Company Announcement: Renaissance erals Announces 1.2 Million ounce Gold Resource at 2.4G/T Gold for Okvau Deposit
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Renaissance Minerals Limited announces a significant milestone with a new independent JORC compliant gold Indicated and Inferred resource estimate for its flagship 100% owned Okvau gold deposit in Cambodia, of 15.6Mt at 2.4g/t gold for 1.2 million ounces. The resource estimate comprises 15.2Mt at 2.3g/t gold for 1.11 million ounces of gold classified into the Indicated resource category plus 0.5Mt at 5.9g/t gold for 0.1 million ounces of gold classified into the Inferred resource category. Managing Director, Justin Tremain, commented: “This is a significant achievement for the Company. Renaissance acquired the Project less than 12 months ago and its initial drilling program completed in 2012 has already resulted in a major resource increase of 65% and a 33% improved gold grade to 2.4g/t.
“The Project is proving to be a very attractive high grade project with significant scale. The Okvau deposit covers only a small part of the Project area and demonstrates the prospectivity of this unexplored region of Cambodia. "Results achieved to date vindicate our belief that the eastern region of Cambodia will evolve into a major new gold province in an emerging country with a stable democratic Government.” The resource estimate includes the drilling completed by the Company on the Okvau gold deposit during 2012, which was a combination of infill and extensional drilling. This drilling provided better delineation of high grade gold zones.
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