viewRenaissance Gold, Inc.

Renaissance Gold reports core drilling has started on two of its projects in Nevada

Renaissance expects exploration drilling programmes on at least seven of its partner-funded projects during 2018

Renaissance provided an update on two of the planned drilling campaigns that are already underway

Renaissance Gold Inc (CVE:REN) said core drilling has started on the South Roberts project in Eureka County, Nevada.

A recently completed controlled source audio-frequency magnetotelluric (CSAMT) survey and an infill soil geochemistry program have significantly strengthened the drill targets on the project, located on the prolific Battle Mountain-Eureka Trend of world-class gold deposits, Renaissance said.

READ: Renaissance Gold updates on Nevada projects and 2018 drilling plans​

Two initial core holes are planned to depths of around 400 metres to test multiple target horizons.

Meanwhile, on the Silicon project, in the Bare Mountains mining district of Nye County, Nevada, Renaissance's partner, AngloGold Ashanti has completed three core holes, totaling 1,145 metres, of a planned programme to drill around 3,000 metres.

Detailed geologic mapping and a gridded soil programme are underway over the existing claim block, to identify further drill target opportunities.

"We are very excited to begin drilling on the South Roberts targets. The recently generated results provide a lot of encouragement on an already very strong target in a very prospective location on a major gold trend in Nevada,” said Robert Felder, the president and chief executive officer of Renaissance.

“We are also very pleased to see the progress being made by AngloGold at Silicon and will report drill results as they become available. This is an exciting year for RenGold, with seven planned drill programmes all representing opportunities to produce significant results for shareholders," he added.

Quick facts: Renaissance Gold, Inc.

Price: 0.61 CAD

Market: TSX-V
Market Cap: $41.8 m

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