Renaissance Minerals extends mineralisation at Okvau deposit

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THE DRILL SERGEANT: Renaissance Minerals (ASX: RNS) has completed a program of shallow RC drilling to test for gold mineralisation to the north and north-east of the Okvau deposit, part of the company’s 100 per cent-owned Cambodian gold project.

Renaissance explained the main lodes of mineralisation at Okvau strike to the north-east.

The company had identified anomalous soil geochemistry surrounding the deposit it considered to demonstrate potential for extensions to the currently defined strike area.

Results from the drilling include:

–    3 metres at 1.9 grams per tonne gold from 96 metres;

–    2m at 2.5g/t gold from 45m;

–     8m at 7.3g/t gold from 6m;

–     2m at 5.8g/t gold from 42m;

–    9m at 9.3g/t gold from 37m;

–    10m at 2.5g/t gold from 29m; and

–    2m at 3.8g/t gold from 52m.

“We are extremely pleased with these drill results which demonstrate the Okvau deposit has significant scope for growth,” Renaissance Minerals managing director Justin Tremain said in the company’s announcement to the Australian Securities Exchange.

“With a resource estimate of 1.2 million ounces of gold already defined, the Okvau deposit is shaping up to be a large scale gold deposit within a new frontier of unexplored prospective terrain in Cambodia.

“We are looking forward to further drill results from new regional targets in the coming weeks.”

Renaissance said the results had confirmed mineralisation remains open along strike and has the potential to add further shallow gold ounces to the Okvau deposit.

 

Okvau Exploration License area – soil geochemistry over geology. Source: Company announcment

 

The company is currently conducting a program of regional drilling with two RC rigs at the ‘Area 6’ prospect, which is located approximately 12 kilometres to the west of the Okvau deposit and along the Okvau ‘northern corridor’, which also includes the ‘Area 1’ and ‘Okvau North’ prospects.

Renaissance recently announced an independent JORC Code-compliant resource estimate for the Okvau gold deposit of 15.6 million tonnes at 2.4g/t for 1.2 million ounces of gold.