Renaissance continues drilling run at Okvau

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THE DRILL SERGEANT: Renaissance Minerals (ASX:RNS) has received further drill results from an ongoing diamond drilling program at the company’s Okvau gold deposit in Cambodia.

The company is conducting the current drilling program of step out drilling to target additional gold mineralisation to increase the existing Okvau gold resource estimate.

“The amount of gold that is being seen in the drill holes to the south and the tenor of the mineralisation 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.

“Drilling is confirming that this high level of gold endowment is continuing at depth and there remains significant expansion potential to the south-east.

“The deposit is also open to the north.”

 

Okvau gold deposit drill hole collar location. Source: Company announcement

 

Renaissance drilled a diamond drill hole to target up dip extensions of veins included in the current resource estimate and to test for new zones of mineralisation below the current resource envelope.

Results from this hole included:

14 metres at 15.03 grams per tonne gold from 26 metres, including 1 metres at 198 grams per tonne gold from 27 metres;

8m at 2.46g/t gold from 100m;

6m at 4.86g/t gold from 170m;

6m at 3.93g/t gold from 193m;

1m at 59.20g/t gold from 268m;

2m at 16.81g/t gold from 282m;

2m at 8.08g/t gold from 315m;

34m at 2.11g/t gold from 329m;

3m at 5.20g/t gold from 385m; and

10m at 9.67g/t gold from 411m.

A further diamond drill hole was drilled as a step out hole to the south of the existing resource and was designed to test the southern extent of the diorite intrusion that hosts the Okvau gold mineralisation.

Results from this hole included:

2m at 6.30g/t gold from 32m; and

20m at 1.92g/t gold from 83m.

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.

Renaissance said the drilling conducted to the south-east of the existing resource had intersected some the best mineralisation seen at the Okvau gold deposit to date, in terms of both grade and widths.

The company believes the drill results released to date confirm the potential of the Cambodia gold project to host world class mineralisation.