Drilling Starts at Wood Hills South, Pequop Gold District Nevada
White Rock, British Columbia (FSCwire) - Renaissance Gold Inc. (TSX: REN) (“RenGold” or the “Company”) is pleased to announce the start of drilling at Wood Hills South by Newmont USA Limited in the evolving Pequop Gold District, Elko County Nevada.
RenGold has demonstrated that the Pequop gold district likely extends into the southeast edge of the Wood Hills South gold project. As announced, February 6th, 2012, Hole WHS11-007 intersected an oxidized 10.7 meter (35 feet) interval from 83.8 to 94.5 meters down hole that averaged 0.40 g/t (0.013 opt) gold within an approximately 60 meters (197 feet) zone of anomalous Carlin-style pathfinder elements and gold.
Newmont will conduct a reverse circulation drill campaign (2,000-2,500 feet). The targets defined are based off pre-existing geologic mapping, magnetics, gravity, and additional data provided by Newmont, which includes proprietary pediment geochemistry and CSAMT.
Richard Bedell, President and CEO of RenGold comments: “We are very pleased to take another shot before the snow flies. It is early days in the evolving Pequop Gold District and it is apparent that mineralization extends to the Wood Hills. Mineralization occurred prior to the basin and range extension that pulled the Wood Hills and the Pequops apart. Rengold will continue to explore the Pequop Gold District with the intent of building upon the tremendous shareholder value created by AuEx Ventures in the initial delineation and sale of the Long Canyon gold deposit."
Qualified Person
All data disclosed in this press release, including sampling, analytical and test data, have been reviewed by the Company’s qualified person Mr. Eric M. Struhsacker, M.Sc., and Certified Professional Geologist as recognized by the American Institute of Professional Geologists.
About Renaissance Gold Inc.
Renaissance Gold Inc. is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Many of the projects are in exploration earn-in agreements with industry partners who provide exploration funding. RenGold applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire new precious metal exploration projects that are then offered for joint venture.
Renaissance Gold Inc.
By: Richard L. Bedell, President and CEO
For further information, contact:
Richard L. Bedell, 775-337-1545 or rbedell@rengold.com or Eric Struhsacker, 775-337-1545 or estruhsacker@rengold.com