Renaissance Minerals Limited (ASX: RNS) – $0.045
17 May 2016
Renaissance Minerals Limited (ASX: RNS) has commenced exploration drilling at the Okvau Gold Project located within the eastern plains of Cambodia (Figure 1).
Figure 1. Location of the Okvau Gold Project
The company has satisfied all conditions of the Joint Venture Agreement with Emerald Resources NL over the Okvau Gold Project.
A significant exploration program is underway and is focused on defining previously identified target areas. These targets offer scope for growth to the current estimated resource of 1.13Moz. Geochemical and geophysical work within close proximity to the Okvau Deposit is also being conducted. This program is being funded by Emerald Resources.
Diamond drilling of approximately 600 metres will be conducted for metallurgical testwork to further refine the previous proposed processing path of the current Definitive Feasibility Study. An additional reverse circulation drill rig will be mobilized within 2 to 4 weeks to complete approximately 7,000 metres of resource infill drilling.
For further information, visit www.renaissanceminerals.com.au
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