THE DRILL SERGEANT: Renaissance Minerals has received the latest results from an ongoing diamond drilling program being conducted at and around the company’s Okvau gold deposit in Cambodia.
The company completed a small reconnaissance program of five shallow diamond drill holes to test anomalous gold in soils extending for over 500 metres to the immediate north of the JORC-compliant indicated and inferred resource estimate already defined at Okvau of 12.6 million tonnes at 1.8 grams per tonne gold for 729,000 ounces of gold.
– 4 metres at 1.86 grams per tonne gold from surface; and
– 9m at 6.60g/t gold from surface and 2m at 3.50g/t gold from 18m and 1m at 15.90g/t gold from 37m.
Okvau soil geochemistry and new drill hole collar locations. Source: Company announcement
“The acquisition of the Cambodian project was driven by a strong belief in the potential for new gold discoveries in the near vicinity of the Okvau gold deposit,” Renaissance Minerals managing director Justin Tremain said in the company’s announcement to the Australian Securities Exchange.
“We are extremely pleased that drilling of the first target outside of Okvau has returned 9m at 6.60g/t gold from surface.
“This intersection, located 500 metres north-west of Okvau, combined with the soil geochemistry, demonstrates this exploration and resource growth potential.
“The 729,000 ounces of gold defined at the Okvau gold deposit has been delineated over an area of just 500 metres by 300 metres, so opening up a further 500 metres is significant.”
The company is of the opinion the results, although from an area outside of the Okvau gold deposit demonstrates its potential for new gold discoveries.
It also considers them to highlight the potential of the Cambodian projects as the area outside of the Okvau deposit remains largely unexplored.
Over the coming months Renaissance intends to continue its efforts to unlock, what it perceives to be, the value of its Cambodian project by targeting a number of satellite targets.
As the wet season approaches the company is conducting a comprehensive surface geochemistry program, including stream sediment sampling and soil sampling, to prepare for an aggressive drilling program testing satellite targets during the dry season.
Meanwhile, diamond drilling will continue on the Okvau gold deposit.
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