Kostolanys Erbe schrieb am 10.08.2017, 22:43 Uhr[/url]"]
Renaissance to begin drilling at three projects in H2
2017-08-10 10:16 ET - News Release
Mr. Robert Felder reports
RENAISSANCE GOLD -- BUILDING STRONG PLATFORM FOR SUCCESS
Renaissance Gold Inc. has provided a summary of significant positive developments over the past several months, which collectively define a transformational event for the company. In the past three months, the company executed new deals on eight Nevada properties, completed the significant corporate acquisition of Kinetic Gold Corp. and entered into a strategic alliance with Coeur Mining Inc. These transactions and private placements have brought an additional $2.6-million into the company. As a result, the company expects to see up to 10 of its projects drilled in the next year compared with drilling only one project in 2016.
The company has recently attracted an impressive list of partners including Kinross, Coeur, AngloGold Ashanti North America Inc., Ramelius Resources Ltd. and S2 Resources Ltd. to add to its current partners including Troymet Exploration Corp. and Radius Gold Inc. Kinross and Coeur have also participated in private placements, and the company welcomes them as important new shareholders.
Ronald Parratt, chief executive officer, stated: "Signals of an improving market for exploration-focused prospect generators in 2016 prompted the company to seriously consider how it might prepare to most effectively position itself to take advantage of a rising market. The acquisition of Kinetic Gold Corp. brought in 10 high-quality gold projects in Nevada at a time when the demand for quality projects was increasing. It seems now that our vision was correct, and we are quite pleased to have completed these recent transactions, which have placed several existing and newly acquired projects into new earn-in agreements."
Exploration update
Drilling is scheduled for the second half of 2017 on the Spruce East, Buffalo Canyon and Diamond Point projects. All three of these projects are in the earn-in agreement with Kinross. Troymet, the company's partner on the Wildcat project in Utah, is planning a small core drilling program later in the year, and Radius is also planning a drill program on the Spring Peak project for later this year, pending receipt of a permit from the U.S. Forest Service. AngloGold Ashanti has been conducting mapping, sampling and spectral work on the Silicon property and is advancing drill targets. Ramelius is planning to commence work on the Jupiter project in the coming weeks and has plans to conduct additional geologic mapping, a detailed gravity survey and a soil geochemical survey, with an aim to conduct a first drilling program later in the year. S2 Resources is planning the commencement of exploration activities on the South Roberts, Pluto and Ecru projects, beginning in the fall. Generative activities under the Coeur alliance and elsewhere are continuing.
Robert Felder, president, stated: "We have seen a marked increase in interest to joint venture our exploration-stage properties over the past several months, which has resulted in several very important transactions for the company. We now have 11 of our projects in agreements and are having ongoing conversations that we are hopeful will result in additional business for us. Based on the recent deal flow, we expect to see drilling on eight to 10 of our properties over the next year. This significant increase in the level of activity and drilling of our projects is exactly the path we need to be on to maximize our chances for success and create real value for our shareholders."
Ivy Minerals Inc. option exercises
Pursuant to an option agreement between Ivy Minerals and Kinetic Gold (U.S.) Inc., effective Aug. 12, 2013 (as amended), the company exercised its option to purchase 100 per cent of the Ecru project from Ivy Minerals for the agreed-upon consideration of $176,613 (U.S.), to be settled in full by the issuing of 477,331 common shares of the company with no retained royalty. The Ecru project is included in the earn-in agreement with S2 Resources, and the exercise was a postclosing condition to that agreement. The shares will carry a hold period of 12 months from Aug. 9, 2017, the date of issue.
Pursuant to an agreement dated May 8, 2017, among Ivy Minerals, Kinetic U.S. and the company, the company exercised its option to purchase the 49.9 per cent of the Raven project not already owned by Kinetic U.S. for the agreed-upon consideration of $100,000 (U.S.), settled in full by the issuing of 370,767 common shares of the company and the grant of a 0.5-per-cent net smelter return royalty to Ivy Minerals on the claims of the Raven property as they are currently constituted. The shares will carry a hold period of 12 months from Aug. 9, 2017, the date of issue.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2493861&symbol=REN®ion=C
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Renaissance Gold agreement to acquire Kinetic Gold
2017-08-10 16:44 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pertaining to an agreement dated May 11, 2017, between Renaissance Gold Inc., Kinetic Gold Corp. and the Kinetic shareholders. Pursuant to the agreement, Renaissance has acquired 100 per cent of the common shares of Kinetic for consideration of 6,832,933 common shares of Renaissance. Kinetic holds a number of property interests in Nevada.
