Available for Joint Venture
The Maggie Creek property is located 14.5 kilometers (9 miles) northwest of Carlin, NV and adjacent to Newmont's Gold Quarry Mine in Eureka County, Nevada.
The property consists of 103 unpatented mining claims administered by the BLM and controlled by Renaissance. The claims lie in T34N, R51E & R52E.
The Maggie Creek property was acquired from Wolfpack Gold (Nevada) Corporation in exchange for a 1% royalty that can be bought down at any time for US$1.5 million. The Maggie Creek property is also subject to an underlying 2% royalty to Golden Predator US Holding Corp.
The Maggie Creek Project lies adjacent to Newmont's Gold Quarry operations which, between 1981 and 2011, produced 469 tonnes of gold and is still in operation (NBMG SP MI-2013). Past exploration has been conducted by Wolfpack Gold, Newmont, Barrick, Teck and Cordex.
The Maggie Creek Project lies within the Maggie Creek Mining District in the core of the Carlin Trend. Renaissance's land position covers the NE projection of the Chukar-Alunite Fault Zone, which is mineralized at the Gold Quarry Mine. The property also covers the SE projection of the Castle Reef Fault zone, which is mineralized at the Leeville Mine. Historical drilling has intersected gold mineralization in the upper plate of the Roberts Mountain Allocthon that ranges in-grade from below detection limit to more than one gram in numerous drill holes.
A window of lower plate carbonates is exposed in the core of the Renaissance claim block. Gold mineralization in the window has been drilled at Newmont's Rainbow Deposit just south of Renaissance's land position. At the Rainbow deposit mineralization is localized on a N10E striking fault zone zone in the hangingwall of the NNW-trending Schroeder Fault (NBMG B111). Moderate to strong Carlin-type hydrothermal alteration (silicification, argillization and decalcification) extends north from the Rainbow Deposit onto the Renaissance land position.
Recent work by Rhys et al., (2015) has developed a framework for Carlin-type deposits that includes three phases of contractional deformation that develop favorable environments for gold mineralization. Detailed mapping on the property is being planned utilizing Rhys' work to identify the highest priority targets d mineralization. Previous drilling has not adequately tested near vertical mineralized structures exposed at the surface Most of the drilling on the property consists of shallow vertical holes. Previously unmapped altered felsic dikes have been located by RenGold in the lower plate which will be evaluated for drill targets The property drill hole database is being upgraded and modeled with detailed surface geology to develop priority drill targets.
Rhys, D., Valli, F., Burgess, R., Heitt, D., Griesel, G., and Hart, K., 2015, Controls of Fault and Fold Geometry on the Distribution of Gold Mineralization on the Carlin Trend in Pennell, W.M., and Garside, L.J., eds., New Concepts and Discoveries: Geological Society of Nevada, Reno, NV, p. 333-389.
Looking SW from Maggie Creek property to Gold Quarry
Composite geology map showing Renaissance claims in black. Location of major faults (Rhys et al. 2015) and their relation to local Gold Quarry, Mike and Rainbow Deposits.