Renaissance Minerals hits near surface, high grade gold at Okvau in Cambodia

Monday, February 10, 2014 by Proactive Investors

Renaissance Minerals has hit near surface, high grade gold at Okvau, Cambodia.

Renaissance Minerals (ASX: RNS) should trade higher after revealing impressive follow-up drilling results from its Okvau gold project in Cambodia.

Notable results included 6 metres at 9.49 grams per tonne gold from 9 metres, and 8 metres at 5.95 grams per tonne gold from 61 metres.

These results highlight the potential to continue to grow the 1.2 million ounce Okvau deposit, and importantly, this growth potential comes from near surface mineralisation amenable to low cost open pit mining.

Recent intersections at Okvau, reported in April last year, included 9 metres at 9.3 grams per tonne gold from 37 metres, and 8 metres at 7.3 grams per tonne gold from 6 metres.

This latest round of drilling was designed to test the continuity of these previous intersections along strike and down dip.

The untested Area 1 Prospect will be the next focus for drilling, around 3 kilometres north of the Okvau deposit, and analogous in terms of geological setting and soil geochemistry. 

Trenching and an infill soil sampling program has recently been completed over Area 1 to improve understanding of the geological controls of mineralisation. 

Results from this trenching, ongoing results from current drilling, and further details of the proposed program at Area 1 will be provided as soon as possible. 

The company is also conducting a stream survey over both the Okvau and O’Chhung exploration licenses to extend and infill existing geochemical coverage and define new target areas.

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