along with continued exploration for a lower plate Carlin-type system on the project located northeast  of the intrusive system. S2 is in a position to test several targets spanning both known deposit styles within the  project area with drilling planned in 2020.  

Jake Creek 

The Jake Creek project is subject to an earn-in agreement with Ginguro Gold Pty. Ltd. The earn-in agreement  requires a minimum expenditure from Ginguro by the next anniversary date of April 17, 2020. Ginguro has  informed RenGold that they are working on finalizing a drill program that will satisfy the expenditure commitment  prior to the anniversary. 

Generative Exploration 

The Company continues to be very active in generative exploration. Three recently generated new projects have  been advanced through target generation and are now being actively marketed. 

Baby Doe: Located in Esmeralda County, Nevada, the project consists of 84 unpatented mining claims  within an area of extensive shallow level, steam heated alteration containing historic mercury  mines. Outcropping, drilled gold systems occur to the north and south of the project area and the most  intensely altered portion of the system has seen only limited historic drilling and no known deeper tests  of the system. The Company is currently seeking a funding partner. 

Ted: Located in Mineral County, Nevada, the project consists of 23 unpatented mining claims. Extensive surface clay alteration, anomalous mercury and gold values and shallow historic drilling  support the existence of a gold-bearing epithermal system, which has not been tested to interpreted  target depths. The Company is currently seeking a funding partner.

McDO: Located in Malheur County, Oregon, the project consists of 53 unpatented mining claims. The  upper levels of the targeted system are represented by anomalous mercury on surface, and the project  targets low sulfidation epithermal gold-silver mineralization beneath the mercury occurrence associated  with caldera related structures. The Company is currently seeking a funding partner. 

Renaissance Gold Project Location Map


About Renaissance Gold Inc. 

Renaissance Gold Inc. is a western US focused prospect generator utilizing a joint venture business model.  RenGold applies the extensive exploration experience and high-end technical skills of its founders and team  members to search for and acquire high quality precious metal exploration projects that are then offered for joint  venture to industry partners who provide exploration funding. RenGold maintains a large portfolio of gold and  silver exploration properties and has entered into over 70 exploration agreements over the past 16 years including  those of its predecessor, AuEx Ventures Inc., and those from Kinetic Gold. RenGold’s objective is to place its  projects into exploration agreements, testing as many drill targets as possible and providing maximum exposure  to success through discovery.  

Qualified Person 

All technical data disclosed in this press release has been verified by RenGold’s Qualified Person, Robert  Felder, M.Sc. and Certified Professional Geologist as recognized by the American Institute of Professional  Geologists (AIPG). 

By: Robert Felder, President & CEO 

For further information, contact: 

Robert Felder 775-337-1545 or  

Ronald Parratt 775-337-1545 or  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of  the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This news release contains certain statements that may be deemed “forward-looking” statements. Forward  looking statements are statements that are not historical facts and are generally, but not always, identified by the  words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and  similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although  Renaissance Gold Inc. believes the expectations expressed in such forward-looking statements are based on  reasonable assumptions, such statements are not guarantees of future performance and actual results may differ  materially from those in forward looking statements. Forward looking statements are based on the beliefs,  estimates and opinions of Renaissance Gold Inc’s management on the date the statements are made. Except as  required by law, Renaissance Gold Inc. undertakes no obligation to update these forward-looking statements in  the event that management’s beliefs, estimates or opinions, or other factors, should change.

Back to All News Releases