Press release from Business Wire
Renaissance Gold Announces Wood Hills South Drilling Results, Elko County, Nevada
Tuesday, April 09, 2013
Renaissance Gold Announces Wood Hills South Drilling Results, Elko County, Nevada07:00 EDT Tuesday, April 09, 2013
WHITE ROCK, British Columbia (Business Wire) -- Renaissance Gold Inc. (TSX: REN) (“RenGold”) is pleased to announce drill results from a 2013 drill program at the Wood Hills South exploration project, eastern Elko County, Nevada. The drilling program was operated and funded by NuLegacy Gold Corporation, (“NuLegacy”) (NUG:TSXV) in the third year of an earn-in agreement. The Wood Hills Project is located 13 km southwest of and, apparently, on-trend with the West Pequop and Long Canyon gold deposits.
Richard Bedell President and CEO comments: “NuLegacy has terminated the earn-in agreement to conserve its cash and focus its activities elsewhere. RenGold is assembling all the data generated during the three field seasons into a 3D model to define another round of drilling to attract a replacement funding partner. Hole WHS13-021 intersected 75 feet of coherent anomalous gold, arsenic and antimony. This is a large volume of mineralized rock when combined with the other holes and we look forward to defining the next round of drilling.”
Drilling in 2011 and 2012 consisted of 20 reverse circulation holes to test geophysical and soil geochemical anomalies, several of which intersected anomalous gold, the most significant of which was hole WHS11-007 which contained 10.7 meters of 0.40 g/t Au. (NR Feb 6, 2012). A subsequent microgravity survey defined several gravity lows suggesting areas of broken carbonate that might be similar in nature to those that hosted the large volumes of higher grade gold mineralization in the Long Canyon gold deposit. Hole WHS11-007 is located on the margin of one of the gravity anomalies.
Five reverse circulation angle holes were drilled in 2013 totalling 1,225.3 meters (4,020 feet). The holes were designed to test three gravity lows including one near WHS11-007. The holes intersected considerable thicknesses of anomalous gold and trace elements. All five holes encountered intensely fractured and brecciated carbonate in the areas of the gravity lows, confirming the geophysical interpretation. Gold intercepts are shown below.
|Hole number||Anomalous gold interval||Interval of >0.10 g/t Au|
|WHS13-021||86.9-102.1 m||91.4-99.1 m @ 0.140 g/t Au|
|WHS13-022||88.4-106-7 m||103.6-105.2 m @ 0.108 g/t Au|
|N.B. True widths of drilled gold intercepts cannot be determined at this time.|
Holes WHS13-021 and 022 demonstrate lateral continuity, albeit at lower grades, with the intercept in WHS11-007 in altered carbonates immediately above a felsic intrusive. The other three holes did not encounter significant gold mineralization.
Reverse circulation drilling on the Wood Hills Project was conducted by Envirotech Drilling LLC of Winnemucca, NV under the direction and supervision of NuLegacy Gold's COO, Dr. Roger Steininger (CPG 7417). All of the drill hole samples were analyzed by American Assay Labs. of Sparks, NV for gold and a suite of 36 trace elements. Sufficient commercially prepared standards, blanks, and duplicates were inserted to assure quality analytical results. Data verification of the analytical results included a statistical analysis of the duplicates, standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results.
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, should change.
Renaissance Gold Inc.
Richard L. Bedell, 775-337-1545
Eric Struhsacker, 775-337-1545