https://www.proactiveinvestors.com Proactiveinvestors RSS feed en Thu, 18 Oct 2018 15:15:37 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Renaissance Gold signs agreement to expand Ecru project in Nevada ]]> https://www.proactiveinvestors.com/companies/news/202151/renaissance-gold-signs-agreement-to-expand-ecru-project-in-nevada-202151.html Nevada-based, gold-silver-focused Renaissance Gold Inc. (CVE:REN) announced Thursday it has entered into a mining sublease agreement with Newmont USA Ltd., covering approximately 1,120 acres of mineral rights adjacent the firm's controlled claims on its Ecru project in Lander county in Nevada.

The Ecru project is located in the Cortez area on the prolific Battle Mountain-Eureka trend of gold deposits.

"We are very pleased to have completed the Newmont Lease and bring this prospective ground into our project. We are now in a position to most effectively test the targets on the project, exploring for Carlin-type gold mineralization in this world class district," said president and chief executive officer Robert Felder.

The Newmont Lease is for a period of 10 years, with an option to extend the lease for an additional five years, and then indefinitely so long as mining, development or processing operations are being conducted on the property on a continuous basis.

RenGold is required to make annual payments to Newmont which will be deemed advance royalty payments to be offset against any future royalty obligations in the event of a mine being developed. Newmont holds a 0.875% net smelter return (NSR) on the leased ground.

READ: Renaissance Gold: refining the art of mineral exploration

The Newmont Lease area lies within the area of interest of an investment agreement with S2 Resources Ltd. (ASX:S2R), and will be included in the existing earn-in terms of that agreement. S2 will be responsible for maintaining the Newmont Lease during the term of the agreement.

The company said the existing geophysical coverage (gravity and audiomagnetotellurics (AMT) will be extended over the Newmont Lease ground in the coming weeks, to help to provide maximum data for the siting of the planned initial deep stratigraphic/reconnaissance drilling, which is planned for Q4, 2018. 

Shares of Renaissance Gold were down 5% at C$0.19 on Thursday. 

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Thu, 02 Aug 2018 18:08:00 -0400 https://www.proactiveinvestors.com/companies/news/202151/renaissance-gold-signs-agreement-to-expand-ecru-project-in-nevada-202151.html
<![CDATA[News - Renaissance Gold reveals follow up drilling has started at Jupiter project, Nevada ]]> https://www.proactiveinvestors.com/companies/news/202030/renaissance-gold-reveals-follow-up-drilling-has-started-at-jupiter-project-nevada-202030.html Prospect generator group Renaissance Gold Inc (CVE:REN) said partner Ramelius Resources Ltd has started a follow-up drilling programme on its Jupiter project in Nevada.

The current phase 2 follow-up programme includes plans for 1,524 m (meters) of RC (reverse circulation) drilling in seven holes, offsetting the mineralization encountered in phase 1, and also drilling structural targets to explore for potential higher-grade feeder structures.

Second round of drilling

"We are very pleased to have our partner returning for a second round of drilling," said Robert Felder, the president and chief executive at Renaissance.

"The drill results from 2017 identified significant gold mineralization nearly a kilometre away from previously known gold mineralization on the property.

"This opens up a large, prospective area for discovery on the project and we are very much looking forward to the results of this exciting programme."

Renaissance is a Western -US-focused prospect generator using a joint venture business model.

Shares were unchanged at C$0.20 at the time of writing.

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Wed, 01 Aug 2018 10:46:00 -0400 https://www.proactiveinvestors.com/companies/news/202030/renaissance-gold-reveals-follow-up-drilling-has-started-at-jupiter-project-nevada-202030.html
<![CDATA[News - Renaissance Gold excited about next round of Kinross drilling at Spruce East ]]> https://www.proactiveinvestors.com/companies/news/201460/renaissance-gold-excited-about-next-round-of-kinross-drilling-at-spruce-east-201460.html Prospect generator group Renaissance Gold Inc (CVE:REN) revealed that follow-up drilling has been started at its  Spruce East project in Elko county, Nevada.

"We are very pleased to have Kinross returning for a second round of drilling following last year's encouraging results on the Cicada target, and also to be testing additional targets at Spruce East for the first time," said Robert Felder, president and chief executive.

Last year the firm inked a letter of intent with Kinross Gold U.S.A. which could grant the latter the option to acquire a 70% interest in the Spruce East, Diamond Point, and Buffalo Canyon exploration projects, all in Nevada within 10 years.