Renaissance has also agreed to exercise an option to purchase the 49.9-per-cent participating interest in the Raven project not held by Kinetic for consideration of the issue of 370,767 common shares of Renaissance.
Kinetic holds an option to acquire 100 per cent of each of the Ecru, Jake and Many projects until June 30, 2018, for consideration of shares of Renaissance as to 477,331 shares for the Ecru claims, 372,541 shares for the Jake claims and 234,613 shares for the Many claims.
To date, Renaissance has exercised its option to acquire the Ecru claims by issuing 477,331 common shares.
Insider/pro group participation: Three common directors of Renaissance, being Ron Parratt, Richard Bedell and Dieter Krewedl, were shareholders of Kinetic and obtained common shares in Renaissance pursuant to the agreement. John Tognetti, an insider of Renaissance by way of share position, was a shareholder of Kinetic and obtained common shares in Renaissance pursuant to the agreement.
For additional information, please refer to Renaissance's news releases dated May 29, 2017, and Aug. 10, 2017.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2494078&symbol=REN®ion=C
[url=https://peketec.de/trading/viewtopic.php?p=1770830#1770830 schrieb:
Kostolanys Erbe schrieb am 01.08.2017, 21:47 Uhr[/url]"]
Renaissance Gold, S2 sign definitive property agreement
2017-07-31 17:09 ET - News Release
Mr. Robert Felder reports
RENAISSANCE GOLD EXECUTES EARN-IN AGREEMENT WITH S2 RESOURCES LTD. TO FUND THREE PROJECTS IN NEVADA
Renaissance Gold Inc.'s wholly owned subsidiary, Kinetic Gold (U.S.) Inc., has signed a definitive agreement with S2 Resources Ltd. through its subsidiary, Nevada Star Resources LLC. The agreement grants S2 the option to acquire a 70-per-cent interest in the South Roberts, Pluto and Ecru projects located in Nevada. S2 must spend $3-million (U.S.) per project over a five-year period to earn a 70-per-cent interest, with a committed expenditure of $200,000 (U.S.) per project by the second anniversary of the agreement. Upon signing the definitive agreement, S2 paid the company $75,000 (U.S.).
South Roberts project
The South Roberts project, Eureka county, Nevada, lies on the Battle Mountain-Eureka trend of world-class gold deposits. The project lies under shallow pediment along the western margin of the northern Nevada rift in a very similar setting to Barrick's Goldrush deposit to the north. Targets are defined along a major northwest gravity break with coincident Carlin-suite geochemistry over a strike length of more than three miles. A first-pass, six-hole drilling program conducted in 2014 confirmed shallow depths to Paleozoic bedrock and widespread anomalous gold and Carlin pathfinders, which have not yet been followed up. The 2014 drill holes were very widely spaced (approximately one kilometre apart), and significant targets remain untested.
Pluto project
The Pluto project, Lander county, Nevada, lies along the north-south Rabbit trend of gold deposits. High-grade gold up to 13.1 grams per tonne (g/t) gold (Au) occurs in an isolated outcrop of Havallah sequence rocks exposed in a structural window through Tertiary volcanic rocks. Detailed gravity and soil geochemistry define a multielement anomaly occurring mostly within a northeast-trending horst block. The highly prospective Antler sequence rocks, which host world-class deposits in the Battle Mountain district 60 miles to the north, are modelled to occur at shallow to moderate depths beneath this high-grade outcrop. The magnitude of the gold grades in the Havallah outcrop is quite unique in Nevada and could represent leakage above a potentially very robust gold system. This target has never been drilled.
Ecru project
The Ecru project, Lander county, Nevada, lies on the Battle Mountain-Eureka trend in the Cortez district, near the Gold Acres, Pipeline and Cortez Hills gold deposits. The project is centred on a large gravity high, interpreted to represent an upthrown block of favourable lower plate carbonate rocks, which host the nearby world-class gold deposits. Historic drilling on adjacent parts of the same gravity high have yielded significant mineralization in both upper and lower plate rocks, and have included grades in excess of one ounce per tonne gold. Several undrilled target areas exist on and around this gravity feature which have the potential to host a significant discovery.
