http://www.proactiveinvestors.com Proactiveinvestors RSS feed en Sat, 20 Jan 2018 06:10:41 -0500 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Renaissance Gold nudges higher as it expects drill testing at six projects this year ]]> http://www.proactiveinvestors.com/companies/news/189545/renaissance-gold-nudges-higher-as-it-expects-drill-testing-at-six-projects-this-year-189545.html Shares in prospect generator firm Renaissance Gold Inc (CVE:REN) nudged over 4% in early deals as it outlined a very productive 2017 and said it hopes to see at least six projects drilled by partners again in 2018.

That was the number of projects drill tested in 2017 after the group completed ten key deals and completed two private placings, which bought C$2.2mln into the firm.

READ - Renaissance Gold says Buffalo Canyon drill results underline potential

The company also completed the acquisition of Kinetic Gold Corp, which marked a "significant evolution" in the project portfolio and management, it said.

The Pluto project in Nevada, operated by a subsidiary of S2 Resources Ltd, is subject to an earn-in deal - the first of three with S2.

It contained an exciting target concept with strong support from gold assays on the surface, explained Robert Felder, Renaissance's president and chief executive.

"....however, the drilling and downhole gold assays did not substantiate the geologic and target model as we had hoped," he added.

"We very much look forward to continuing to work with them (S2) as we go forward into 2018. Our outlook for the coming year is very optimistic.

"We have ramped up our joint venture business activities significantly and now have 11 of our projects in deals with partners.

Felder added: "We continue our project generation work and are always marketing to bring in new partners to fund exploration on our properties. Based on current deals in place, the company expects to see at least six projects drilled by partners again this year."

READ - Renaissance Gold advances as Couer Mining options into Cine Mountain project

Meanwhile, the group's Jupiter project in Nye county, Nevada, is subject to an earn-in agreement with Ramelius Resources.

Ramelius completed a phase 1, seven-hole reverse circulation (RC) drilling program in December, representing a preliminary test of two target areas.

Samples were submitted late last month, and results will be released when available, the firm said.

Shares in Toronto rose 4.08% to C$0.26.

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Thu, 04 Jan 2018 11:16:00 -0500 http://www.proactiveinvestors.com/companies/news/189545/renaissance-gold-nudges-higher-as-it-expects-drill-testing-at-six-projects-this-year-189545.html
<![CDATA[News - Renaissance Gold says Buffalo Canyon drill results underline potential ]]> http://www.proactiveinvestors.com/companies/news/188390/renaissance-gold-says-buffalo-canyon-drill-results-underline-potential-188390.html Shares in prospect generator firm Renaissance Gold Inc (CVE:REN) nudged higher as it unveiled encouraging drill assays from the Buffalo Canyon project in Nevada.

The site is the subject of an earn-in deal with mining major Kinross Gold, which can  earn a 70% interest in the Spruce East, Diamond Point, and Buffalo projects in the US state within 10 years.

Five holes were sunk aimed at testing several targets, both for the lateral and vertical expansion of known mineralization found around the so-called Everson deposit and to explore for higher-grades.

Renaissance noted that long runs of mineralisation were hit, for example 79.2 metres (m) at 0.35 g/t (grams per ton) gold, and 47.2m at 0.28 g/t.

One hole hit gold north of the known system which increases the mineralized footprint, the group also noted.

That hole yielded 1.5 m of 5.34 g/t  of the yellow metal, which is the highest-grade intercept in the Everson deposit to date.

"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," said Robert Felder, president and chief executive.

"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."

Shares in Renaissance nudged 2.22% higher at C$0.23 each.

