Renaissance encounters high-grade drilling intercept

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THE DRILL SERGEANT: Renaissance Minerals has received more encouraging drill results from an ongoing diamond drilling program being carried out at the company’s Okvau gold deposit in Cambodia.

The company is conducting the current drilling program to focus on step-out drilling targeting additional gold mineralisation to increase the existing Okvau gold resource estimate.

An independent JORC-compliant indicated and inferred resource estimate has already been defined at the Okvau gold deposit of 12.6 million tonnes at 1.8 grams per tonne gold for 729,000 ounces of gold.

A single diamond drill hole was drilled as a 50 metre step-out hole to the south-east of the existing resource.

Best intercepts from the single hole include:

–    2 metres at 5.27 grams per tonne gold from 177 metres;

–     10m at 5.53g/t gold from 194m;

–    11m at 9.02g/t gold from 230m;

–     9m at 4.86g/t gold from 294m;

–    1m at 44.10g/t gold from 344m; and

–    21m at 2.35g/t gold from 355m.

 “The amount of gold in this single drill hole is extremely pleasing,” Renaissance Minerals managing director Justin Tremain said in the company’s announcement to the Australian Securities Exchange.

“The existing resource estimate at Okvau already contains over 2,500 ounces of gold per vertical metre from surface to 250 metres.

“This bodes well for a modest waste-to-ore ratio.”

 

Okvau gold deposit cross section – DD12OKV105. Source: Company announcement

 

Renaissance Minerals said it considers the drill results it has released to the market to date confirm the potential its Cambodia gold project to host world class mineralisation.

It is confident the step-out drilling it has undertaken to the south-east of the Okvau gold deposit is confirming the already large gold system it has identified remains completely open at depth.

Over the coming months the company will continue working at the Cambodian project by targeting a number of satellite targets across its 1,100 square kilometres land holding.

With the onset of the wet season Renaissance will undertake a comprehensive surface geochemistry program (stream sediment sampling and soil sampling) to prepare for an aggressive drilling program testing satellite targets during the dry season.