RENAISSANCE Minerals has received positive results from ongoing exploration at the Okvau Gold Project. Results continue to demonstrate the presence of extensive amounts of gold mineralization within the Okvau and O’Chhung licence areas.
The company has been undertaking a large geochemical soil sampling program or more than 10,000 samples within the Okvau and adjoining O’Chhung exploration licences. The program is targeting areas of anomalous gold as defined by earlier ultra-fine BLEG stream sampling.
In the last six months sampling has been completed at Area 6 in the west of the Okvau licence area and the O’Svay prospect in the northern part of the O’Chhung licence. The program, being a combination of extension sampling and infill sampling, has identified and refined multiple target areas that require follow-up testing.
Sampling and trenching have defined Zeus Prospect in Area 6 as another drill ready target. The prospect is characterized by high grade trench results associated northeast trending and southeast dipping quartz veins with sulphides within +50ppb gold in soils anomalies on the margin of the underlying intrusive at Area 6.
Trenching results include 19 metres @ 4.1 grams/tonne gold, 12 metres @ 5.0, 10 metres @ 2.7, 5 metres @ 7.5, 6 metres @ 5.0 and 2 metres @ 7.8.
The Rhyolite Ridge gold-in-soils anomaly trending over 1500 metres, also in Area 6, is coincident with bismuth, arsenic and tellurium metal assemblages, consistent with typical intrusive related gold deposits around the world. Artisanal pit mapping and airborne magnetics suggests northwest-striking, southwest-dipping faults are key controls on the location of gold mineralization in the area.
Drilling at the Rhyolite Ridge and Zeus prospects is planned for April 2015.
Infill soil sampling has been undertaken at O’Svay prospect and has defined a +20ppb gold-in-soils anomaly of 1000 metres x 500 metres trending in a northeast direction with internal high-grade soils (+50ppb) trending in a northeast and northwest orientation. The anomaly is overlaying a diorite intrusive defined by outcrop mapping and airborne magnetics.
Trenching over the high-grade zones of the gold in soils anomalies was planned for March to define drill targets.
Renaissance’s managing director Justin Tremain said: “The results continue to demonstrate the presence of extensive amounts of gold mineralization within the Okvau and O’Chhung licence areas. All target areas are located within close proximity to the Okvau deposit and any new gold discovery will have a material positive impact on the potential development economics of Okvau.”