Follow-up Program At Silicon And First Drill Program At Ecru

 

VANCOUVER, BC - Renaissance Gold Inc. reported on the progress and status of its Nevada projects and anticipated drilling plans for the remainder of 2018. Robert Felder, President and CEO said, "Our activity levels remain quite high and we're pleased to be drilling this many partner funded projects, keeping us on the path to our next discovery. We very much look forward to the follow-up program at Silicon and this first drill program at Ecru. We have also been quite busy with generative exploration and continue to identify high quality targets, which we look forward to placing in new deals with strong partners."

The Company had a productive season of generative exploration, bringing two new high-quality projects into the portfolio, including the Mars Project, and the recently acquired Ghost Ranch Project. Ghost Ranch, located in Elko County, Nevada was acquired through staking on open ground. The target is indicated through gravity data, enzyme leach soil geochemistry and a pH survey. The Mars project lies within the Coeur Exploration Alliance area for 2018, and the Ghost Ranch Project lies within the Kinross ROFR area.

In Lander County, Nevada, the Ecru Project is subject to an earn-in agreement with S2 Resources Ltd. S2 has completed additional gravity and audio magnetotellurics (AMT) surveys over the project and is planning to begin drilling in the coming weeks. The Ecru project is a Carlin-type target in the heart of the Cortez Trend, located to the north of Barrick's Pipeline Complex and Robertson property, which was recently acquired from Coral Gold. Barrick is currently conducting development work including pre-feasibility, metallurgy, engineering and drilling.

At the Silicon Project, located in Nye County Nevada is under option to AngloGold Ashanti NA. AngloGold Ashanti has reported plans to drill a 17,000 meter follow-up program beginning in Q4 2018.

The Jake Creek Project, located in Humboldt County, Nevada is subject to an earn-in agreement with Ginguro Gold Pty. Ltd. Ginguro is planning a 1000-sample soil geochemistry program, utilizing ALS Minerals' Ionic Leach™ method. The results of this survey will be integrated with geophysical and drill data to plan the next phase of drilling on the project in 2019.

Spruce East Project is subject to an earn-in agreement with Kinross Gold Inc. A Phase 2 follow-up drilling program was designed to offset mineralization in the Cicada target, as well as test additional targets throughout the project. The program consisted of 9 reverse circulation drill holes, totaling 2316 meters (7600 feet) and was completed in August. It is located in Elko County, Nevada. All samples at Spruce East were analyzed for gold at American Assay Laboratories in Reno Nevada, an ISO 17025 Accredited lab. Gold was analyzed for with 30 g fire assays on 5 foot (1.52 m) samples. Multielement geochemistry was analyzed for on 20 foot composited pulps using an Aqua Regia digestion and ICP-AES analyses. Blind standards, blanks, and duplicates were inserted into the sample chain to account for 6% of sample. Intercepts were calculated using a 0.15 g/t cutoff, allowing up to 5 feet (1.52 meters) of internal dilution. Drilling is insufficient to define a true thickness of mineralized intervals.

All samples at Jupiter were analyzed for gold at ALS Geochemistry in Reno Nevada, an ISO 17025 Accredited lab. Gold was analyzed by 30g fire assays on 5 foot (1.52 m) samples. Multi-element geochemistry was analyzed for on selected 5 foot (1.52m) intervals using a Four Acid digestion and ICP-AES/ICP-MS analyses. Blind standards, blanks, and duplicates were inserted into the sample chain to account for 6% of samples. Intercepts were calculated using a 0.15 g/t cutoff allowing up to 5 feet (1.52 meters) of internal dilution. Drilling is insufficient to define a true thickness of mineralized intervals. The technical data from the Jupiter Project in this press release has been verified by Robert Felder, M.Sc., RenGold's Qualified Person and Certified Professional Geologist as recognized by the American Institute of Professional Geologists (AIPG). The technical data from the Spruce East Project in this press release has been verified by Daniel Pace, M.Sc. RenGold's Qualified Person and Registered Member as defined by the Society of Mining, Metallurgy and Exploration.