leadf
logo-loader
viewOrogen Royalties 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

Nevada
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: Orogen Royalties Inc.

Price: 0.325 CAD

TSX-V:OGN
Market: TSX-V
Market Cap: $55.44 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Orogen Royalties Inc. named herein, including the promotion by the Company of Orogen Royalties Inc. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Orogen Royalties strong management team puts together impressive group of...

Orogen Royalties (CVE: OGN) CEO Paddy Nicol joined Steve Darling from Proactive to share news about the royalty company that actually is a couple of companies rolled into one as they bring exploration and transactional expertise from Evrim Resources and Renaissance Gold. Nicol talks about the...

2 weeks, 4 days ago

2 min read