Robert Felder, president, states: "We are extremely pleased to have a group of the calibre of S2 as our exploration partner on these three projects in Nevada. They have demonstrated their technical capabilities with past successes and have chosen Renaissance as a partner to work with in Nevada. We look forward to a very productive and successful relationship. This agreement advances our portfolio from having eight to now 11 of our projects in earn-in or option agreements."
About Renaissance Gold Inc.
Renaissance is a prospect generator, focused in Western United States, utilizing a joint venture business model. The company is the spinout of AuEx Ventures Inc., discoverer of the Long Canyon gold deposit in Nevada, now in production by Newmont Mining Company. Renaissance applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire high-quality precious metal exploration projects that are then offered for joint venture to industry partners. It maintains a large portfolio of gold and silver exploration properties and has entered into over 60 exploration agreements.
Qualified person
All technical data disclosed in this press release have been verified by Renaissance's qualified person, Robert Felder, MSc, a certified professional geologist as recognized by the American Institute of Professional Geologists (AIPG).
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2490641&symbol=REN®ion=C
[url=https://peketec.de/trading/viewtopic.php?p=1764959#1764959 schrieb:
Kostolanys Erbe schrieb am 02.07.2017, 21:34 Uhr[/url]"]
Renaissance Gold to acquire Silicon property in Nevada
2017-06-30 07:18 ET - News Release
Mr. Ronald Parratt reports
RENAISSANCE GOLD SIGNS OPTION AGREEMENT ON SILICON PROJECT WITH ANGLOGOLD ASHANTI
Renaissance Gold Inc. has signed an agreement with AngloGold Ashanti North America Inc. for an option to purchase the company's Silicon exploration property located approximately six miles northeast of Beatty in Nye county, Nevada.
The option agreement provides for a series of payments to Renaissance commencing with $100,000 (U.S.) paid on signing, and to maintain the agreement $200,000 (U.S.) on the first anniversary, $300,000 (U.S.) on the second anniversary and finally $2.4-million (U.S.) on the third anniversary of the option agreement. Upon Renaissance having been paid a total of $3-million (U.S.), AngloGold would then own a 100-per-cent interest in the property subject to Renaissance retaining a 1-per-cent net smelter return royalty on future production. In addition, Altius Minerals Corp. owns a 1.5-per-cent net smelter return royalty, which resulted from an earlier generative financing agreement. AngloGold may withdraw at any time during the option period with no retained interest.
The Silicon property comprises 277 unpatented mining claims owned by the company totalling approximately 5,702 acres (2,308 hectares) and was identified and acquired through the company's continuing generative exploration program. The Silicon property contains extensive exposures of the upper portion of a low-sulphidation, epithermal gold system defined by chalcedonic and vuggy silica, alunite and clay alteration. Intense acid leaching has created localized areas of high-purity silica, which have been mined in the past. In addition, the property contains numerous historic prospects for mercury. Limited historic drilling has taken place on the property, the majority of which is untested. Several past-producing gold properties are in the area including Bullfrog, Sterling, Fluorspar Canyon and Mother Lode with the currently active North Bullfrog project of Corvus Gold Inc. nearby as well.
Ronald Parratt stated: "This agreement is for an option to purchase the Silicon project for $3-million (U.S.) within three years and the retention of a 1-per-cent NSR. It provides RenGold with a non-dilutive source of cash to fund ongoing operations and is a complement to our usual earn-in-to-joint-venture type of agreement."
Qualified person
All technical data disclosed in this press release have been verified by the Renaissance's qualified person Daniel W. Pace, registered member of the Society for Mining, Metallurgy and Exploration (SME).
About Renaissance Gold Inc.
Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Renaissance's objective is to place the projects in exploration earn-in agreements with industry partners who provide exploration financing. Renaissance 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.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2484284&symbol=REN®ion=C
[url=http://peketec.de/trading/viewtopic.php?p=1763324#1763324 schrieb:
Kostolanys Erbe schrieb am 21.06.2017, 23:45 Uhr[/url]"]
Renaissance Gold agrees to Ramelius earn-in for Jupiter
2017-06-21 17:12 ET - News Release
Mr. Ronald Parratt reports
RENAISSANCE GOLD SIGNS BINDING TERMS SHEET WITH RAMELIUS RESOURCES ON JUPITER PROJECT
Renaissance Gold Inc.'s wholly owned subsidiary, Kinetic Gold (US) Inc. has signed a binding terms sheet with Ramelius Resources Ltd. (ASX: RMS) for an exploration earn-in agreement on its 100-per-cent-owned Jupiter project, a Carlin-type target located in Nye county, Nevada.
