|October 30, 2014|
Large Land Package in the Pequops is given Six Year Extension
|Renaissance Gold Inc. (TSX: REN) ("RenGold" or the "Company") is pleased to announce the execution of a six year extension of the large Pequop and Woodhills land package in northeastern Nevada with New Nevada Resources, LLC ("NNR"). This includes 34,408 acres (13,924 Hectares) of important exploration terrain in the evolving Pequop Gold District. A good portion of the NNR land is included within the Woodhills land package that is currently under an exploration earn-in agreement with Newmont USA Limited. |
This agreement extends the current six year agreement that terminates April 23rd, 2015 and will extend it another six years. On execution $1,000 was paid to NNR and beginning in April 2015 RenGold shall pay $2.50 per acre annually for the first three years and $5.00 an acre the second three years. Half the optioned acreage must be returned after three years or extended by making a one-time payment of $25,000.
Richard Bedell, President and CEO of RenGold comments: "We are pleased to extend this agreement in a new, evolving gold district. There are some important secondary and tertiary targets that need further geoscience work to understand and put into context. It is very early in the discovery history and we intend to stick with it."
All data disclosed in this press release, including sampling, analytical and test data, have been reviewed by the Company's qualified person Mr. Eric M. Struhsacker, M.Sc., and Certified Professional Geologist as recognized by the American Institute of Professional Geologists.
About Renaissance Gold Inc.
Renaissance Gold Inc. is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Many of the projects are in exploration earn-in agreements with industry partners who provide exploration funding. 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.
Renaissance Gold Inc.
By: Richard L. Bedell, President and CEO
For further information, contact:
Richard L. Bedell, 775-337-1545 or firstname.lastname@example.org or Eric Struhsacker, 775-337-1545 or email@example.com
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Renaissance Gold Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Renaissance Gold Inc's management on the date the statements are made. Except as required by law, Renaissance Gold Inc. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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