ALL NEWS RELEASES

  • NGEx Resources and Filo Mining Announce TSX Venture Exchange Approval and Listing of Filo Mining Common Shares

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - NGEx Resources Inc. (TSX:NGQ)(OMX:NGQ) ("NGEx") and Filo Mining Corp. (TSX VENTURE:FIL) ("Filo Mining") are pleased to announce that Filo Mining has received confirmation from the TSX Venture Exchange (the "TSXV") that the conditions for listing have been satisfied and the TSXV has issued its Final Exchange Bulletin on August 25, 2016 confirming the approval of the listing of the common Read More

  • Osisko Mining Makes Equity Investment Into Kilo Goldmines

    TORONTO, ONTARIO--(Marketwired - Aug. 26, 2016) - Osisko Mining Inc. (TSX:OSK) ("Osisko") announced today that it has filed an early warning report in respect of its holdings in Kilo Goldmines Ltd. ("Kilo"). Osisko subscribed by way of a non-brokered private placement offering (the "Private Placement") for 5,000,000 equity units ("Units") of Kilo. Under the Private Placement, the Units were offered and sold at a price of $0.10 per Read More

  • Northern Shield Resources Mobilizes Crew To Huckleberry Ni-Cu-PGE Project To Drill EM Anomalies

    OTTAWA, Aug. 26, 2016 /CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSX-V: NRN] is pleased to announce that a drill crew has been mobilized to the Huckleberry Ni-Cu-PGE project in northern Quebec. The drilling program is being executed under the terms of the Option Agreement with South32 announced on June 7th, 2016. Four to five drill-holes totaling 2000 metres are planned for the Read More

  • Lithium Americas Provides an Update on the Cauchari-Olaroz Lithium Project in Argentina

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - Lithium Americas Corp. (the "Company" or "LAC") (TSX:LAC)(OTCQX:LACDF) is pleased to provide an update on the Cauchari-Olaroz Lithium Project ("Cauchari") joint venture with Sociedad Química y Minera de Chile S.A. ("SQM") in Jujuy province, Argentina. The Board of the joint venture company, Minera Exar S.A. ("Minera Exar"), has recently been authorized to proceed with development planning for 50,000 tonnes per Read More

  • Scorpio Gold Reports Financial Results for Second Quarter of 2016

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) is pleased to announce its financial results for the second quarter ended June 30, 2016 ("Q2"). This press release should be read in conjunction with the Company's condensed interim consolidated financial statements for Q2 and Management Discussion & Analysis for the same period, available on the Company's website at www.scorpiogold.com Read More

  • Anaconda Mining sells 16,023 ounces and generates $7.0M of EBITDA at the Point Rousse Project in fiscal 2016

    TORONTO, Aug. 26, 2016 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) is pleased to report its financial and operating results for the fiscal year ended May 31, 2016. The Company sold 16,023 ounces of gold in fiscal 2016 resulting in $24,361,471 in revenue at an average sales price of $1,520 (USD$1,151) per ounce. Cash cost per ounce sold at the Point Rousse Project for Read More

  • Majestic Gold Reports Third Quarter 2016 Results

    Vancouver, British Columbia (FSCwire) - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) reports its financial and operational results for the third quarter ended June 30, 2016.  This release should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements and associated management discussion and analysis for the same period that are available on SEDAR (www.sedar.com) and www.majesticgold.com.  The following financial Read More

  • Ely Gold Increases Size of Previously Announced Private Placement to $1,400,000

    VANCOUVER, Aug. 26, 2016 /CNW/ - Ely Gold & Minerals Inc. ("Ely Gold" or the "Company") (TSX-V: ELY, OTC: ELYGF) is pleased to announce that further to the Company's news release dated August 19, 2016, the Company has increased the size of the non-brokered private placement of units (the "Units") from 8,000,000 Units to 10,000,000 Units at a price of $0.14 per Unit, for gross proceeds of Read More

  • Colt Resources Closes $1.428 Million Private Placement

    Montreal, Quebec / TheNewswire / Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) has completed an initial private placement of 20,400,000 Units for gross proceeds of $1,428,000 to the Company. Each Unit is comprised of one common share at $0.07 and one share purchase warrant. Each warrant will be exercisable at a price of $0.10 during a period of 24 months from the Read More