The agreement
The binding terms sheet stipulates the terms of a definitive agreement to be prepared within 90 days. The agreed terms grant Ramelius the right to earn a 75-per-cent interest in the property by spending $3-million (U.S.) over a five-year period. Ramelius paid the company a one-time payment of $25,000 (U.S.) upon signing the binding terms sheet, must spend $250,000 (U.S.) in the first year (firm commitment) before it may withdraw from the agreement and must spend a minimum of $100,000 (U.S.) in subsequent years to maintain the agreement.
Following completion of the earn-in, Ramelius will carry the company's share of joint venture expenditures up to Ramelius making a decision to mine. Upon making a decision to mine, the company must either contribute to joint venture expenditures in proportion to its ownership interest, dilute to a royalty interest, or allow Ramelius to provide project financing for the company, whereby Ramelius increases its project interest to 80 per cent.
Jupiter project
The Jupiter project is located approximately 60 miles southeast of Tonopah, Nev., and 110 miles north of Las Vegas, Nev. The project lies in the historic Queen City (Blackhawk) mining district at the southern end of the Quinn Canyon range. Historic mercury and base metals workings occur in several locations within and adjacent to the property. Widespread hydrothermal alteration occurs over a four-by-three-mile area and is characterized by abundant anomalous gold mineralization, with silicification plus or minus jarosite alteration. Surface rock chip sampling has yielded abundant and widespread anomalous results, ranging from detection limit up to 3.10 grams of gold per tonne, with strongly associated Carlin-suite volatile trace elements arsenic, antimony and mercury. At least one and possibly two phases of intrusive have been identified on the property, which may act as potential "heat engines" driving the hydrothermal activity. The large alteration system and associated mineralization affects both the Paleozoic sedimentary rocks and the overlying Tertiary volcanic rocks, and the company's exploration focus has been on developing Carlin-type targets in the Paleozoic carbonates.
Exploration and target development activities by the company have included geologic mapping, rock chip sampling and biostratigraphic dating, and have been successful in identifying three new target areas that are prospective for significant gold mineralization in a very similar geologic setting to Newmont's Long Canyon gold mine. Most importantly, the newly developed targets have never been drill tested. This work has redefined the stratigraphic and structural relationships in this area and have identified a previously unrecognized thrust fault, placing upper Cambrian over Ordovician rocks. This relationship indicates that prior drilling in this carbonate package occurred below the potentially highly productive Cambrian-Ordovician unconformity, which is a major host at Long Canyon. The targets consist of drilling to test the Cambrian-Ordovician unconformity in several areas; on strike with known mineralization under interpreted shallow alluvial or volcanic cover, and beneath significant "surface leakage" gold mineralization in overlying Ordovician rocks.
The Jupiter property comprises 120 claims held directly by Kinetic Gold (US) Inc. and is subject to a 1-per-cent net smelter returns royalty to Altius Royalty Corp.
Ronald Parratt, chief executive officer and executive chairman, states: "This new agreement for a Kinetic Gold property with a company such as Ramelius validates the earlier belief held by RenGold that the Kinetic portfolio would be of great value in the improving gold market. We're optimistic that the portfolio will continue to attract other partners."
Robert Felder, president, states, "We are very pleased to bring in such a strong partner as Ramelius to explore our Jupiter project and look forward to collaborating with the Ramelius team going forward."
Qualified person
All technical data disclosed in this press release has been verified by RenGold's qualified person, Robert Felder, MSc, and certified professional geologist as recognized by the American Institute of Professional Geologists (AIPG)
About Renaissance Gold Inc.
Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Renaissance Gold's objective is to place the projects in exploration earn-in agreements with industry partners which provide exploration financing. Renaissance Gold applies the extensive exploration experience and 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.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2481849&symbol=REN®ion=C
[url=http://peketec.de/trading/viewtopic.php?p=1760135#1760135 schrieb:
Kostolanys Erbe schrieb am 30.05.2017, 23:22 Uhr[/url]"]
Renaissance Gold issues 6.83 million shares for Kinetic
2017-05-29 17:54 ET - News Release
Mr. Ronald Parratt reports
RENAISSANCE GOLD ACQUIRES 100% OF KINETIC GOLD CORP.
