Carlin-type gold mineralization in a classical Carlin-type setting hosted in Roberts Mountains Formation exposed through an upper plate window with a Mesozoic stock at the center of the district.
Available for Joint Venture
The Raven Project is located in the Rabbit Carlin Trend in Nevada near the town of Austin, Nevada
The property consists of 169 unpatented mining claims administered by the BLM and controlled by Renaissance.
The Raven project area has been explored since 1968 by at least ten companies. Lyle Campbell was the original modern claim locator (1968). Since then at least nine companies have completed work on the property: Humble Oil and Refining (1969-1970), Earth Resources (1978-1979), Houston Oil (1980), USMX (1980), Energy Reserves (1980), Cyprus (1986-1988, Digger Resources (1994-1998), Kennecott (2000-2001), Nevada Gold Holdings (2009-2010). Approximately 157 drill holes have been completed in the district. Not all of these are on ground controlled by Renaissance Gold. Within our land position, the highest density of drilling is in the South Zone (36 holes), an area of gold mineralization occurring in upper plate siliciclastic rocks with grades up to 9.977 g/t Au. Previous drilling is historic in nature and has not been verified by Renaissance Gold's qualified person (QP).
The Raven project comprises one of the few remaining classical Carlin-type settings in Nevada where the discovery of a major deposit has yet to occur. The Roberts Mountains Formation and underlying eastern assemblage Ordovician carbonates are exposed through a window through upper plate Ordovician siliciclastic rocks of the Valmy formation. An undated intermediate phaneritic to porphyritic intrusive suite is present at the center of the district and is thought to be Mesozoic in age, potentially occupying deep-seated and long lived, inverted Proterozoic rift structures.
Skarn mineralization associated with the intrusion lies off Renaissance ground, and is enriched in Cu and Au. Marble and calc-silicate hornfels halo the intrusion. Most of Renaissance ground is characterized by widespread decalcification extending beyond the marble and calc-silicate halo, where there is the highest potential for Carlin-type deposits. The northern part of the property is characterized by numerous small windows exposing altered lower plate carbonates through a thin skin of upper plate rocks. Upper plate rocks are thicker in the southern portion of the property, concealing lower plate targets beneath approximately 1500 feet or more of upper plate and volcanic cover.
Gold is widespread throughout the north and south portions of the property and is most concentrated in the South Zone, an east-west zone of mineralization in the upper plate with grades up to 9.977 g/t Au. Deformed and faulted lower plate rocks beneath this upper plate anomaly comprise the primary target in the south portion of the property.
Gregory T. Hill. M.S., is a Certified Professional Geologist (CPG# 11030) as defined by the American Institute of Professional Geologists (AIPG), is Principal Geologist of Renaissance Gold, and is the Company's Qualified Person as required by NI 43-101 regulations for the technical information in this report. All drilling reported in this press release is historic in nature and has not been verified by a qualified person.