RENAISSANCE GOLD INC. : http://www.rengold.com/ : QwikReport

News Releases

#July 31, 2019
Renaissance Gold Announces Commencement of Drilling

 

Renaissance Gold Inc. (TSX.V:REN / OTCQB:RNSGF) ("RenGold" or the "Company") is pleased to announce the commencement of drilling on its Ferguson Mountain Project, under an earn-in agreement with Hochschild Mining plc and its Fat Lizard Project, under an earn-in agreement with OceanaGold Corp. (see NRs dated January 17 and February 20, 2019).

Robert Felder, President and CEO states "We are excited to continue our 2019 drilling campaign in Nevada with new partners and new targets that have never been drilled. Following the drill program recently completed by AngloGold Ashanti on our Silicon Project, these are the second and third of an anticipated eight projects to be drilled this year, continuing RenGold's significant exposure to upside success through our portfolio approach to exploration."

The Ferguson Mountain project, Elko County, Nevada is a Carlin-type gold target on a northwest trend of gold occurrences encompassing Nevada Gold Mining's (Barrick-Newmont JV) Long Canyon mine, the Morgan Pass gold occurrence and the Gold Hill mine in Utah (Figure 1).

Geologic mapping, soil and rock chip geochemical sampling and a recent CSAMT survey have refined our understanding of the structural architecture on the Ferguson Mountain project and a 5-hole, 1525 meter reverse circulation program is underway. The initial drill program will test several targets associated with mapped mineralized structures and newly recognized structures interpreted from the CSAMT and their potential intersection with favorable stratigraphic horizons at depth.

The Fat Lizard project, Nye County, Nevada is a low-sulfidation epithermal target with no historic drilling. (Figure 2).

Target generation work conducted by RenGold and OceanaGold consisted of geologic mapping, geochemical sampling and a gravity survey. Mapping and sampling has documented the presence of silicified ridges and hydrothermal breccias containing anomalous gold (up to 0.5 g/t) and trace elements (Sb, Te, As, Hg). In addition, observations of alteration and vein textures further support the interpretation of a high-level exposure of a low-sulfidation epithermal system with the potential to host high-grade veins associated with boiling horizons at depth. The current drilling program will test the deeper portions of the system with 1240 meters in 3 core holes.

About Renaissance Gold Inc.

Renaissance Gold Inc. is a western US focused prospect generator utilizing a joint venture business model. RenGold 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 who provide exploration funding. RenGold maintains a large portfolio of gold and silver exploration properties and has entered into over 70 exploration agreements over the past 16 years including those of its predecessor, AuEx Ventures Inc., and those from Kinetic Gold. RenGold's objective is to place its projects into exploration agreements, testing as many drill targets as possible and providing maximum exposure to success through discovery.

Qualified Person

All technical data disclosed in this press release has been verified by RenGold's Qualified Person, Robert Felder, M.Sc. and Certified Professional Geologist as recognized by the American Institute of Professional Geologists (AIPG).

By: Robert Felder, President & CEO

For further information, contact:

Robert Felder 775-337-1545 or
Ronald Parratt 775-337-1545 or

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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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#July 17, 2019
Renaissance Gold Grants Stock Options

 Renaissance Gold Inc. (TSX.V:REN / OTCQB:RNSGF) ("RenGold" or the "Company") reports that the Board of Directors today, granted stock options of a total of 2,770,000 common shares to Directors, Officers and Employees, exercisable for up to five years at a price of C$0.285 per share being the closing price of RenGold's common shares on the day prior to grant. The options granted will be subject applicable regulatory hold periods.

About Renaissance Gold Inc.

Renaissance Gold Inc. is a western US focused prospect generator utilizing a joint venture business model. RenGold 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 who provide exploration funding. RenGold maintains a large portfolio of gold and silver exploration properties and has entered into over 70 exploration agreements including those as its predecessor, AuEx Ventures Inc., and those from Kinetic Gold. RenGold's objective is to place its projects into exploration agreements, testing as many drill targets as possible and providing maximum exposure to success through discovery.

