Renaissance Stakes Newly Generated Projects in Nevada

RENO, NV - Renaissance Gold Inc. reported that RenGold's generative efforts have resulted in the staking of two new Carlin-style projects in NE Nevada. The Diamond Point project is located in Nevada's prolific Carlin trend south of the Pinion-Railroad district where Gold Standard Ventures is having success and northwest of the Bald Mountain district currently operated by Kinross. The primary stratigraphic hosts for gold mineralization in both the Carlin-Type systems in the Bald Mountain district and the Pinion-Railroad district are the silty carbonates above the Devonian/Mississippian unconformity. In all three, gold mineralization occurs along north striking normal faults intruded by Eocene intrusions. This stratigraphy is preserved at reasonable depths under the Diamond Point project and has never been drill tested. The Diamond Point mineral claims are located on BLM land and cover a 4,000-meter strike length of the gold mineralized West Fault projected under shallow alluvial cover. Outcropping gold mineralization along the West Fault occurs in jasperoids with 16 rock chip samples taken by RenGold ranged from 6.7 g/t gold to below detection limit and Carlin-style pathfinder elements including arsenic from 6-1620 ppm and antimony from 4-787 ppm above the favorable host rocks. Along strike to the north, a historic CSAMT survey and 3 broadly spaced historic reverse circulation drill holes define an anticline through the projected target area. In summary, this untested target has gold along strike, structure, and stratigraphy within the prolific Carlin -- Bald Mountain trend. The project is available for joint venture.

The Spruce East project is at the south end of the evolving Pequop Gold District where the predecessor company to RenGold (AuEx Ventures) had exploration success with Long Canyon, now currently being mined by Newmont. This Carlin-style project is also located on BLM claims. The project was explored by multiple groups in past years but efforts were hampered because of a fragmented land position which is now consolidated, and the poor market for raising funds for exploration. The target is a NE striking antiform dissected by northeast and east-northeast striking normal faults, similar to Long Canyon. The project has seen no exploration drilling since 1990 when Echo Bay defined a > 700-meter strike length of anomalous gold in jasperoid hosted in the Permian Pequop Formation with a shallow drilling program. Rock chips and historic drill holes contain from below detection limit to over 1 g/t gold. Historic drill data has not been verified by a Qualified Person. Historic soils closer to the anticline axis have from below detection limit up to 0.41 g/t gold which have not been drill tested. RenGold has taken 15 verification samples from within the historic grid which range from <0.001 g/t to 0.166 g/t Au. The nearest exposure of the favorable stratigraphy in the west flank of the antiform has up to 3.9 g/t gold in decalcified sandy carbonates dipping into a major mineralized fault. In summary, this project has significant gold values at surface and in drilling and the main structural and stratigraphic zone remains untested. The project is available for joint venture. 

Currently RenGold has 21 active confidentiality agreements with companies considering additional earn-in agreements that could lead to a joint venture and discovery.