Last year Kinross financed a five-hole reverse circulation (RC) drilling program  to test the Cicada and Scorpion target areas.

Anomalous gold mineralization

The work encountered anomalous gold mineralization and Carlin-suite geochemistry and extended the strike length of this gold-bearing structure to 960 metres (m).

The system remains open and will be further tested as part of the current drilling, which will consist of around 2,134 m (7,000 feet) of RC drilling in up to 10 holes.

It will also include the first tests of two other target areas.

Beetle and Tick targets

These are the Beetle target, which contains up to 1.5 g/t (grams per ton) gold in rocks near a series of northwest-trending rhyolite dikes coincident with the axis of a regional north-trending antiform.

Also, the Tick target, which contains anomalous gold in soils (up to 0.046 g/t of the yellow metal) and rocks (up to 1 g/t gold) adjacent to a collapsed adit in decalcified limestone breccia in a recessive weathering zone with no outcrop.

Felder went on: "This is the first of three partner-funded, follow-up drill programs planned on the company's projects this year and each of these are following up encouraging phase 1 drill results.

"All are high-quality targets that represent significant discovery opportunities for the company and its shareholders."

Shares were unchanged at C$0.215.

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Tue, 24 Jul 2018 09:33:00 -0400 https://www.proactiveinvestors.com/companies/news/201460/renaissance-gold-excited-about-next-round-of-kinross-drilling-at-spruce-east-201460.html
<![CDATA[News - Renaissance Gold welcomes AngloGold's payment and decision on Silicon project in Nevada ]]> https://www.proactiveinvestors.com/companies/news/198619/renaissance-gold-welcomes-anglogold-s-payment-and-decision-on-silicon-project-in-nevada-198619.html Prospect generator Renaissance Gold Inc (CVE:REN) has welcomed mining major AngloGold Ashanti's (JSE:ANG) decision to keep its 100% earn-in option on the Silicon project in Nye County, Nevada for a second year.

It follows Anglo completing detailed geologic mapping, a soil geochemistry program and a six-hole drilling program on the project.

Anglo has also made its first anniversary payment of US$200,000 to Renaissance, the company said.

"We are quite pleased that Anglo's work has generated enough encouragement for them to maintain the option for another year and that they plan further work," said Robert Felder, the president and chief executive of Renaissance Gold.

"We look forward to additional drilling during continuing exploration on the property."

The Silicon project lies in the Bare Mountains mining district of Nye County, Nevada.

It consists of 277 unpatented mining claims owned by the company totalling around 5,702 acres (2,308 hectares) and was identified and acquired through the firm's ongoing generative exploration program.

It contains extensive exposures characteristic of an epithermal gold system.

Intense acid leaching has created localized areas of high purity silica, which have been mined in the past.

The property also contains numerous historic mercury prospects.

Limited drilling has taken place and the majority of the property remains untested.

The project is near Corvus Gold Inc's (CVE:KOR) North Bullfrog and Mother Lode projects, and Northern Empire Resources' (CVE:NM) Sterling mine.

Both of these companies are active and reporting good drill results.

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Mon, 11 Jun 2018 09:33:00 -0400 https://www.proactiveinvestors.com/companies/news/198619/renaissance-gold-welcomes-anglogold-s-payment-and-decision-on-silicon-project-in-nevada-198619.html
<![CDATA[News - Renaissance Gold brings in C$3.11mln from placing for exploration and marketing ]]> https://www.proactiveinvestors.com/companies/news/197203/renaissance-gold-brings-in-c311mln-from-placing-for-exploration-and-marketing-197203.html Renaissance Gold Inc (CVE:REN) has closed its previously announced financing, bringing in C$3.11mln to be used mainly for exploration and to market the firm's project in the US.

The company issued over 12.98mln units at 24 cents each.

READ: Renaissance Gold reports core drilling has started on two of its projects in Nevada

Each unit comprises one share and one share purchase warrant.

Each warrant entitles the holder to buy a further company share for 48 cents until they expire on May 16, 2023.

The company paid C$132,700 cash and issued 15,000 units in finders' fees to Sprott Global Resource Investments, Ltd and Haywood Securities Inc.

The company has a large portfolio of gold and silver exploration properties and has entered into over 60 exploration agreements including those as AuEx.