By: Robert Felder, President & CEO

For further information, contact:

Robert Felder 775-337-1545 or bfelder@rengold.com
Ronald Parratt 775-337-1545 or rparratt@rengold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
 
#June 20, 2019
Renaissance Gold Exploration Update: Positioned for Success

 

Renaissance Gold Inc. (TSX.V:REN / OTCQB:RNSGF) ("RenGold" or the "Company") is pleased to provide an update on exploration and drilling plans on partner funded projects for the current field season. The Company has yet another season of aggressive exploration underway with eight projects in exploration earn-in or option agreements.

Robert Felder, President and CEO states "The Company is currently in a strong financial position and anticipates another year of significant partner funded exploration and drilling. Following our recently closed private placement with Altius Minerals (see NR dated May 1, 2019), and the recent payment received from AngloGold Ashanti to maintain their option on the Silicon Project (see NR dated May 29, 2019), we are well positioned to be able to carry out exploration programs for the next two to three years without the need for additional financing. RenGold occupies a unique niche in this jurisdiction in terms of levels of activity, partner funding and history of successes, and we are proud to be the premier prospect generator in Nevada."

Partner Funded Projects

A project location map is shown in Figure 1 below.

Mars Project, Lincoln Co., Nevada (in earn-in agreement with Hochschild Mining plc)

RenGold is the operator of the Mars Project and has recently completed a 746-sample soil geochemical survey covering several target areas. The samples have been submitted to ALS Geochemistry for gold plus trace element analysis and results are expected in late June. Additional geologic mapping is ongoing and an IP geophysical survey is planned for later this month. The geologic mapping will be used in conjunction with the new geochemical and geophysical data to further refine drill targets. A 2400-meter reverse circulation drilling program is scheduled to commence in late Q3.

Ferguson Mountain Project, Elko Co., Nevada (in earn-in agreement with Hochschild Mining plc)

RenGold is the operator of the Ferguson Mountain Project and has recently completed a CSAMT geophysical survey on the project. The CSAMT has been integrated into the geologic model and has defined some new structural targets which will be tested with a 1500-meter reverse circulation drill program to begin in early Q3.

Spring Peak Project, Mineral Co., NV (in earn-in agreement with OceanaGold Corp.)

OceanaGold is the operator of the Spring Peak Project and is planning a 4-hole, 2000-meter oriented core drilling program for Q3. Oceana has planned a 465 soil sample program paired with a CSAMT survey. These new data will be interpreted with additional geologic mapping and rock chip sampling to refine the current drill targets. A permit application (Plan of Operations) has been submitted to the U.S. Forest Service.

Fat Lizard Project, Nye Co., Nevada (in earn-in agreement with OceanaGold Corp.)

OceanaGold is planning a 3-hole, 1240-meter oriented core drilling program to begin in late June, which will be the first drill program ever on the Fat Lizard Project. Geologic mapping, additional rock-chip sampling and a gravity geophysical survey have been recently completed, and drill permitting is underway.

Jake Creek Project, Humboldt Co., Nevada (in earn-in agreement with Ginguro Gold Pty. Ltd.)

Ginguro is the operator of the Jake Creek Project and has recently completed a 1000-sample ionic leach soil geochemistry survey, defining significant NE trends which, interpreted with the existing geophysical data, provide compelling drill targets. Ginguro is planning a program of drilling, scheduled to begin in the Fall.

Ecru Project, Lander Co., Nevada (in earn-in agreement with S2 Resources Ltd.)

S2 is the operator of the project, and following drilling in 2018 (see NR dated February 19, 2018), has submitted a suite of samples for biostratigraphic (fossil) dating, which will be used along with drill data to refine understanding of the structural and stratigraphic framework on the project. This work will be further integrated with a planned airborne magnetic geophysical survey to determine the possible presence of buried intrusive bodies which could support targets analogous to Barrick's adjacent Robertson project (See Coral Gold NRs dated February 20 and May 22, 2019). Subject to the satisfactory completion and outcomes of the magnetic survey and receipt of all pending data, a second drill program is tentatively planned for Q3

Jupiter Project, Nye Co., Nevada (in earn-in agreement with Ramelius Resources Ltd.)

