Renaissance Minerals re-commences drilling at Okvau

THE DRILL SERGEANT: Renaissance Minerals (ASX: RNS) has recommenced drilling at the company’s Okvau gold project in Cambodia after sitting out the annual wet season.

Renaissance said the drilling will be targeting extensions outside of the current Indicated and Inferred resource estimate of 1.2 million ounces it has already defined at the Okvau gold deposit.

Its main focus for the current program will be shallow strike extensions to the north-east of approx. 100 metres vertical depth, which will be tested where previous reverse circulation (RC) drilling intersected mineralisation including:

8 metres at 7.3 grams per tonne gold from 6 metres;

2m at 5.8g/t gold from 42m;

9m at 9.3g/t gold from 37m; and

10m at 2.5g/t gold from 29m.

“Approximately 1,500 metres of RC and diamond drilling has been planned for this north eastern area initially,” Renaissance Minerals said in its ASX announcement.

“Following this drilling the rig will be remobilized to the Area 1 prospect, situated approximately three kilometres to the north of the Okvau gold deposit.”

 

Area 1 location map. Source: Company announcement

 

Renaissance indicated the program will also include the drilling of other regional prospects, including Rhyolite Ridge and the broader Area 6 prospect.

It is anticipated this will be scheduled to follow Area 1 drilling.

The company said it would be drilling program would be carried out in a methodical manner, suited to the current market conditions.

As such it will re-prioritise drill targets following results from the Okvau and Area 1 drilling.

Email: admin@renaissanceminerals.com.au

Website: www.renaissanceminerals.com.au