Renaissance Gold TSX.V:REN (“RenGold” or the “Company”) is pleased to report on the progress and status of our Nevada, USA projects and our anticipated drilling plans for 2018.
Kinross funded projects
Kinross Gold U.S.A., a subsidiary of Kinross Gold (NYSE:KGC; TSX:K) entered into earn-in agreements on the Diamond Point, Buffalo Canyon and Spruce East projects in May, 2017 (See NR dated May 15, 2017), and completed drill programs on all three projects. (See NRs dated October 26, 2017 and December 6, 2017).
We are pleased to report that Kinross has notified the Company that they will be returning for another round of drilling on the Spruce East Project which includes a 2nd year minimum expenditure of US$200,000 to maintain the option.
Drilling during 2017 at Spruce East encountered significant zones of anomalous geochemistry and meaningful gold intercepts (See NR dated October 26, 2017) further defining a Carlin-like geochemical cell which remains open to expansion.