  • Silvercorp announces Ontario Court of Appeal upholds ruling dismissing proposed securities class action lawsuit

    VANCOUVER, Aug. 26, 2016 /CNW/ - Silvercorp Metals Inc. (TSX: SVM) ("Silvercorp" or the "Company") announces that the Ontario Court of Appeal has dismissed the plaintiff's appeal brought on behalf of shareholders seeking to certify a securities class action originally filed in May 2013 against the Company, its Chairman and Chief Financial Officer at the time. In October 2015, the Ontario Superior Court of Justice dismissed the Read More

  • Homestake Shareholders Approve Acquisition by Auryn Resources

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - Auryn Resources Inc. (TSX VENTURE:AUG) (OTCQX:GGTCF) ("Auryn") is pleased to announce that the plan of arrangement (the "Arrangement"), pursuant to which Auryn will acquire all of the issued and outstanding common shares of Homestake Resource Corporation ("Homestake") was approved by Homestake shareholders at the special meeting of Homestake shareholders held on August 25, 2016. At the meeting, approximately 98.2% of Read More

  • Tango Closes Additional Interest in Kwena Group and Conversion of Secured Loan Notes

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to announce that further to its news release dated 18 August 2016, it has closed the acquisition of an additional 23% interest in the issued and outstanding shares of the Kwena Group, increasing Tango's total interest to 74%. The Kwena Group have four thermal coal, metallurgical and processing plant Read More

  • West African Resources Repays US$5 Million Loan Facility

    Scarborough , Australia (FSCwire) - West African Resources (ASX, TSXV: WAF) is pleased to announce it has repaid the US$5m loan facility to the Metals & Energy Capital Division of Macquarie Bank Limited (Macquarie) ahead of its maturity date on 30 September 2016. The repayment was made following the completion of the A$21 million capital raising announced on 10 August 2016. The company’s cash balance is currently A$23 Read More

  • NV Gold Increases Private Placement to CDN$550,000

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. NV Gold Corporation (TSX VENTURE:NVX) (the "Company") announced today that it is increasing its non-brokered private placement of units of the Company originally announced on August 11, 2016 due to over-subscriptions. The Company now proposes to raise gross proceeds of a maximum of CDN$550,000 and a Read More

  • Augyva Mining Resources Announces Results of Shareholders' Meeting

    TORONTO, ONTARIO--(Marketwired - Aug. 25, 2016) - Augyva Mining Resources Inc. (TSX VENTURE:AUV) ("Augyva" or the "Company") is pleased to announce the results from its annual general and special meeting of shareholders held August 25, 2016 (the "Meeting"). At the Meeting, shareholders overwhelmingly elected the following nominees to serve as directors of the Company for the ensuing year: Farhad Abasov, Kuldeep Billan, Curtis Johansson and Kail Ross. Mr. Read More

  • Centenera Mining Closes $387,000 Private Placement

    Vancouver, British Columbia / TheNewswire / August 26 2016 - Centenera Mining Corporation. (the "Company" or "Centenera") - (TSXV: CT, OTC: ATHCF), announces that it has closed the private placement previously announced on August 12, 2016. The Company has issued 1,548,000 shares at a price of $0.25 per common share for gross proceeds of $387,000. The Company paid cash finder's fees of $5,250. All securities issued pursuant to the private Read More

  • Odin Mining and Exploration Announces Results of AGM

    VANCOUVER, BC--(Marketwired - August 25, 2016) - Odin Mining and Exploration Ltd. ("Odin") (TSX VENTURE: ODN) announces the results of its annual general and special meeting of shareholders held on August 25, 2016 in Vancouver. At the meeting, shareholders voted in favour of electing each of Marshall Koval, Lyle Braaten, Donald Shumka, Michael Steinmann and Stephen W.C. Stow as directors of Odin to hold office for the ensuing Read More

  • Group Ten Metals Retains Bellefleur as Interim CFO

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - Group Ten Metals Inc. (TSX VENTURE:PGE)(FRANKFURT:5D31) (the "Company" or "Group Ten") announces that Jody Bellefleur has rescinded her resignation as announced August 12, 2016 in order to assist the Company as interim CFO. About Group Ten Metals Inc. Group Ten Metals Inc. is a mineral exploration company focused on exploration for deposits of gold, platinum group metals (PGM), nickel, and Read More