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Wed, 06 Dec 2017 12:06:00 -0500 http://www.proactiveinvestors.com/companies/news/188390/renaissance-gold-says-buffalo-canyon-drill-results-underline-potential-188390.html
<![CDATA[News - Renaissance Gold advances as Couer Mining options into Cine Mountain project ]]> http://www.proactiveinvestors.com/companies/news/188218/renaissance-gold-advances-as-couer-mining-options-into-cine-mountain-project-188218.html Prospect generator firm Renaissance Gold Inc (CVE:REN) saw shares add over 4% in Toronto as it outlined recent progress and said it had struck an option deal on the Cine Mountain project in Nevada.

The agreement grants Coeur Mining ( a subsidiary of Couer Explorations Inc) the option to acquire a 70%  stake in the project by spending US$3mln over three years, with a minimum annual work commitment of US$250,000.

READ - Renaissance Gold hails encouraging results from Spruce East drilling WATCH - Renaissance Gold enjoying a pretty good run of activity

Upon signing, Coeur made a one time payment to the firm of US$50,000, Renaissance said.

The project consists of 177 unpatented claims and covers a large area of precious metal bearing jasperoids, mainly in Devonian and Mississippian carbonate and clastic host rocks.

The group said that 109 surface samples taken from the project range in grade from below detection limit up to 10.4 g/t (grams per ton) of gold, including several samples in excess of 1 g/t of the yellow metal.

Interpretation of the rock chip geochemistry suggests the possibility of two geochemical signatures - one characterized by gold, silver, aresenic, antimony -  with a second being silver, lead, zinc and antimony and copper, similar to the nearby historic Tybo district.

Also in today's update, Renaissance said it had staked claims on a new project called the F2 graben, covering a new gold exploration target in Pershing County, Nevada.

The target model resembles the geologic setting of the high-grade Sleeper gold mine, which lies around 75 km to the north in Humboldt County.

"We are very pleased to have Coeur as a partner in exploration, both through the generative alliance and now as an exploration partner on Cine Mountain," said Robert Felder,  Renaissance's president and chief executive.

"We look forward to continuing this productive relationship. This earn-in agreement with Coeur brings the company to eleven properties in deals and funded by partners.

"We are also happy to announce two new projects coming out of our generative program this year and to have already placed one in a deal with Coeur."

Ronald Parratt, the executive chairman, added: "I'm pleased to see Renaissance so effectively executing its prospect generator/joint venture model.

"The company has meaningfully ramped up its exploration drilling in 2017 and will again in 2018. A strong generative program and effective marketing for new partners will help sustain this effort and improve our chances for a new discovery."

Shares in Toronto added 4.17% to stand at C$0.25.

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Mon, 04 Dec 2017 11:39:00 -0500 http://www.proactiveinvestors.com/companies/news/188218/renaissance-gold-advances-as-couer-mining-options-into-cine-mountain-project-188218.html
<![CDATA[News - Renaissance Gold says Felder now chief executive and president ]]> http://www.proactiveinvestors.com/companies/news/187321/renaissance-gold-says-felder-now-chief-executive-and-president-187321.html Prospect generator firm Renaissance Gold Inc (CVE:REN) said Robert Felder has been named as chief executive as well as his role as president following an annual general and special shareholder meeting on November 14.

Ronald Parratt will remain as executive chairman, the group added.

"Since RenGold acquired Kinetic Gold on May 29, 2017, and Bob Felder was appointed president, he has clearly demonstrated the strengths and judgment we expected from him in his abilities involving technical issues, corporate and exploration management, and interpersonal skills working not only with RenGold staff but importantly with industry partners," said Parratt.

Shareholders also voted in favour of adopting the company's 10% rolling stock option plan.

Renaissance Gold is a Western US-focused prospect generator using a joint venture business model. It is a  spin-out of AuEx Ventures Inc, the discoverer of the Long Canyon gold deposit in Nevada, now in production by Newmont Mining.

