Renaissance continues Okvau drilling success

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THE DRILL SERGEANT: Renaissance Minerals (ASX: RNS) has received more positive results from the most recent diamond drilling program at the company’s 100 per cent-owned 1.2 million ounce Okvau gold deposit in Cambodia.

The recent drilling was undertaken outside the current resource envelope, where Renaissance has previously defined a zone of high-grade mineralisation.

The drilling also targeted high-grade zones within the existing resource envelope, to test the geological model in areas that lacked previous drilling.

“The results support the company’s geological model of the Okvau deposit and demonstrate the predictability of high-grade shoots,” Renaissance Minerals managing director Justin Tremain said in the company’s announcement to the Australian Securities Exchange.

“The grade of the intercepts on the western margin of Okvau and validity of the geological model indicate potential to enhance the current resource grade of the Okvau deposit.

“Furthermore, drilling outside of the Okvau resource has defined additional shallow mineralisation with excellent grade.”

Renaissance explained drilling had been undertaken north east of the Okvau deposit, outside of the current resource envelope, and also along the western margin of the Okvau deposit.

 

Okvau deposit drill collar location. Source: Company announcement

 

On the western margin of the Okvau deposit three diamond holes were drilled to test this model by targeting predicted high grade zones that had not been properly tested by previous drilling.

Highlights from this drilling include:

DD14OKV240

11 metres at 3.6 grams per tonne gold from 196m;

8m at 10.7g/t gold from 237m;

15m at 2.7g/t gold from 252m; and

15m at 5.7g/t gold from 290m, including 6m at 12.9g/t from 299m.

DD14OKV241

2m at 20.2g/t gold from 34m;

10m at 3g/t gold from 95m;

5m at 4.3g/t gold from 140m; and

20m at 2.4g/t gold from 159m.

Renaissance has worked up a number of exploration targets within close proximity to the Okvau deposit to be ready for drill testing.

The company indicated it plans to commence drill testing these exploration targets in the coming months.

In addition to exploration activities at Okvau, Renaissance said it intends to continue advancing studies on the potential development of the Okvau deposit.

Recent development activities include ongoing metallurgical test work, commencement of environmental and social baseline data collection programs and scoping level capital and processing cost estimation.

Email: admin@renaissanceminerals.com.au

Website: www.renaissanceminerals.com.au