Renaissance receives multiple high-grade results from Okvau drilling

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

The drilling program was primarily focused on step out drilling targeting additional gold mineralisation to increase the existing Okvau gold resource estimate.

 

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

 

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.

“Results from our first major drilling program at Okvau have supported our expectation that the Okvau deposit could grow considerably beyond the current resource estimate,” Renaissance Minerals managing director Justin Tremain said in the company’s announcement to the Australian Securities Exchange.
 
“We are now coming up to the dry season in Cambodia which will provide Renaissance with its first opportunity to drill high priority prospects supported by promising soil geochemistry, all within close proximity to the Okvau deposit.

“The recent equity raising allows the company to pursue these targets with aggressive drilling.”

Best intercepts (+10 gram metre) include:

Hole DD12OKV110:

–    28 metres at 1.75 grams per tonne gold from 42 metres, including 1 metre at 25.80 grams per tonne gold from 69 metres;

–    2m at 9.81g/t gold from 81m;

–    1m at 20.40g/t gold from 118m;

–    14m at 3.11g/t gold from 133m;

–    9m at 3.61g/t gold from 152m;

–    7m at 4.65g/t gold from 205m, including 1m at 27.20/t gold from 205m;

–    1m at 26.60g/t gold from 232m; and

–    35m at 2.40g/t gold from 256m, including 1m at 51.40/t gold from 256m.

Hole DD12OKV111:

–    6m at 3.50g/t gold from 108m;

–    5m at 4.83g/t gold from 122m; and
 
–    7m at 9.59g/t gold from 265m, including 3m at 21.01g/t gold from 267m.

Hole DD12OKV112:

–    9m at 1.20g/t gold from 121m; and

–    1m at 13.10g/t gold from 162m.

All intersections are interpreted to be close to true width.

Drill hole DD12OKV110 was drilled as an ‘in-fill’ hole to confirm the existing resource interpretation and to provide samples for future metallurgical test work. Mineralisation was intersected as predicted by the existing resource interpretation.

Drill hole DD12OKV111 was a re-drill of one of the earlier holes (DD12OKV097) which was terminated early at 35 metres due to drilling difficulties.

This hole was designed to test for ‘up-dip’ extensions to zones of mineralisation contained in the current resource estimate.

Multiple zones of high-grade mineralisation were interpreted.

The final hole of the drill program, DD12OKV112 was drilled to the south of the resource envelope and behind an earlier hole drilled by Renaissance which intersected new zones of moderate grade mineralisation.

This hole extended the new zone of mineralisation down dip.