Re­nais­sance Gold drills 79.2 m of 0.35 g/t Au at Buf­falo

Stockwatch Daily - - MINES & METALS - Mr. Robert Felder re­ports

RE­NAIS­SANCE GOLD Inc. has re leased as say re sults from the Buf­falo Canyon, Ne­vada, project, which is sub­ject to an earn-in agree­ment with Kin­ross Gold USA Inc. Five re­verse circulation drill holes were com­pleted on the project to­tal­ing 5,600 feet (1,707 me­tres).

Holes BCR17-01 and BCR17-02 iden­ti­fied a new zone of gold min­er­al­iza­tion along a north­west-trend­ing structure at depth be­low the pre­vi­ously drilled Ever­son de­posit. These are the first drill holes to pen­e­trate this structure and open up po­ten­tial for sig­nif­i­cant ex­pan­sion of the

de­posit. Hole BCR17-03 drilled through the core of the min­eral sys­tem with a strong in­ter­cept begin­ning at sur­face that is rep­re­sen­ta­tive of the shal­low por­tion of the Ever­son de­posit (79.2 m of 0.35 g/t Au). Both holes BCR17-01 and BCR17-04 val­i­date the pres­ence of long runs of low-grade gold min­er­al­iza­tion in the grav­els to the west and north of the out­crop­ping de­posit. These holes are im­por­tant be­cause they in­di­cate a por­tion of the de­posit has been eroded off. Hole BCR17-05 in­ter­cepted gold min­er­al­iza­tion within the in­tru­sive com­plex north of the known sys­tem which in­creases the min­er­al­ized foot­print con­sid­er­ably, and con­tained 1.5 m of 5.34 g/t Au, the high­est-grade in­ter­cept in the Ever­son de­posit to date.

Cyanide-sol­u­ble AA (atomic ab­sorp­tion) analy­ses on pulps com­pos­ited over the min­er­al­ized in­ter­vals are con­sis­tent with re­sults re­ported on pre­vi­ous chip chan­nel sam­ples, and in­di­cate po­ten­tial for good gold re­cov­er­ies with cyanide heap leach­ing. Ad­di­tional work will ex­plore for higher-grade zones of min­er­al­iza­tion which may be pre­served un­der cover, within or along the mar­gins of the in­tru­sive com­plex.

(See REN Ta­ble 1 on page 16)

Robert Felder, pres­i­dent and chief ex­ec­u­tive of­fi­cer, stated: “We are en­cour­aged by the re­sults of this pro­gram, in­di­cat­ing sig­nif­i­cant ex­pan­sion po­ten­tial of the known min­er­al­iza­tion as well as en­coun­ter­ing higher gold grades within thick in­ter­vals of the lower-grade min­er­al­iza­tion. The po­ten­tial to ex­pand this de­posit un­der cover and po­ten­tially drill into the uneroded part of the in­tru­sive could rep­re­sent a sig­nif­i­cant break­through for the project.”

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease ([email protected]­

Richard L Jr Bedell, Robert Gavin Boaz, Robert P Felder, Lee A Graber, Ti­mothy Mark Janke, Di­eter A Krewedl, Ron­ald L Par­ratt

(REN) Shares: 49,368,941

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.