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Thu, 17 May 2018 08:25:00 -0400 https://www.proactiveinvestors.com/companies/news/197203/renaissance-gold-brings-in-c311mln-from-placing-for-exploration-and-marketing-197203.html
<![CDATA[Media files - Renaissance Gold turning drill bits for 2 projects in potentially 'huge breakthrough' ]]> https://www.proactiveinvestors.com/companies/stocktube/9179/renaissance-gold-turning-drill-bits-for-2-projects-in-potentially-huge-breakthrough--9179.html Tue, 01 May 2018 08:14:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/9179/renaissance-gold-turning-drill-bits-for-2-projects-in-potentially-huge-breakthrough--9179.html <![CDATA[News - Renaissance Gold welcomes new partner at the Jake Creek project in Nevada ]]> https://www.proactiveinvestors.com/companies/news/195685/renaissance-gold-welcomes-new-partner-at-the-jake-creek-project-in-nevada-195685.html Renaissance Gold Inc (CVE:REN) has granted Ginguro Jake the option to acquire a 70% interest in the Jake Creek project in Humboldt County, Nevada.

Ginguro Jake, a subsidiary of Ginguro Gold, can earn the stake by spending US$3,000,000 over a five-year period and making payments to Renaissance Gold totaling US$25,000 before the first anniversary of the agreement.

READ: Renaissance Gold updates on Nevada projects and 2018 drilling plans​

For its part, Renaissance will exercise its option to acquire 100% of the Jake Creek from Ivy Minerals by issuing 372,541 shares to Ivy.

Jake Creek is a low-sulphidation epithermal gold target on the western margin of the Northern Nevada Rift, in a very similar geologic environment to the Midas gold deposit. Significant historical gold drill intercepts have been discovered but have never been followed up.

Ginguro is planning to conduct a surface geologic mapping and geochemical sampling program this season and the new data will be integrated with existing geophysical and drill data to design a follow-up drill program.

Renaissance also announced the acquisition of the Mars project in Lincoln County, Nevada.

The Mars project was acquired through a lease/option to purchase agreement with a third party, whereby Renaissance paid US$10,000 upon signing a definitive agreement and will pay US$10,000 on each anniversary of the agreement for up to 10 years to complete the purchase option.

Upon exercising the option, the vendor’s interest would revert to a 3% net smelter royalty, with 2% buyable for US$1,000,000 per 1%. Renaissance has no work commitments under this agreement.

Historic work on the project was conducted in the 1980s and 1990s and included three shallow drill programs that tested the system to a depth of less than 200 feet, and encountered multiple low-grade gold intercepts.

The company has staked additional claims to cover areas for new target generation and has begun geological, geochemical and geophysical work to develop a comprehensive understanding of the gold system and to develop additional targets for drilling. This project is available for an earn-in agreement, Renaissance said.

In other news, the company has decided not to maintain the Pluto project after examining recent drilling results while Troymet Exploration has returned the Wildcat project in Juab County, Utah to the company. Renaissance will retain the project and seek another partner.

READ: Renaissance Gold nudges higher as it expects drill testing at six projects this year​

“We are very pleased to get Jake Creek into a deal and continue exploration on this exciting project. Our new partners at Ginguro have significant technical experience exploring epithermal systems and are a good fit for this project,” said Robert Felder, the president and chief executive officer of Renaissance.

“We are also quite pleased with the acquisition of the Mars project. This represents a unique opportunity of the type that we seek in Nevada, where sound geological work around a known but under-explored system has the potential to yield very meaningful results.”

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Tue, 24 Apr 2018 10:12:00 -0400 https://www.proactiveinvestors.com/companies/news/195685/renaissance-gold-welcomes-new-partner-at-the-jake-creek-project-in-nevada-195685.html
<![CDATA[News - Renaissance Gold Inc set for C$2.5mln raise ]]> https://www.proactiveinvestors.com/companies/news/195275/renaissance-gold-inc-set-for-c25mln-raise-195275.html Renaissance Gold Inc (TSX:REN) is set to raise up to C$2.5mln via a private placing for exploration and to market the firm's project in the US.

The company has a large portfolio of gold and silver exploration properties and has entered into over 60 exploration agreements including those as AuEx.

It will issue 10.42mln units at 24 cents each. Shares closed yesterday in Toronto at 25 cents each.

Each unit comprises one share and one share purchase warrant.

The latter entitles the holder to buy a further share at 48 cents for five years from the date of closing the placing.

"Proceeds of this private placement will be used primarily for continued generative exploration, advancement and marketing of the company's projects in the USA and general corporate purposes," the company said in a brief regulatory filing.

