Renaissance Gold′s Trinity Silver Update
Renaissance Gold Inc. (TSX:REN) ('RenGold?) is pleased to
announce the closing of the acquisition of claims at the Trinity Silver
Project from Primus Resources, L.C. and a second property owner
(collectively, 'Primus?). The claims comprise the 'Hi Ho Silver
Property? and cover approximately 100 acres located adjacent to
Rengold′s Trinity Silver property in Pershing County, Nevada. The Hi Ho
Silver Property was the only acreage not controlled by RenGold or its
joint venture partner, Liberty Silver (TSX:LSL) on the Trinity Silver
land package. Liberty Silver has completed the purchase of the Hi Ho
claims in the name of RenGold. Liberty must spend all monies through
bankable feasibility to vest 70% in the Trinity Silver property
including the Hi Ho claims.
The current resource at the Trinity Silver project reported on February
28, 2011:
The classified oxide mineral resource estimate is quoted at a cutoff
grade of 0.65 oz/ton silver and consists of;
an inferred resource of 2,605,000 ounces silver at an average grade
of 1.37 oz/ton (1,901,000 tons).
The classified sulfide mineral resource estimate is quoted at a cutoff
grade of 1.30 oz/ton silver consists of;
an inferred resource of 9,036,000 ounces silver at an average grade
of 1.69 oz/ton (5,336,000 tons).
Richard Bedell, President & CEO, comments: 'The addition of the Hi Ho
properties by our joint venture partner completes the Trinity Silver
land package and restores significant historical drill- documented
silver mineralization to the project. The current resource of course
excludes the mineralization on the Hi Ho property. The current resource
estimate was prepared by Mine Development Associates of Reno, Nevada and
has inferred status in-part because of its reliance on a historic
database of approximately 200 drill-holes, most of which were drilled
prior to or during the profitable open-pit mining at Trinity Silver by
US Borax and Santa Fe during the late 1980s. The supporting database,
which includes detailed metallurgical studies, has subsequently been
augmented by 10 core and 15 RC holes drilled by AuEx Ventures, Inc. in
2006 and 2007 respectively, and an additional 18 RC holes drilled by
Liberty Silver in 2012 (see RenGold press release dated July 11th,
2012). A new NI 43-101-compliant resource is being prepared by SRK
Associates and will incorporate the drill-documented mineralization on
the Hi Ho property. In summary, based off well defined historic data
covering the HiHo claims, and new drill holes, we expect a considerable
addition to the new resource model.?
Qualified Person
All technical data disclosed in this press release, including sampling,
analytical and test data, have been reviewed by the Company′s qualified
person Mr. Eric M. Struhsacker, M.Sc., and Certified Professional
Geologist as recognized by the American Institute of Professional
Geologists.
Renaissance Gold Inc.
Renaissance Gold Inc. is a gold/silver exploration company that has a
large portfolio of exploration projects in Nevada, Utah, Argentina and
Spain. Many of the projects are in exploration earn-in agreements with
industry partners who provide exploration funding. RenGold applies the
extensive exploration experience and high-end technical skills of its
founders and team members to search for and acquire new precious metal
exploration projects that are then offered for joint venture.
Renaissance Gold Inc.
By: Richard L. Bedell, President and CEO
This news release contains certain statements that may be deemed
'forward-looking? statements. Forward looking statements are statements
that are not historical facts and are generally, but not always,
identified by the words 'expects?, 'plans?, 'anticipates?, 'believes?,
'intends?, 'estimates?, 'projects?, 'potential? and similar expressions,
or that events or conditions 'will?, 'would?, 'may?, 'could? or 'should?
occur.Although Renaissance Gold Inc. believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward looking
statements. Forward looking statements are based on the beliefs,
estimates and opinions of Renaissance Gold Inc′s management on the date
the statements are made. Except as required by law, Renaissance Gold
Inc. undertakes no obligation to update these forward-looking statements
in the event that management′s beliefs, estimates or opinions, or other
factors, should change.
Renaissance Gold Inc.
Richard L. Bedell, 775-337-1545
rbedell@rengold.com
or
Eric
Struhsacker, 775-337-1545
estruhsacker@rengold.com
