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.
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).
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.”