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Wed, 18 Apr 2018 09:12:00 -0400 https://www.proactiveinvestors.com/companies/news/195275/renaissance-gold-inc-set-for-c25mln-raise-195275.html
<![CDATA[News - Renaissance Gold receives 'buy' from International Speculator newsletter ]]> https://www.proactiveinvestors.com/companies/news/194669/renaissance-gold-receives-buy-from-international-speculator-newsletter-194669.html Renaissance Gold Inc (CVE: REN) received a repeated 'buy' rating in the International Speculator, March 21 issue.

The newsletter said 'buy' five times between June 2012, and July last year, at prices ranging from 26 cents to 77 cents.

Renaissance is a Nevada-based, gold-silver-focused exploration company that emerged as a spin-out from the 2010 acquisition of AuEx Ventures Inc by Fronteer Gold.

It is confident that the extensive exploration experience and state-of-the-art technical capability that guided AuEx to a major discovery at Long Canyon, Nevada, will direct the company towards new opportunities and new discoveries.

It has interests in 13 properties which exhibit Carlin-type geological properties, and eight that qualify as epithermal gold deposits.

Shares in Renaissance are now at 24 Canadian cents - down 2.08%.

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Tue, 10 Apr 2018 14:20:00 -0400 https://www.proactiveinvestors.com/companies/news/194669/renaissance-gold-receives-buy-from-international-speculator-newsletter-194669.html
<![CDATA[News - Renaissance Gold: refining the art of mineral exploration ]]> https://www.proactiveinvestors.com/companies/news/193471/renaissance-gold-refining-the-art-of-mineral-exploration-193471.html Renaissance Gold Inc (CVE:REN) is a Nevada-based, gold-silver-focused exploration company that emerged as a spin-out from the 2010 acquisition of AuEx Ventures Inc. by Fronteer Gold.

Exploration Expertise

Renaissance is confident that the extensive exploration experience and state-of-the-art technical capability that guided AuEx to a major discovery at Long Canyon, Nevada, will direct the company towards new opportunities and new discoveries.

Exploration Portfolio

Renaissance has an extensive portfolio of precious metal exploration projects in Nevada and Utah, many of which are in earn-in agreements with industry partners. The company has interests in 13 properties which exhibit Carlin-type geological properties, and eight that qualify as epithermal gold deposits.

Two projects lie right across the Carlin Trend, with two more across the Battle Mountain Trend.

In addition, there are two intrusion-related gold deposits.

Joint Venture Business Plan

Renaissance believes that a joint venture business model is the most effective strategy for non-revenue-generating junior explorers. Renaissance minimizes exploration risk by joint venturing its portfolio of high calibre exploration projects with solid partners.

By following this plan, Renaissance accepts dilution in its exploration property positions rather than dilution for its shareholders. Maintaining a tight share structure ensures that success on any single project can create significant rewards for shareholders.

In 2017, the company completed 10 such joint venture deals. Among others, it’s currently in joint venture with Kinross (TSE:K) on Spruce East, which will be drilled this year.  Also on the joint venture roster are AngloGold Ashanti (NYSE:AU) (JSE:ANG), S2 Resources (ASX:S2R), Ramelius (ASX:RMS), Coeur Explorations, a subsidiary of Coeur Mining (NYSE:CDE), and Radius Gold (CVE:RDU).

Innovative Technology 

Renaissance employs leading edge exploration technology, and has developed proprietary techniques for processing satellite, geophysical, and geochemical data to identify alteration and geologic features related to mineral deposits. It is this process of "refining the art of mineral exploration" that gives Renaissance an exploration advantage.

Outlook for 2018 very positive, says chief executive Robert Felder

“Our outlook for the coming year is very optimistic, says chief executive Robert Felder.

“We have ramped up our joint venture business activities significantly and now have eleven of our projects in deals with partners. This is precisely what we need to be doing as a prospect generator to create as much exposure to success through discovery as is possible. 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.”

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Tue, 20 Mar 2018 12:40:00 -0400 https://www.proactiveinvestors.com/companies/news/193471/renaissance-gold-refining-the-art-of-mineral-exploration-193471.html
<![CDATA[News - Renaissance Gold updates on Nevada projects and 2018 drilling plans ]]> https://www.proactiveinvestors.com/companies/news/191580/renaissance-gold-updates-on-nevada-projects-and-2018-drilling-plans-191580.html Renaissance Gold Inc (TSX:REN) has issued an update on its drilling projects in Nevada and its anticipated drilling plans for 2018.

