2012-09-26 00:56:42 -
White Rock, British Columbia CANADA, September 25, 2012 /FSC/ - Renaissance Gold Inc. ("RenGold")(REN - TSX),reports that Concordia Resource Corp. ("Concordia") has terminated its agreement with RenGold to earn an interest in RenGold's Baza project in Spain. Concordia is focusing its efforts on its projects in West Africa and Argentina. Concordia spent over $2 million, most of which went into drilling, regional surveys and land acquisition. RenGold now has comprehensive mapping, helicopter based magnetic, radiometric and EM data, as well as additional rock chip sampling and stream sediment sampling.
Richard Bedell President & CEO comments: "The Baza project is a rare opportunity because we recognized the potential and were able to systematically explore an entire district of copper gold mineralization
without any competition. RenGold will seek a partner to continue to explore this area of considerable mineralization."
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,
rbedell@rengold.com, or
Eric Struhsacker, 775-337-1545,
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: REN)
www.rengold.com
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