  • KWG Resources Releases All-Weather Road Study

    TORONTO, ONTARIO--(Marketwired - Aug. 26, 2016) - KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) ("KWG") has posted on its website an all-weather road study that was previously prepared for it by Green Forest Management Inc. The report estimated that an all-weather gravel road starting in the west at the Northern Ontario Resource Trail Road northeast of Pickle Lake, projecting eastward to the Ring of Fire area over a distance of approximately Read More

  • Anfield Gold Appoints Andrew Storrie as President and Chief Operating Officer

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - Anfield Gold Corp. ("Anfield") (TSX VENTURE:ANF) announces that Andrew Storrie has been appointed President, Chief Operating Officer of Anfield and General Manager of Chapleau Exploração Mineral LTDA. He will report to Marshall Koval, Anfield's Chief Executive Officer and be responsible for management of ongoing operations at Anfield's Coringa Gold Project in Para State, Brazil. Mr. Storrie has 25 years of Read More

  • Sphinx Resources Provides Corporate Update

    MONTREAL, QUEBEC--(Marketwired - Aug. 26, 2016) - Sphinx Resources Ltd. ("Sphinx" or the "Corporation") (TSX VENTURE:SFX) announces that the Annual General and Special Meeting will now be held on October 6 in Montreal. The record date is July 29, 2016. Stock option plan Sphinx announces that it has amended its stock option plan (the "Stock Option Plan"). The amendment increases the maximum number of shares issuable upon exercise Read More

  • IDM Mining Retains O&M Partners, LLC and Investor Relations Consultant

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - IDM Mining Ltd. (TSX VENTURE:IDM) is pleased to announce that it has engaged O&M Partners, LLC ("O&M") to assist in targeting non-deal institutional and independent money managers throughout the United States including financial centres often overlooked. In addition, the Company is pleased to announce that it has retained the part-time investor relations consulting services of Nigel "Alex" Horsley. The marketing Read More

  • Falcon Closes $533,000 First Tranche of Private Placement

    Vancouver, British Columbia--(Newsfile Corp. - August 26, 2016) - FALCON GOLD CORP. (TSXV: FG), ("Falcon" or the "Company") is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement and issued 9,697,273 Units priced at $0.055 for total gross proceeds of $533,350. Each Unit consists of one common share and one 2 year common share purchase warrant. Each warrant will be Read More

  • Corazon Gold Arranges Non-Brokered Private Placement of Up to $1,000,000

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - Corazon Gold Corp. (TSX VENTURE:CGW) ("Corazon" or the "Company") is pleased to announce that it has arranged a non-brokered, non flow-through private placement (the "Financing") of up to 5,000,000 units (each, a "Unit") at a price of $0.20, for total proceeds of $1,000,000. Each Unit will consist of one common share (each, a "Share") and one-half of one warrant (each, Read More

  • InZinc Mining Announces Approval of Warrant Extension

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - InZinc Mining Ltd. (TSX VENTURE:IZN) ("InZinc" or the "Company") announces that on August 25, 2016 it received approval from the TSX Venture Exchange to extend the exercise period of an aggregate of 4,513,700 outstanding common share purchase warrants that were issued in two separate non-brokered private placements in 2014. The exercise period of 1,666,700 outstanding share purchase warrants, which were Read More

  • Dolly Varden Silver Appoints New Director

    Vancouver, British Columbia (FSCwire) - Dolly Varden Silver Corporation (TSX.V: DV | U.S.: DOLLF) (“Dolly Varden”) reports the appointment of Darren Devine to the board of directors.  Mr. Devine is a principal of CDM Capital Partners that provides corporate finance advisory services to private and public companies. In this role, Mr. Devine acts as founder, board member and management advisor with respect to public and private financings, corporate Read More