Ramelius has the right to earn a 75% interest in the Jupiter Project by spending US$3,000,000 over a 5-year period, currently ending in June 2022. Ramelius is the operator of the project and is currently designing a third round of drilling to possibly begin in Q3. Details as to the timing and implementation of the program will be available once any final decision to proceed is made. The rationale is to test targets on the west side of the property, where mineralized jasperoids and fault breccias contain anomalous gold up to 0.98 g/t Au and where the depth to target is perceived shallower than continuing to drill test the eastern flank under plus 100m of Tertiary volcanics. The drilling will target for mineralization hosted at or near the Cambrian-Ordovician unconformity, a well known host of mineralization at several Nevada gold deposits.

Silicon Project, Nye Co., Nevada (in option agreement with AngloGold Ashanti NA)

AngloGold Ashanti has completed a combined RC and Core drilling program and as of early June 2019 is continuing an extensive IP survey as well as a gravity survey on the project. AngloGold Ashanti completed their US$300,000 payment in May to maintain an option on the project and can elect to pay an additional US$2,400,000 by June 21, 2020 to acquire a 100% interest in the project. Following completion of the purchase option, RenGold would retain a 1% net smelter return royalty on future production from the project. (see NRs dated June 30, 2017, May 1, 2018 and March 27, 2019 and May 29, 2019).

Generative Exploration

The Company continues to take an aggressive approach to its generative exploration efforts in anticipation of increasing demand in an improving market. In the past year we have generated three new projects and it is our goal to keep actively pursuing new, quality discovery opportunities to benefit both our investors and our industry partners.

About Renaissance Gold Inc.

Renaissance Gold Inc. is a western US focused prospect generator utilizing a joint venture business model. RenGold 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 who provide exploration funding. RenGold maintains a large portfolio of gold and silver exploration properties and has entered into over 70 exploration agreements including those as its predecessor, AuEx Ventures Inc., and those from Kinetic Gold. RenGold's objective is to place its projects into exploration agreements, testing as many drill targets as possible and providing maximum exposure to success through discovery.

Qualified Person

All technical data disclosed in this press release has been verified by RenGold's Qualified Person, Robert Felder, M.Sc. and Certified Professional Geologist as recognized by the American Institute of Professional Geologists (AIPG).

By: Robert Felder, President & CEO

For further information, contact:

Robert Felder 775-337-1545 or
Ronald Parratt 775-337-1545 or

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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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#May 29, 2019
Renaissance Gold receives US$300,000 payment from AngloGold Ashanti to maintain option for 100% earn-in on Silicon project

 Renaissance Gold Inc. TSX.V:REN ("RenGold" or the "Company") is pleased to announce that AngloGold Ashanti NA ("AngloGold") has elected to maintain its 100% earn-in option on the Silicon project for the third year and has made the second anniversary payment of US$300,000 to the Company. AngloGold reported in their 2H 2018 report that they commenced their planned 17,000m, Phase 2 drill program in late 2018 with one RC and one core rig. On a recent visit to the project, RenGold personnel observed that they have conducted drilling over a strike length of more than 3 kilometers along the Silicon-Thompson structural corridor. AngloGold has also reported multiple induced polarization (IP) geophysical surveys over the project, being used along with surface mapping to delineate additional targets within the Silicon claim block. The area of current drilling focus is one of several target areas recognized by RenGold during its early target generation efforts in this area.

Robert Felder, President and CEO states, "We are very pleased to receive the notification and payment from AngloGold indicating that they plan to continue into the third and final year of the agreement. Based on the observed amount of drilling they have completed, and the recent comments by AngloGold's CEO, we think it is safe to say they are significantly encouraged by the results generated to date."

AngloGold entered into an agreement with RenGold in 2017, whereby it has the option to acquire a 100% interest in the project by paying RenGold US$3,000,000 by June 21, 2020 of which AngloGold has now paid US$600,000. If AngloGold completes the payments and exercises the purchase option, RenGold would retain a 1% net smelter return royalty on future production from the project. (see NRs dated June 30, 2017, May 1, 2018 and March 27, 2019).

Silicon is located in the Bare Mountain mining district, Nye County, Nevada. The Silicon property is comprised of 277 unpatented mining claims owned by RenGold and an additional 271 unpatented mining claims located by AngloGold within the agreement's project area of interest, totaling 548 claims and approximately 10,960 acres (4,436 hectares).

About Renaissance Gold Inc.

