Renaissance Gold Drilling Results – Spruce Mountain Base Metal-Gold Project,
Elko County, Nevada
WHITE ROCK, British Columbia -- April 08, 2013
Renaissance Gold Inc. (TSX: REN) (“RenGold”) is pleased to announce drill
results from its 2012 drill program at the Spruce Mountain exploration
project, eastern Elko County, Nevada. The drilling program at Spruce Mountain
was funded by Summit Mining Exploration, Inc., (“Summit”) a US subsidiary of
Sumitomo Corporation in the second year of an earn-in agreement.
A robust intercept in RSM-22 of 189.5 feet of 0.06% Mo offsets and validates
historical drill results in the Sprucemont area and presents several
possibilities for additional drill targets. In addition, the 2012 drilling
intersected intervals of Carlin-style alteration and chemistry in carbonate
host rocks located northwest of Sprucemont. Several targets remain for further
consideration and work is in progress to assess the merits of the recognized
targets and to develop a drilling program for 2013.
Spruce Mountain Drilling Results
RenGold completed thirteen drill holes totaling 15,057 feet (4,589 meters) of
drilling at Spruce Mountain in late 2012. The drilling program included 3,105
feet (946 meters) of mud rotary, 5,087 feet (1,551 meters) of core, and 6,865
feet (2,092 meters) of reverse circulation drilling. Drilling tested multiple
targets including 8 holes in 3 zones along a 4.5 mile fault-controlled
intrusive corridor striking northeastward from the town site of Sprucemont at
the range front. An additional 5 holes were drilled in an area of peripheral
Ag-Pb-Zn and Carlin-style Au mineralization northwest of the intrusive
corridor. These holes tested extensions of targets detected with an 11 hole
reverse circulation drilling program in 2011. The drilling intercepted
multiple intrusions associated with base and precious metal mineralization
under alluvial cover expanding the known extent of the intrusive systems along
the range front. Core hole RSM-22, collared northeast of Sprucemont,
intersected porphyry-style molybdenum mineralization including 189.5 feet
(57.8 meters) of 0.06% Mo from 329.5-519 feet (100.4 – 158.2 meters). Other
holes drilled northwest of the porphyry intercepted multiple intervals of
highly anomalous polymetallic mineralization including, in RSM-15, 25 feet
(7.6 meters) of 20 g/t Ag and 0.23% Cu from 1050 to 1075 feet (320 -327.7
meters) within a 195 foot (59.4 meter) interval of 0.28% Zn. RSM-24
intersected an outlying part of the Mo system shallow in the hole and, at
greater depth, a part of the gold system, seen nearby in 2011 drilling by
RenGold and in historic drilling.
Table 1 below lists intercepts obtained in the 2012 drill program.
Hole From To Thickness Au g/t Ag Cu % Pb % Zn % Mo %
Feet Feet Feet >0.100 >17 >0.1 >0.1 >0.1 >0.03
RSM-15 1050 1075 25 - 20 0.23 - 0.3 -
RSM-15 1050 1245 195 - - - - 0.28 -
RSM-16 25 30 5 - - - - 3.77 -
RSM-16 795 830 35 - - - - 0.4 -
RSM-19 578 589 11 - - - - - 0.07
RSM-21 90 105 15 - 28 - - 0.43 -
RSM-21 515 525 10 - - - 0.53 0.76 -
RSM-21 535 545 10 - 52 - - - -
RSM-22 329.5 519 189.5 - - - - - 0.06
RSM-22 247.5 316.5 69 - - - - 0.18 -
RSM-23 10 25 15 - - - 0.33 0.24 -
RSM-24 260 275 15 - - - - - 0.08
RSM-24 615 625 10 0.438 - - - - -
Table 1. Table of significant intercepts from 2012 drilling. Cutoff values
listed in top row. Intervals may contain internal dilution. Drill data density
is insufficient to estimate true thickness of the mineralized intervals listed
Richard Bedell President and CEO of RenGold comments: “The Spruce Mountain
Project is a complex multi-phase system with different ages and the drill
results are encouraging, particularly RSM-22 with 189.5 feet of 0.06 Mo%. The
nearby Mount Hope porphyry molybdenum deposit has similar grades and this hole
would certainly fall into an open pit at Mount Hope. Importantly recent zircon
age dates define this porphyry as Eocene in age, the same as Mount Hope. We
are looking forward to another season of drilling to advance this property.”
Inspectorate America Corporation in Sparks, Nevada performed gold analyses by
fire assay and ICP analysis for 50 additional elements utilizing a 4 acid
digestion. All drill samples were collected following standard industry
practice. Molybdenum intercepts were rerun and verified by ALS Minerals in
Vancouver. QA/QC included the insertion of numerous standards and blanks into
the sample stream.
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, Utah, Argentina and Spain. 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 firstname.lastname@example.org or Eric Struhsacker,
775-337-1545 or email@example.com
This news release contains certain statements that may be deemed
“forward-looking” statements. Forward looking statements are statements that
are not historical facts and are generally, but not always, identified by the
words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”,
“projects”, “potential” and similar expressions, or that events or conditions
“will”, “would”, “may”, “could” or “should” occur. Although Renaissance Gold
Inc. believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from those in
forward looking statements. Forward looking statements are based on the
beliefs, estimates and opinions of Renaissance Gold Inc’s management on the
date the statements are made. Except as required by law, Renaissance Gold Inc.
undertakes no obligation to update these forward-looking statements in the
event that management’s beliefs, estimates or opinions, or other factors,
Renaissance Gold Inc.
Richard L. Bedell, 775-337-1545
Eric Struhsacker, 775-337-1545
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