As announced on May 11, 2017, the nine selling shareholders of Kinetic Gold Corp. have been issued an aggregate of 6,832,933 common shares of Renaissance Gold Inc. in exchange for 100 per cent of the issued shares of Kinetic. All securities issued are subject to a hold period in Canada expiring on Sept. 30, 2017.
Robert P. Felder was appointed to the board and as president of Renaissance Gold, and Gregory T. Hill was appointed principal geologist. Ronald L. Parratt became executive chairman and remains as the chief executive officer.
The acquisition of Kinetic is coming at a time when Renaissance Gold has a healthy treasury, having closed two private placements with Kinross Gold Corp. (May 15, 2017) and Coeur Mining Inc. (May 18, 2017), adding a total of $1,615,000 to the cash treasury for general corporate purposes. The company also signed an earn-in agreement with Kinross on three Renaissance Gold projects, including financing of $500,000 (U.S.) in exploration expenditures in the first year and an exploration alliance agreement with Coeur that finances $250,000 (U.S.) in generative exploration in the first year.
Mr. Parratt stated: "The acquisition of Kinetic accelerates the growth of our Nevada exploration project portfolio with the addition of 10 high-quality exploration projects at a time when demand for new exploration opportunities is growing. Although the past many years have been challenging, Bob Felder and Greg Hill have acquired an excellent portfolio of exploration properties in Kinetic primarily by staking in a period with less industry competition. We welcome them both to the RenGold team and know that their substantial exploration experience in Nevada and technical skills will be of great benefit to ongoing activities within RenGold."
Mr. Felder stated: "I am quite pleased to be taking on the role of president of RenGold and very much look forward to working with Ron and the team. We are immediately hitting the road to present our combined company to the investor community and to potential future partners and aim to continue our current momentum by bringing in additional partners to explore our property portfolio. Activity levels in this regard have been quite high for the past several months, and we remain confident that we can continue to successfully execute our business, get our targets drilled and increase the chances of achieving our ultimate goal -- which is making discoveries."
About Renaissance Gold Inc.
Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Renaissance Gold's objective is to place the projects in exploration earn-in agreements with industry partners, which provide exploration financing. Renaissance Gold 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.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2475357&symbol=REN®ion=C
Renaissance Gold one-million-share private placement
2017-05-30 16:51 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on May 23, 2017.
Number of shares: one million shares
Purchase price: 35 cents per share
Number of placees: one placee
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2476240&symbol=REN®ion=C
[url=http://peketec.de/trading/viewtopic.php?p=1759688#1759688 schrieb:
Kostolanys Erbe schrieb am 26.05.2017, 23:17 Uhr[/url]"]
Renaissance Gold closes $350,000 financing with Coeur
2017-05-26 11:45 ET - News Release
Mr. Ronald Parratt reports
RENAISSANCE GOLD AND COEUR MINING CLOSE PRIVATE PLACEMENT
As announced on May 23, 2017, Coeur Mining Inc. has been issued one million common shares of Renaissance Gold Inc. at a purchase price of 35 cents per share for gross proceeds of $350,000. The proceeds from the private placement will be used by Renaissance Gold for general corporate purposes. All securities issued are subject to a hold period in Canada expiring on Sept. 27, 2017. Renaissance Gold had 40,687,910 shares outstanding before the private placement closed and will have 41,687,910 shares outstanding after the private placement closes.
Ronald Parratt, president and chief executive officer, states, "We are pleased with the confidence placed in Renaissance by Coeur, and it is a pleasure to add a company such as Coeur to our shareholder list."
About Renaissance Gold Inc.
Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Renaissance Gold's objective is to place the projects in exploration earn-in agreements with industry partners who provide exploration financing. Renaissance Gold 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.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2474585&symbol=REN®ion=C
Renaissance Gold to explore Nevada, Utah with Coeur
2017-05-23 09:10 ET - News Release
Ms. Courtney Lynn reports
RENAISSANCE GOLD AND COEUR MINING EXECUTE DEFINITIVE EXPLORATION ALLIANCE AGREEMENT AND PLAN TO COMPLETE A PRIVATE PLACEMENT IN RENAISSANCE SHARES
Renaissance Gold Inc.'s subsidiary has signed a definitive agreement with Coeur Exploration Inc., a subsidiary of Coeur Mining Inc., for the generative exploration program as announced on Feb. 9, 2017. Under this agreement, Coeur Explorations will finance $250,000 (U.S.) per year in generative exploration expenses for a minimum of two years, during which the parties will identify and explore potential precious metals mining opportunities on lands in the states of Nevada and Utah within defined areas of interest. The agreement may be extended on an annual basis after the initial two-year term by the written agreement of the parties.
RenGold will use this financing to identify and stake properties that will then be presented to Coeur Explorations, which will then have 50 calendar days to elect to enter into an exploration earn-in agreement on a form that has been agreed to by the parties. If Coeur Explorations elects to accept the opportunity to earn into the property, RenGold will receive a one-time payment of $50,000 (U.S.) on signing and Coeur Explorations would be required to spend $3-million (U.S.) within three years to earn into an undivided 70-per-cent interest in the property. Additional payments from Coeur Explorations to RenGold would be triggered upon completion of a bankable feasibility study and upon achieving commercial production.
If Coeur Explorations does not elect to exercise its earn-in option regarding a property, the property will remain a 100-per-cent-owned property of the company.
Coeur Mining intends to subscribe for one million common shares in the capital of RenGold for gross proceeds of $350,000 or 35 cents per share. The private placement and any modification to it are subject to compliance with applicable securities laws and to receipt of regulatory approval. The proceeds from the private placement will be used by RenGold for general corporate purposes.
Commenting on the agreement, Ronald Parratt, president and chief executive officer, stated: "This is a great opportunity for RenGold to leverage its extensive database and experience in specific areas of interest to both parties. This agreement will help accelerate discovery for both Coeur and RenGold by having an industry partner poised to take on properties in the specific areas covered by the definitive agreement. We are very pleased Coeur is investing in the company."
About Renaissance Gold Inc.
Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. RenGold's objective is to place the projects in exploration earn-in agreements with industry partners which provide exploration financing. 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.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2473221&symbol=REN®ion=C
Renaissance Gold optionee Coeur pulls out from Arabia
2017-05-19 07:35 ET - News Release
Mr. Ronald Parratt reports
RENAISSANCE GOLD ANNOUNCES ARABIA EARN-IN TERMINATED
Coeur Mining Inc. has advised Renaissance Gold Inc. that it is withdrawing from the exploration and earn-in agreement dated Feb. 24, 2016, concerning the Arabia exploration property located in Pershing county, Nevada. Assay results from the recently concluded reverse circulation drilling program failed to meet its minimum investment criteria to continue.
The Arabia property comprises 59 unpatented mining claims, 12 patented mining claims (seven of which are owned by the company) and 299 acres of leased fee land all totalling in excess of 1,700 acres (688 hectares). Fieldwork completed during the past two years leading to the recent drill program included projectwide geologic mapping, rock and soil sampling, and gravity and magnetic geophysical surveys. Reverse circulation drilling conducted at Arabia from March 7, 2017, to March 27, 2017, with a total of 7,380 feet (2,250 metres) of drilling completed in eight drill holes. Several exploration targets were tested including those beneath the historic Electric and Montezuma mine workings exploring for extensions of mesothermal quartz veins and stockworks. These and other exploration targets were confirmed but were found to contain lower-than-expected values. Precious metal values reported from the drilling for five-foot (1.5 m) drilled intervals ranged from less than 0.005 gram/tonne to 0.574 gram/tonne gold and from less than 0.1 gram per tonne to 36.7 grams/tonne silver. Other anomalous metals in the drilling included copper (four to 598 parts per million), lead (three to 5,319 ppm), zinc (15 to 2,563 ppm) and antimony (two to 1,251 ppm). The best multisample drill interval contained 15.08 grams/tonne silver over 25 feet (7.62 m) using a 10-gram-per-tonne cut-off grade from zero to 25 feet (zero to 7.62 m) in drill hole AR-17-07. The company is continuing to evaluate the results of the exploration program to determine plans for further activity.
