Renaissance Gold Advances Sinter Epithermal Gold-Silver Project

WHITE ROCK, BC - Renaissance Gold Inc. reported that the trench sampling and drilling results confirm the presence of a shallow zone of gold-silver mineralization at the Sinter Project, Pershing County, Nevada. The Sinter property lies in the northern part of the Velvet District near other shallow epithermal gold prospects at RenGold's Bunce property and at the historic Velvet Mine, a gold-silver producer in the early 1900's. This section adjoins 33 claims controlled by lease and staking, all of which combined comprise a total area of approximately 1190 acres (480 hectares).

Initial rock chip grab samples of two old dozer cuts yielded several analyses exceeding 3 grams/tone gold from a zone of chalcedony and quartz-adularia stock works and narrow veins that cut a bimodal sequence of Miocene volcanic flows, tuffs, volcaniclastic sediments, and debris flows. Fresh exposures created by the construction of two trenches, an access road, and two drill pads in and near the old dozer cuts reveal the steeply dipping zone intermittently over a strike-length of 100 meters on a north-northeast bearing.

Trench #1 produced two contiguous samples spanning the zone that averaged 5.92 grams per tone gold and 23.19 grams per tone silver over 3.7 meters (12 feet). Trench #2, located 100 meters (320 feet) northward, exposed the zone in its north and south walls and, intermittently, over a 7 meter (24 foot) length in the floor. The zone narrows northward from 6 meters (20 feet) as sampled on the south wall to 3.4 meters (11 feet) on the north wall. Samples from the zone in Trench #2 consistently reported gold grades of about 0.5 grams per tone and silver grades of about 3.9 grams per tone. Geologic mapping and sampling indicate that the mineralized zone could extend north-northeastward as much as 1200 meters (4000 feet). A prospective area of similar extent lies south-southwest of the trenches.

RenGold recently completed 10 reverse circulation drill holes within and near the Trenches #1 and #2. The holes tested the orientation and continuity at shallow depths of the mineralized zone exposed in the trenches.

Each of the 10-drill holes intersected mineralization approximately on the down-dip projection of the zone mapped at the surface. Most of the holes were drilled northwestward to westward across the strike of the zone. However, SINT-6 and SINT-7 were drilled southeastward across the zone. Five of the holes yielded assays ranging from 1 to 3.7 grams. Holes SINT-1 and SINT-2 tested the down-dip extension of the >5 gram gold zone sampled in Trench #1, but produced values in the 0.1 to 0.2 gram range.

Richard Bedell, President & CEO, said,  The new drill holes confirm the presence of significant gold-bearing shallow epithermal vein system at Sinter. This vein is adjacent to a sub parallel recessive valley and surface float of epithermal mineralization has been found, thus expanding the target considerably. Further trenching and drilling will test the potential of this lengthy prospective structural corridor. Sinter lies within a very prospective Miocene volcanic rift that remains active to this day and hosts the famous Sleeper Deposit and the evolving Hycroft mine. Past production along the same rift and near to Sinter includes Velvet, Rosebud and Seven Troughs."