White Rock, British Columbia CANADA, February 27, 2012 /FSC/ - Renaissance Gold Inc. (REN - TSX), ("RenGold") is pleased to announce the rapid resumption of drilling, at its Wood Hills South gold exploration project, Elko County, Nevada, in response to significant results just released in NR12-4 on February 6th of this year. The drilling program operated by NuLegacy Gold Corp. (NUG:TSXV) is continuing the second half of a planned 20 hole drill program designed to broadly test a region greater than 35 sq. km in a shallow pediment area
The first 10 holes produced 8 holes with anomalous gold and trace elements. Importantly, hole WHS11-007 intersected an oxidized 10.7 meter (35 feet) interval from 83.8 to 94.5 meters down hole that averaged 0.40 g/t (0.013 opt) gold within an approximate 60 meter (197 feet) zone of anomalous Carlin-style pathfinder elements and gold. The intervening valley that exists now between this project and the evolving Pequop Gold District was largely created after the time of mineralization. This hole is very significant because when the valley is removed from the analysis it becomes adjacent to the evolving Pequop Gold District and the key magnetic features align as well as the geology.
A key feature of the Pequop District at the Long Canyon deposit is the mineralization located between broken blocks of dolomite. Within these broken areas, along with the gold, are many intrusive dikes. These holes at Wood Hills South were targeted to test breaks interpreted from induced polarization data and coincident soil anomalies. The fact that WHS11-07 also intersected altered and mineralized intrusive is important. The chemistry found is "Carlin-like" and a possible extension of the Pequop Gold District.
The remaining drill program will test similar anomalies. In addition, continued work in March will include microgravity and infill soil sampling to follow up on hole WHS11-007.
Richard Bedell President and CEO for RenGold comments, "We are very happy to see that our partners at NuLegacy, managed by Dr. Roger Steininger, understand the importance of these first results and are continuing the program so soon."
About 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
For further information, contact:
Richard L. Bedell, 775-337-1545 or rbedell@rengold.com
Eric Struhsacker, 775-337-1545 or estruhsacker@rengold.com
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.
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Source: Renaissance Gold Inc. (TSX-V: REN.TO - News) http://www.rengold.com
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