  • Iberian Minerals Reports on Details of the Annual and Special Meeting

    EDMONTON, ALBERTA--(Marketwired - Aug. 26, 2016) - Iberian Minerals Ltd. (the "Company" or "Iberian") (TSX VENTURE:IML)(OTCQB:SLDRF) announced that it held its Annual and Special Meeting on August 25, 2016. All of the resolutions proposed to the shareholders detailed in the Notice of Annual General Meeting of Iberian Minerals Ltd. dated July 29, 2016 were duly passed. Resolutions which were passed included: The following six (6) incumbent directors were Read More

  • Wildcat Exploration Ltd. Announces Upgrade to OTCQB(tm) Venture Marketplace

    August 26, 2016 / TheNewswre / Vancouver, British Columbia: Wildcat Exploration Ltd, ("the Company or Wildcat"), (TSX-V: WEL; OTCQB: WCTXF) is pleased to announce it has been approved to upgrade its common stock from the Pink(R) Open Market to the OTCQB(R) Venture Market under the trading symbol "WCTXF", effective today, August 26, 2016. CEO Harry Barr commented, "Upgrading to the OTCQB represents our continued commitment to our shareholders, Read More

  • Heatherdale Issues Shares to Sino Canada Natural Resources Fund I

    VANCOUVER, Aug. 26, 2016 /CNW/ - Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV: HTR) announces that it has issued shares as part of the payment obligations of a convertible debenture with Sino Canada Natural Resources Fund I.  A total of 302,639 shares have been issued in payment of interest payments for the period May 1, 2016 to July 31, 2016 as per the amended agreement, announced Read More

  • Canadian International Minerals Clarifies Technical Disclosure and Retracts Mineral Resource Estimate for Leduc Project

    August 26, 2016 / TheNewswire / Vancouver British Columbia. - Canadian International Minerals Inc. (the "Company") (TSX.V:CIN) announces that as a result of a review by the British Columbia Securities Commission ("BCSC"), the Company is issuing this news release to clarify the Company's previous disclosures regarding the Leduc project. The Company is expanding on its news release of July 27, 2016 which announced that its report entitled "Technical report, Read More

  • Platinex Completes Private Placement

    TORONTO, ONTARIO--(Marketwired - Aug. 26, 2016) - Platinex Inc. (TSX VENTURE:PTX) (the "Company") has completed the second and final closing of its previously announced non-brokered private placement (the "Private Placement"), issuing an additional 4,720,000 units ("Units") on August 25, 2016 for aggregate gross proceeds of $118,000. 8,000,000 Units were issued on June 28, 2016 for aggregate gross proceeds of $200,000 (the "Initial Closing"), resulting in a total of Read More

  • Kinross Gold Announces Operational Updates at Bald Mountain, Tasiast and Maricunga

    TORONTO, ON--(Marketwired - August 25, 2016) - Kinross Gold (TSX: K) (NYSE: KGC) announced today operational updates at its Bald Mountain mine in Nevada, Tasiast mine in Mauritania and Maricunga mine in Chile. Bald Mountain At Bald Mountain, the Company has received a record of decision from the U.S. Bureau of Land Management to allow for increased exploration activities and the mine's potential expansion. The decision allows the Read More

  • Osisko Mining Discovers Significant New Mineralization at Windfall- Drills 11.8 g/t Au Over 6.7 Metres

    MONTREAL, QUEBEC--(Marketwired - Aug. 25, 2016) - Osisko Mining Inc. (TSX:OSK) ("Osisko" or the "Corporation") is pleased to announce new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in the Urban Township, Québec. The current 100,000 metre drill program combines definition drilling above the Red Dog intrusion ('Red Dog'), expansion drilling above and below Red Dog and exploration drilling on the Read More

  • Ivanhoe Mines Announces Drilling Results From Kakula Discovery- Drills 8.75 Metres of 9.84% Copper and 18.78 Metres of 5.32% Copper

    KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO--(Marketwired - Aug. 25, 2016) - Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN), and Lars-Eric Johansson, Chief Executive Officer, today announced assay results from another twelve holes of the ongoing 2016 drilling campaign at the Kakula Discovery on the company's Tier One Kamoa Copper Project, near the mining centre of Kolwezi in the Democratic Republic of Congo (DRC). The Kamoa Project is a Read More

  • Marathon Gold Reports High Metallurgical Recoveries of up to 98.1% for the Marathon Deposit