Qualified person
All technical data disclosed in this press release have been verified by the company's qualified person, Daniel W. Pace, registered member of the Society for Mining, Metallurgy and Exploration (SME). All samples were analyzed at Bureau Veritas of Reno, Nev. Samples were analyzed by fire assay for gold and four-acid digestions for multielement geochemistry. Standards and blanks were submitted into the sample chain to make up approximately 5 per cent of the overall sample volume.
About Renaissance Gold Inc.
Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. The company's objective is to place the projects in exploration earn-in agreements with industry partners who provide exploration financing.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2472825&symbol=REN®ion=C
[url=http://peketec.de/trading/viewtopic.php?p=1757863#1757863 schrieb:
Kostolanys Erbe schrieb am 16.05.2017, 00:00 Uhr[/url]"]Strong WL REN !
Das Management von REN (Mr. Parratt und Mr. Bedell ) waren damals die Gründer von AuEX Ventures, welches von Fronteer Gold übernommen wurde.
REN ist ein spin-off von AuEX Ventures.
REN hat namhafte JV-Partner an Bord! Ren lässt sozusagen die grossen mit einsteigen und läßt die Großen bohren....das spart Geld...
Neben Kinross ist Barrick, Newmont, Agnico Eagle und Altius Minerals mit an Bord!!!
Homepage:
http://www.rengold.com/s/Home.asp
Letzte Präsentation:
http://www.rengold.com/i/pdf/2017-03-22-CP.pdf
Renaissance Gold, Kinross sign option, investment deals
2017-05-15 17:40 ET - News Release
Mr. Ronald Parratt reports
RENAISSANCE GOLD AND KINROSS GOLD EXECUTE EARN-IN AGREEMENT TO FUND THREE PROJECTS IN NEVADA AND KINROSS TO ACQUIRE 8.07% OF RENAISSANCE
Renaissance Gold Inc. has signed definitive agreements with Kinross Gold USA Inc. granting Kinross USA the option to acquire a 70-per-cent interest in the Spruce East, Diamond Point and Buffalo Canyon exploration projects located in Nevada within 10 years. The Spruce East and Diamond Point projects in Elko County were recently acquired by RenGold (see press release NR2017-1, January 11, 2017) and Buffalo Canyon in Nye County is drill permit ready. Each project will be subject to a separate exploration earn-in agreement. Upon signing the definitive agreement Kinross USA will advance RenGold US$500,000 to carry out and conduct exploration for the first agreement year among the three projects as directed by Kinross USA. Subsequent years will have increasing minimum expenditures for each project of US$200,000, then US$300,000 and finally US$500,000 per year through year 10 totaling US$4,000,000 to vest an undivided 70% interest in each project. Kinross USA may accelerate vesting by spending US$5,000,000 before the end of the seventh year. In addition, RenGold will grant to Kinross USA, for a period of not more than three years, a right of first refusal (ROFR) to acquire new projects developed by RenGold under arms-length terms in a defined area of Nevada. The ROFR can be used a maximum of three times within the three years of the agreement.
In addition, Kinross Gold Corporation ("Kinross Gold") has been issued 3,833,333 common shares at a purchase price of C$0.33 per share for gross proceeds of C$1,265,000 (the "Private Placement"). The proceeds from the Private Placement will be used by RenGold for general corporate purposes. Kinross Gold will have certain rights to participate in future financings to maintain their interest. All securities issued are subject to a hold period in Canada expiring on September 16, 2017. RenGold had 36,854,577 shares outstanding before the Private Placement closed and will have 47,520,843 shares outstanding after the Private Placement closes, and after closing the acquisition of Kinetic Gold Corp., announced on May 11, 2017.
Fieldwork has already started at Spruce East with 262 new soil and 14 new rock chip samples submitted for analysis and field work is ongoing. Drilling is planned for mid-July. At Diamond Point a notice of intent has been filed at the BLM for 23 drill sites with approval expected later in May. A drill permit has been obtained at Buffalo Canyon and drilling is scheduled to start in early early October.
Ronald Parratt, President & CEO states "Execution of these agreements provides an excellent opportunity to accelerate the exploration of three properties in the RenGold portfolio. The extra funding into the corporation will allow us to continue an aggressive exploration program in specific areas with a partner anxious to pick up projects. We are pleased with the confidence placed in Renaissance by Kinross and it is a pleasure to add a company such as Kinross to our shareholder list."
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