2014-02-24 13:04:22 -
White Rock, British Columbia CANADA, February 24, 2014 /FSC/ - Renaissance Gold Inc. (REN - TSX), ("RenGold") is pleased to announce the purchase of the AngloGold Ashanti database now owned by Redstar Gold Corp. (TSX.V:RGC) ("Redstar") for $60,000 cash. The database includes extensive digital and analogue files. RenGold purchased a full copy of the digital data and physical access to the analogue files stored within 1 km of its Reno Exploration office.
The database is focused on the Great Basin (Nevada and Utah), but includes surrounding states as well. It includes a digital database of greater than 42,000 rock chips, soils, and stream sediment samples. These data will all be integrated with RenGold's existing database, which has been built consistently
from extensive reconnaissance exploration and numerous projects. In addition, there are geophysical surveys in the database including airborne hyperspectral surveys that can map mineral systems in detail.
There are also analogue files of individual projects that can be borrowed and copied. These files include 1300 files for Nevada, 250 files for Utah, 415 files for Idaho and 900 files for California.
Richard Bedell, President and CEO of RenGold, comments: "We have been building on our exploration database for ten years, including rock chip data, soils, property files and geophysics and combining RenGold's database with the original AngloGold database will give us a large database that rivals that of any junior exploration company in the Great Basin. RenGold is technically driven and has the expertise to merge datasets, level them and query them for exploration targets and vectoring. AngloGold was also very driven by hyperspectral remote sensing data and we have extensive capabilities in this regard. This will provide a strong and enduring asset to RenGold for decades to come."
About Renaissance Gold Inc.
Renaissance Gold Inc. is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada, and Utah. 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 email@example.com
or Eric Struhsacker, 775-337-1545 or firstname.lastname@example.org
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: REN) www.rengold.com
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