Encore Renaissance Reports on Yukon White Gold Property Soil Sampling Program

Gold Investing

Encore Renaissance resources corp. (CVE:EZ) updates regarding the 2010 soil sampling program assessment of the Yukon gold property for gold potential.

Encore Renaissance resources corp. (TSXV:EZ) updates regarding the 2010 soil sampling program assessment of the Yukon gold property for gold potential.

The press release is quoted as saying:

The majority of samples along the line have elevated gold levels though only one sample falls above the 98th percentile, with 23 ppb Au. The most interesting aspect of this 2 km x 1 km anomaly is its elevated molybdenum values; 3 are above the 98th percentile and a further 7 exceed the 90th out of a total of 23. The 2010 soil sampling program identified an anomaly (6) which is worthy of further exploration. The levels for Au and Mo used to define anomalies on the Yukon Gold property are not high and the data does not show the level of correlation between Au, As, Sb and Mo that might be expected if these anomalies were the result of a White Gold type system. However, given the significant gold discoveries made in recent years near the Yukon Gold property within similar rocks, these anomalies should not be ignored. Based on the current broad- scale geologic mapping, the structural and/or lithological controls on the presumed mineralization which caused the anomaly are unknown.

Click here to access the entire press release

The Conversation (0)
×