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Wed, 15 Nov 2017 11:26:00 -0500 http://www.proactiveinvestors.com/companies/news/187321/renaissance-gold-says-felder-now-chief-executive-and-president-187321.html
<![CDATA[News - Renaissance Gold hails encouraging results from Spruce East drilling ]]> http://www.proactiveinvestors.com/companies/news/186296/renaissance-gold-hails-encouraging-results-from-spruce-east-drilling-186296.html Prospect generator firm Renaissance Gold Inc (CVE:REN) updated on drilling at its Kinross earn-in projects in Nevada, where notably it said results from Spruce East were encouraging.

The group has now completed drilling on the Spruce East, Diamond Point and Buffalo Canyon projects.

READ - Renaissance Gold agrees amendment to Magna Terra property sale WATCH - Renaissance Gold enjoying a pretty good run of activity

In February, Renaissance inked a letter of intent (LOI) with Kinross Gold USA Inc (NYSE:KGC), which could grant Kinross the option to acquire a 70% interest in these three exploration projects within 10 years.

At Spruce East, in one hole 10 feet (three metres) of 0.61 g/t (grams per ton) of gold was hit from 535 feet to 545 feet.

This gold is associated with a 30 meter (m) thick zone of anomalous geochemistry from 500 feet to 600 feet (152 m to 183 m), which averages 0.19 parts per million (ppm) gold and 0.9 ppm silver, 668 ppm arsenic, 0.4 ppm mercury, 56 ppm antimony, and 3.6 ppm titanium.

All this defines a Carlin-like geochemical cell on the project which remains open and minimally tested, Renaissance said.

At Diamond Point, six reverse circulation (RC) drill holes have been completed but no significant multi-sample gold intervals were intersected.

At Buffalo Canyon, five RC holes were sunk, three of which hit thick zones of altered biotite hornfels containing abundant quartz tourmaline veining, which is characteristic of known gold mineralization on the project.

"We are pleased to be progressing in our planned, partner funded drill programs, beginning with the Kinross projects," said Robert Felder, Renaissance's president.

"The results from Spruce East are encouraging in that they have identified a significant Carlin-type alteration system and encountered several intercepts of anomalous gold mineralization that remains open.

"We are also very excited to begin drilling on both Pluto and Jupiter, two new high quality projects containing multiple targets which have never been drill tested.

"This level of activity and the drill testing of several projects per year is exactly what a prospect generator needs to do to achieve the ultimate goal of making a significant discovery for shareholders."

The Pluto project lies in Lander county, Nevada, and is one of three properties under earn-in agreements with S2 Resources Ltd.

Drilling has started and the initial program is designed to test for Antler Sequence hosted gold-silver mineralization beneath the Golconda Thrust.

The Jupiter project is in in Nye county, Nevada, and is under an earn-in agreement with Ramelius Resources Ltd.

Renaissance has already defined several new and untested drill targets, many of which are in same geologic environment as Newmont's Long Canyon gold mine. Drilling is expected to begin in the fourth quarter of 2017.

Renaissance  Gold shares in Toronto eased 3.03% to C$0.32 each.

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Thu, 26 Oct 2017 11:49:00 -0400 http://www.proactiveinvestors.com/companies/news/186296/renaissance-gold-hails-encouraging-results-from-spruce-east-drilling-186296.html
<![CDATA[News - Renaissance Gold agrees amendment to Magna Terra property sale ]]> http://www.proactiveinvestors.com/companies/news/185815/renaissance-gold-agrees-amendment-to-magna-terra-property-sale-185815.html Western-US focused prospect generator Renaissance Gold Inc (CVE:REN) announced an amendment to an earlier agreement on the sale of its subsidiary AuEx.

In early 2014, the firm struck a deal to sell AuEx to Magna Terra Minerals Inc for immediate and deferred consideration.

Renaissance has now  agreed to accept $25,000 in cash and 250,000 shares of Magna Terra (approximately $15,000 in value) for a total consideration of $40,000 for the termination of certain rights the company had for future cash payments totalling $80,000.

The group does retain, however, a NSR (net smelter return) on certain properties.