In its statement released on Tuesday, the company said there are firm plans to drill at least seven of the projects this year.

READ: Renaissance Gold unveils encouraging gold finds at Jupiter project in Nevada

At its Spruce East Project, Kinross Gold USA, Inc, a subsidiary of Kinross Gold Corp (NYSE:KGC; TSX:K) has informed the company that it will be back for another round of drilling.

This includes a second year minimum expenditure of US$200,000 to maintain the option.

Kinross Gold however has decided not to proceed with its earn-in on the Buffalo Canyon project, despite the 2017 drilling programme encountering long runs of low-grade gold mineralisation, including the highest single assay received to date of 5.34 g/t Au.

The project is now being actively marketed to attract a new venture partner, the company said.

Similarly, Kinross Gold has also opted not to proceed with the Diamond Point project and Renaissance Gold is currently assessing the remaining target potential.

READ: Renaissance Gold says Buffalo Canyon drill results underline potential

On its Silicon project located in the Bare Mountains, Nye County in Nevada, AngloGold Ashanti, North America Inc, a subsidiary of Anglo Gold Ashanti (NYSE:AU, JSE:ANG, ASX:AGG) has notified the company that it has started a diamond drill program in January 2018 and plans to drill approximately 3,000 meters.

At its three projects – Pluto, South Roberts and Ecru – its partner, S2 Resources Ltd (ASX:S2R)  has recently finished geophysical and geochemical surveys at South Roberts and plans additional geophysical surveys at Ecru.

S2 plans to drill both projects in the spring, the company added.

Ramelius Resources Ltd (ASX:RMS), which completed a Phase 1 drill program at the Jupiter project, is evaluating the results and plans a follow-up drilling in the summer.

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

At the Cine Mountain Project, Coeur Explorations Inc (NYSE:CDE), it plans to develop drill targets to be tested this year.

Radius Gold Inc has completed the necessary baseline studies at the Spring Peak Project in Mineral County, to satisfy the US Forest Service permitting requirements and is finalising the steps to get the required bonding in place.

It is planning for drilling to take place in the summer.

In a statement, Robert Felder, President and CEO said: “It is exciting to begin the year with strong partners actively exploring several of our projects and having firm plans to drill at least seven of these projects during 2018.

“We continue to generate and acquire new projects, actively market to attract more funding partners and remain committed to creating shareholder value through discovery.”

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Tue, 13 Feb 2018 08:19:00 -0500 https://www.proactiveinvestors.com/companies/news/191580/renaissance-gold-updates-on-nevada-projects-and-2018-drilling-plans-191580.html
<![CDATA[News - Renaissance Gold unveils encouraging gold finds at Jupiter project in Nevada ]]> https://www.proactiveinvestors.com/companies/news/190764/renaissance-gold-unveils-encouraging-gold-finds-at-jupiter-project-in-nevada-190764.html Prospect generator firm Renaissance Gold Inc (CVE:REN) has unveiled encouraging gold drill results from the Jupiter project in Nye county, Nevada.

The phase 1, seven-hole RC (reverse circulation), drilling program was completed by partner Ramelius Resources Ltd and tested two targets - the NE pediment gravity target and the Eagle target.

READ:Renaissance Gold nudges higher as it expects drill testing at six projects this year

Anomalous gold was found in four of the six holes that were sunk in the NE Pediment Gravity Target, with the best intercept of 9.14 meters (m) grading 1.10 g gold/ton in one hole.

Highlight intercepts included 1.52 m at 2 g/t gold and 9.14m at 1.10 g/t gold. Another hole showed 4.57m at 0.27 g/t gold.

"We are quite pleased to encounter meaningful gold intercepts in our first drill program at Jupiter, and very much look forward to further drilling to test these and other target areas," said Robert Felder, president and chief executive.

"Our 2017 drilling programmes on six, partner funded projects has been successful in identifying two Carlin-type systems under cover at Jupiter and Spruce East that have encountered significant anomalous to gram plus mineralisation warranting follow up."

Shares were unchanged at C$0.30.

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Mon, 29 Jan 2018 09:19:00 -0500 https://www.proactiveinvestors.com/companies/news/190764/renaissance-gold-unveils-encouraging-gold-finds-at-jupiter-project-in-nevada-190764.html
<![CDATA[News - Renaissance Gold nudges higher as it expects drill testing at six projects this year ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://www.proactiveinvestors.com/companies/news/172931/renaissance-gold-to-carry-out-grass-roots-exploration-for-coeur-in-nevada-172931.html