Renaissance Gold Inc. is a western US focused prospect generator utilizing a joint venture business model. RenGold 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 who provide exploration funding. RenGold maintains a large portfolio of gold and silver exploration properties and has entered into over 70 exploration agreements including those as its predecessor, AuEx Ventures Inc. and those from Kinetic Gold. RenGold's objective is to place its projects into exploration agreements, testing as many drill targets as possible and providing maximum exposure to success through discovery.

About AngloGold Ashanti

AngloGold Ashanti Limited (JSE:ANG; NYSE:AU; ASX:AGG) is a global gold mining company. It was formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation. AngloGold Ashanti Limited is now a global gold producer with 14 operations in nine countries.
Qualified Person

All technical data disclosed in this press release has been verified by RenGold's Qualified Person, Robert Felder, M.Sc. and Certified Professional Geologist as recognized by the American Institute of Professional Geologists (AIPG).

By: Robert Felder, President & CEO

For further information, contact:

Robert Felder 775-337-1545 or bfelder@rengold.com
Ronald Parratt 775-337-1545 or rparratt@rengold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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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#May 01, 2019
Renaissance Gold Closes Private Placement by Altius Minerals

 
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Renaissance Gold Inc. (TSX.V:REN / OTCQB:RNSGF) ("RenGold") is pleased to announce that Altius Minerals Corporation (TSX:ALS) ("Altius") has completed its investment in the Company of $1,429,054 by way of a non-brokered private placement through the issuance of 5,716,216 units at a price of $0.25 per unit (a "Unit") as announced on April 24, 2019. All securities issued and issuable are subject to a hold period in Canada expiring on September 1, 2019.

Robert Felder, President and CEO states "We are very pleased to have Altius' support and welcome them as a more significant shareholder. We have had a long-term and productive association with the Altius team, including past alliances which generated project royalties for Altius on our Silicon and Jupiter projects. We see their meaningful support of our company as a vote of confidence in our technical and business capabilities, and our strong commitment to creating shareholder value through discovery. The financing will provide additional funding for our 2019/2020 generative exploration programs."

Chad Wells, Vice President Business Development of Altius commented "It's a genuine pleasure to increase our shareholding in RenGold as we view Bob and his group as one of the preeminent project generators in the mineral business today. Altius also has notable royalty exposure to projects generated by RenGold from past alliances, including potential discoveries like Silicon."

Prior to completion of the private placement Altius owned 1,083,784 common shares of RenGold representing 1.7%. After completion of the private placement Altius owns 6,800,000 common shares of RenGold representing 9.9%. If Altius exercise all of its Warrants, then Altius would own and control an aggregate of 12,516,216 common shares of RenGold representing an ownership interest of approximately 16.9% (post-issuance).

Altius purchased the Units for investment purposes. Depending on market conditions and other factors, Altius may from time to time acquire and/or dispose of securities of RenGold or continue to hold its current position.

About Renaissance Gold Inc.

Renaissance Gold Inc. is a western US focused prospect generator utilizing a joint venture business model. RenGold 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 who provide exploration funding. RenGold maintains a large portfolio of gold and silver exploration properties and has entered into over 70 exploration agreements including those as its predecessor, AuEx Ventures Inc., and those from Kinetic Gold. RenGold's objective is to place its projects into exploration agreements, testing as many drill targets as possible and providing maximum exposure to success through discovery.

About Altius Minerals Corporation

Altius directly and indirectly holds diversified royalties and streams which generate revenue from 15 operating mines. These producing royalties are located in Canada and Brazil and provide exposure to copper, zinc, nickel, cobalt, iron ore, potash, thermal (electrical) and metallurgical coal. The portfolio also includes development stage royalties in copper and renewable energy and numerous predevelopment stage royalties covering a wide spectrum of mineral commodities and jurisdictions. Altius also holds a portfolio of junior equities that were generated from vending exploration projects to industry partners in exchange for minority equity interests and new royalties.

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF ANY OF THE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL, INCLUDING ANY OF THE SECURITIES IN THE UNITED STATES OF AMERICA. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE "1933 ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE 1933 ACT) UNLESS REGISTERED UNDER THE 1933 ACT AND APPLICABLE STATE SECURITIES LAWS, OR AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS IS AVAILABLE.

By: Robert Felder, President & CEO

For further information, contact:

Robert Felder 775-337-1545 or bfelder@rengold.com
Ronald Parratt 775-337-1545 or rparratt@rengold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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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