Last month, the firm  outlined the range of progress made in 2017, including drilling at its Nevada projects, which has been financed by mining major Kinross Gold USA Inc.

As reported in February this year, Renaissance inked a letter of intent (LOI) with Kinross Gold USA Inc (NYSE:KGC), which could grant Kinross the option to acquire a 70% interest in the Spruce East, Diamond Point, and Buffalo Canyon exploration projects  in Nevada within 10 years.

Drilling on the Diamond Point project is now complete and was designed to target Carlin-style mineralization under shallow cover, with assays pending, while RC (reverse circulation)  drilling at Spruce East is now underway.

Meanwhile, RC drilling at Buffalo Canyon will test for intrusion-related mineralization laterally and below historic drilling which intercepted long runs of low-grade gold mineralization, the mining group added.

Elsewhere, a  200m x 400m gravity survey was recently completed at its 100% owner Wood Hills South project in Nevada, which mapped a distinct, northeast-trending horst block.

The firm is currently conducting additional gravity and magnetic surveys on other early-stage exploration targets as part of its ongoing target generation efforts.

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Wed, 18 Oct 2017 09:08:00 -0400 http://www.proactiveinvestors.com/companies/news/185815/renaissance-gold-agrees-amendment-to-magna-terra-property-sale-185815.html
<![CDATA[Media files - Renaissance Gold enjoying a pretty good run of activity ]]> http://www.proactiveinvestors.com/companies/stocktube/8084/renaissance-gold-enjoying-a-pretty-good-run-of-activity-8084.html Fri, 15 Sep 2017 11:05:00 -0400 http://www.proactiveinvestors.com/companies/stocktube/8084/renaissance-gold-enjoying-a-pretty-good-run-of-activity-8084.html <![CDATA[News - Renaissance Gold outlines recent progress including drilling at Nevada projects ]]> http://www.proactiveinvestors.com/companies/news/183544/renaissance-gold-outlines-recent-progress-including-drilling-at-nevada-projects-183544.html Western-US focused prospect generator Renaissance Gold Inc (CVE:REN) has outlined the broad range of progress made, including drilling at its Nevada projects, which has been financed by major Kinross Gold USA Inc.

As reported in February this year, Renaissance inked a letter of intent (LOI) with Kinross Gold USA Inc (NYSE:KGC), which could grant Kinross the option to acquire a 70% interest in the Spruce East, Diamond Point, and Buffalo Canyon exploration projects  in Nevada within 10 years.

Assays pending at Diamond Point...

Drilling on the Diamond Point project is now complete and was designed to target Carlin-style mineralization under shallow cover, Renaissance said today, with assays pending, while RC (reverse circulation)  drilling at Spruce East is now underway.

Meanwhile, RC drilling at Buffalo Canyon will test for intrusion-related mineralization laterally and below historic drilling which intercepted long runs of low-grade gold mineralization, the mining group added.

Elsewhere, a  200m x 400m gravity survey was recently completed at its 100% owner Wood Hills South project in Nevada, which mapped a distinct, northeast-trending horst block.

The firm is currently conducting additional gravity and magnetic surveys on other early-stage exploration targets as part of its ongoing target generation efforts.

Progress expected 

Renaissance's president Robert Felder said: "We are pleased to see the start of drilling on our projects and look forward to getting a number of targets drilled during the remainder of 2017 and more in 2018.

"We are also making good progress on our generative exploration program with the aim to continue generating new high-quality projects while a good portion of our existing portfolio is getting drill tested."

In May this year, the group bought Kinetic Gold Corp via a share purchase deal and today Renaissance Gold chairman and chief executive Ronald Parratt said: "Our integration with Kinetic Gold has progressed seamlessly in terms of people and projects and has accelerated our joint venture business model with several new agreements, active project work, and importantly, new project generation.

"We are looking forward to a highly productive next 12 months and have activities underway to keep up the momentum well into 2018."

