Renaissance Minerals samples high-grade rock chips
THE DRILL SERGEANT: Renaissance Minerals (ASX: RNS) has reported high-grade rock chip sample results from Okvau North-West prospect, part of the company’s Okvau gold project in Cambodia.
The Okvau North-West prospect is a new target area located less than two kilometres from Renaissance’s 100 per cent-owned 1.2 million ounces of gold Okvau deposit.
The company’s current focus at Okvau is to build a pipeline of exploration targets around the deposit, to which end it has recently undertaken further mapping and surface sampling with particular focus within a five kilometre radius.
Renaissance explained the area is defined by coincident geochemical (soils) and geophysical (gradient array IP-chargeability) anomalies, with current artisanal workings mining multiple gold-bearing veins.
Okvau North-West rock chips. Source: Company announcement
Samples recently taken from these veins and associated dump material have returned results of 31 grams per tonne, 26g/t, 21g/t, 14g/t and 10g/t gold.
“Mineralisation appears to be associated with north-east trending geological structures, similar to those that host mineralisation at the Okvau deposit,” Renaissance Minerals said in its ASX announcement.
“Further prospect mapping and surface sampling will be undertaken to improve the geological interpretation of this area before drill testing.”
Renaissance has also completed a first pass Reverse Circulation (RC) drilling program of 17 holes at the Area 1 prospect.
This initial drill program was designed to check the geological interpretation and test for shallow mineralisation beneath anomalous surface geochemistry.
Results included:
2 metres at 2.5g/t gold from 2 metres;
1m at 2.9g/t gold from 14m;
2m at 1.5g/t gold from 89m;
2m at 1g/t gold from 75m.
“Results from this drilling does not fully explain the widespread anomalous soil geochemistry (gold, arsenic, bismuth and tellurium) and further work is required,” Renaissance said.
“The company is undertaking additional trenching to provide more detailed geological information to improve the interpretation.
“In particular, the trenching is designed to better define the contact between the diorite and hornfelsed sediments, which is considered to be a key control of mineralisation at the Okvau deposit.”
Email: admin@renaissanceminerals.com.au
Website: www.renaissanceminerals.com.au