Discovery of New High Grade Gold Zone in Cambodia

ASX Announcement 

Media Release 

Friday, 17 August 2012 

First pass shallow drilling has intersected high grade gold mineralisation at a target outside of the Okvau Gold Deposit. Drill results include 9m @ 6.60g/t gold from surface. 

This discovery hole is located >500 metres north of the Okvau Gold Deposit. A coherent geochemical soil anomaly extends over the entire area between this drill hole and the Okvau Gold Deposit. Local artisanal mining activity is present over the length of this area. Ongoing drilling targeting both extensions to the Okvau Gold Deposit and new discoveries with further results expected shortly.  

Renaissance Minerals Limited (ASX code: RNS) is pleased to announce further drill results from the ongoing diamond drilling program at and around the highly prospective Okvau Gold Deposit in Cambodia. An existing independent JORC- compliant indicated and inferred resource estimate has already been defined at the Okvau Gold Deposit of 12.6Mt @ 1.8g/t for 729,000 ounces (refer Table Two).

A small reconnaissance program of just five shallow (90m-115m) diamond drill holes was undertaken to test anomalous gold in soils that extends for over 500 metres to the immediate north of the Okvau resource (refer Figure One - Okvau Soil Geochemistry). Read the full article here.