Renaissance Gold shares added 2.38% to stand  at C$0.43 each.

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Wed, 06 Sep 2017 09:26:00 -0400 http://www.proactiveinvestors.com/companies/news/183544/renaissance-gold-outlines-recent-progress-including-drilling-at-nevada-projects-183544.html
<![CDATA[News - Renaissance Gold offers Kinross Gold a 70% stake in Nevada projects ]]> http://www.proactiveinvestors.com/companies/news/173409/renaissance-gold-offers-kinross-gold-a-70-stake-in-nevada-projects-173409.html Renaissance Gold Inc. (CVE:REN) said on Monday it has signed a Letter of Intent with Kinross Gold U.S.A., Inc. (NYSE:KGC) which could grant Kinross the option to acquire a 70% interest in the Spruce East, Diamond Point, and Buffalo Canyon exploration projects located in Nevada within 10 years.

The Spruce East and Diamond Point projects in Elko County were recently acquired by RenGold and Buffalo Canyon in Nye County is drill permit ready.  Each project will be subject to a separate exploration earn-in agreement.

Kinross will advance RenGold $500,000 to carry out and conduct exploration for the first agreement year among the three projects, as directed by Kinross. Subsequent years will have increasing minimum expenditures for each project of $200k, then $300k, and finally $500k per year through year 10, totaling $4mln to vest an undivided 70% interest in each project. Kinross may accelerate vesting by spending $5mln before the end of the seventh year.

Kinross will subscribe for such number of common shares in the capital of RenGold, amounting to no less than 5% and not more than 9.9% of the issued and outstanding shares of RenGold at a price of C$0.33 per share. The private placement and any modification to it are subject to compliance with applicable securities laws and to receipt of regulatory approval. The proceeds from the private placement will be used by RenGold for general corporate purposes.

In addition, RenGold will grant to Kinross for a period of not more than three years a Right of First Refusal (ROFR) to acquire new projects developed by RenGold under arms-length terms in a defined area of Nevada. The ROFR can be used a maximum of three times within the three years of the agreement.

“This agreement provides an excellent opportunity to accelerate the exploration of three properties in the RenGold portfolio. A total of 6 projects out of 15 are now in earn-in agreements with industry partners. It is anticipated that all three projects will see some drilling this year and, based on outcomes, aggressive follow-up may be warranted,” said Ronald Parratt, President and CEO.

“We're pleased with the confidence placed in RenGold by Kinross and it is a pleasure to add a company such as Kinross to our shareholder list. They will be the fourth major mining company to hold an interest in the Company."

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Mon, 20 Feb 2017 11:26:00 -0500 http://www.proactiveinvestors.com/companies/news/173409/renaissance-gold-offers-kinross-gold-a-70-stake-in-nevada-projects-173409.html
<![CDATA[News - Renaissance Gold to carry out grass roots exploration for Coeur in Nevada ]]> http://www.proactiveinvestors.com/companies/news/172931/renaissance-gold-to-carry-out-grass-roots-exploration-for-coeur-in-nevada-172931.html Renaissance Gold Inc (CVE:REN) has extended its relationship with Coeur Mining Inc (NYSE:CDE) by given the US group first refusal rights over a number of prospects in Nevada.

Coeur will pay Renaissance US$250,000 per year for two years to carry out grass roots exploration.

After that, any project Coeur wants to go forward with will require exploration spending of up to US$3mln over three years for a 70% stake.

Ronald Parratt, Renaissance’s chief executive, said: “We are very excited to have a growing relationship with such a strong company as Coeur.

“Not only are they funding exploration of our Arabia project but are now willing to also finance grassroots exploration.”

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Thu, 09 Feb 2017 14:49:00 -0500 http://www.proactiveinvestors.com/companies/news/172931/renaissance-gold-to-carry-out-grass-roots-exploration-for-coeur-in-nevada-172931.html