Last C$0.30 CAD
Change Today +0.035 / 13.46%
Volume 42.8K
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02/28/14 - C$0.64
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renaissance gold inc (REN) Details

Renaissance Gold Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in the United States. The company primarily explores for gold and silver deposits. It holds interests in a portfolio of precious metal exploration projects primarily located in Nevada and Utah. The company was incorporated in 2010 and is headquartered in Reno, Nevada.

Founded in 2010

renaissance gold inc (REN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$64.2K
Executive Chairman
Total Annual Compensation: C$25.7K
Vice President of Exploration
Total Annual Compensation: C$64.2K
Compensation as of Fiscal Year 2014.

renaissance gold inc (REN) Key Developments

Renaissance Gold Inc. Enters into Earn-In Agreement with TroyMet Exploration at its Wildcat Gold Project, Utah

Renaissance Gold Inc. announced the execution of an earn-in agreement with TroyMet Exploration Corp. on the Wildcat gold project located in Juab County, Utah. The agreement includes a payment of $50,000 on execution and reimbursement of last year's claim fees. A minimum work commitment in the first agreement year of $50,000 escalating to $250,000 year 2, $350,000 year 3, and $500,000 per year through year 7, at which point Bankable Feasibility must be achieved to vest 70%. In addition, RenGold will do the initial work on the property. This will include surface trenching and work to define the drill targets and should well exceed the minimum work commitment to prepare for drilling in 2016.

Renaissance Gold Inc. Announces Results from its 2014 Drill Core Program at its Fourth of July Project in the Humboldt Mountains of Pershing County, Nevada

Renaissance Gold Inc. announced results from its 2014 drill core program at its fourth of July project in the Humboldt Mountains of Pershing County, Nevada. The drilling program was funded by Summit Mining Exploration II Inc. pursuant to the first year of an earn-in agreement. This initial phase of drilling was a small campaign of 3 core holes to determine the architecture of this complex system as a precursor to a substantially larger drill program later in 2015. Rengold completed 612 meters (2,009 feet) of drilling that tested structural targets in the vicinity of the Arizona Mine, an historic producer of silver, gold, and tungsten. The Arizona Mine exploited a high-grade flat vein, that generally follows bedding in shaley, carbonaceous limestone of the Triassic Prida Formation. The limestone block is preserved in a northerly trending graben that overlies the generally rhyolitic package which is known to be the dominant host rock for mineralization in the District such as the Coeur Rochester Silver Mine and the Spring Valley gold project to the south. This initial phase of drilling tested the concept that the graben-bounding faults were conduits for the mineralizing fluids that formed the flat veins of the Arizona Mine and several other smaller mines nearby. Assay results of the drillingidentified several anomalous zones of silver and/or gold that will assist in defining drill targets for the next phase of drilling. Drill hole penetrations defined the geometry of the graben-bounding structures, defined the depth and geometry of the unconformity between the overlying limestone and the older rhyolite, identified the presence of multiple generations of mineralization and intrusion and identified the presence of strong alteration and mineralization in the rhyolite units within the Arizona Graben. FOJDH-01 located on the East Graben margin intersected a fault zone containing 1.5 meters (3 feet) of 13.45 g/t Ag and 0.02 g/t Au at 60.9-61.9 meters (200.0-203.0 feet). The very high Ag/Au ratio is consistent with the quartz-vein reefs at the Arizona Mine. The second zone of anomalism in FOJDH-01 occurs in pyrite-flooded rhyolite breccias between the unconformity and the East Graben fault with anomalous Au from 105.0-132.5 meters (344.5 to 434.8 feet), 27.5 meters (90.3 feet) of 0.086 g/t. The high Au zone is 2.2 meters (7.3 feet) of 0.265 g/t with 5.27 g/t Ag. This chemistry and alteration is different than the Arizona â bed-vein mineralization and appears to be older. FOJDH-02 collared to the west of FOJDH-01 along a fault within the graben intersected a zone of thin sheeted to stockwork quartz veining at the bottom of the hole, associated with pervasive quartz + potassium feldspar flooding and trace disseminated sulfides. This zone contained weakly anomalous Au (0.01 to 0.03 g/t), and anomalous As (up to 573.0 g/t). FOJDH-03 located north of hole FOJDH-01 targeted the East Graben fault along the north margin of a rhyolite porphyry plug. The hole intersected a 3.5 meter (11.4 foot) -thick zone of silicified carbonates from 87.2 to 90.5 meters (286.0 to 297.4 feet) just above the unconformity. This zone averaged 0.126 g/t Au with low level Au (0.01-0.09 g/t) extending 33.5 meters (110.0 feet) downhole across the unconformity and into the underlying rhyolite. The mineralized interval contains pyrite flooding on structures and weak quartz veining consistent with the high sulfide Au zone in hole FOJDH-01. Additionally, FOJDH-03 intercepted multiple diorite and diorite porphyry dikes along the East Graben fault. These dikes were not mineralized but lie within the same structural zone as the anomalous mineralization. This indicates a long lived structure that may provide potential zones of higher grade mineralization.

Renaissance Gold Inc. Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2014

Renaissance Gold Inc. reported unaudited consolidated earnings results for the six months ended December 31, 2014. The consolidated net loss for the six months ended December 31, 2014 was CAD 1,030,411 against CAD 1,201,960 a year ago.


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