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Renaissance Gold says drilling has started at Ecru project, Nevada

Last updated: 13:58 24 Oct 2018 EDT, First published: 08:58 24 Oct 2018 EDT

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The firm announced the start of diamond drilling

Prospect generator Renaissance Gold Inc (CVE:REN) said drilling had started on the Ecru project in Lander county, Nevada.

The work, expected to take two months, is expcted to improve understanding of the geology and lead towards defining the best targets.

Notably, Ecru lies to the north of Barrick's giant Cortez gold mining operations which consist of several multi-million ounce gold deposits, including Pipeline, Cortez Hills, Goldrush and Robertson.

The project is subject to an earn-in agreement with S2 Resources.

"We are very excited to begin drilling on this project, within sight of several world class Carlin-type gold deposits and possessing all of the features necessary for the discovery of another giant gold deposit," said Robert Felder, president and chief executive at Renaissance.

"We're also especially pleased to have a strong partner who recognized the potential of this target area and have the financial strength and vision to carry out a meaningful exploration program beginning with detailed geophysics and now with 2 to 3 deep core holes as an initial stratigraphic test of the target area."

Detailed gravity, audiomagnetotellurics (AMT) and surface geochemical surveys at Ecru have been conducted and showed favorable indications for the potential for Carlin-type gold mineralization at depth.

Drilling by Coral Gold on the adjacent Robertson property encountered anomalous gold mineralization in both upper and lower plate stratigraphy in two holes, with grades up to 2.19 g/t (grams per ton) gold.

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