    TORONTO, ON--(Marketwired - August 25, 2016) - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) today announced very positive results from its 2016 metallurgical test program, which yielded high gold recoveries from the Marathon Deposit, Valentine Gold Camp using a combination of conventional gold preconcentration and leaching technologies. The costs of this program are being underwritten in part by the Research and Development Corporation of Newfoundland and Read More

  • Copper Fox Announces Corporate Update of Shaft Creek and Van Dyke Projects

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 25, 2016) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) is pleased to provide its shareholders with an update of corporate activities. Elmer B. Stewart, President and CEO of Copper Fox, stated, "In 2016 Copper Fox has exposure to approximately $2.2 million in expenditures on the Schaft Creek and Eaglehead projects located in British Columbia. Work on the Read More

  • Iconic Minerals Intercepts High Conductivity Zone at Bonnie Claire Lithium Property, Nevada

    Vancouver, British Columbia--(Newsfile Corp. - August 25, 2016) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce that it has penetrated a higher conductivity zone believed to be the brine horizon in phase 1 drilling at the Company's Bonnie Claire Lithium Project in Nevada, U.S.A.  Drill hole BC 1601 has been completed to a depth of 1560 feet Read More

  • Canarc Options FG Gold Property in Central BC from Eureka Resources

    Vancouver, British Columbia (FSCwire) - Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) (the “Company”) announces the signing of an agreement with Eureka Resources Inc. (TSX-V: EUK) (“Eureka”) which grants Canarc an exclusive option (the “Option”) to acquire up to a 75% interest in the FG Gold Property (the “Property”) located approximately 100 kilometres east of Williams Lake in central British Columbia. The Agreement The Option Read More

  • Serengeti Announces Completion of Drilling Program at Kwanika and Initiation of Resource Update

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 25, 2016) - Serengeti Resources Inc. (TSX VENTURE:SIR) reports that the summer drilling program at its Kwanika copper-gold resource-stage project located in Quesnel Trough of British Columbia, has recently been completed. In addition, an independent resource estimate update study is underway which will focus on the higher grade copper-gold domain of the Central Zone on the property. This program is being fully funded Read More

  • Noram Ventures Completes Selection of Lithium Targets on its South Block Claims in Nevada’s Clayton Valley

    Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) ("Noram" or the "Company") is pleased to announce it has selected 55 initial core drilling targets on its South Block lithium claims in Nevada’s Clayton Valley (see Figure 1). The exploration and core drilling plan has been submitted to the U.S. Department of the Interior Bureau of Land Management, Nevada State Office Division of Minerals Read More

  • Alix Resources Acquires Cross Lake Lithium Property, Manitoba

    Vancouver, British Columbia--(Newsfile Corp. - August 25, 2016) - ALIX RESOURCES CORP. (TSXV: AIX) (FSE: 37N) ("Alix" or the "Company") is pleased to announce the acquisition of a 100% interest in the Cross Lake Lithium property ("Cross Lake Property") located about 528 km north of Winnipeg, Manitoba. The Cross Lake Property comprises one Mineral Exploration Licence (MEL 1050A) encompassing 5,040 hectares and is located about 4 km southwest Read More

  • Contango ORE Announces Earnings and Updated Operations For the Year Ended June 30, 2016

    HOUSTON--(BUSINESS WIRE)--Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO) announced today that it filed its Form 10-K for the year ended June 30, 2016 with the Securities and Exchange Commission. The Company reported a net loss of $1.2 million or $0.31 per basic and diluted share for the year ended June 30, 2016 compared to a loss of $3.6 million or $0.94 per basic and diluted share Read More

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White Rock, British Columbia (FSCwire) - Renaissance Gold Inc. (TSX: REN) (“RenGold” or the “Company”) reports financial results for the three months ended September 30, 2015.  Details of the Company’s financial results are described in the unaudited condensed consolidated interim financial statements (the “Financial Report”) and corresponding management discussion and analysis for the same period.  These and further details on each of RenGold’s projects and activities can be found on the Company’s website at www.rengold.com and on the Company’s profile on www.sedar.com.  All amounts presented are in Canadian dollars unless otherwise stated.

On November 6, 2015, the Company announced it had received final approval to list its common shares on the TSX Venture Exchange (the “TSX-V”).   RenGold’s common shares will continue to trade under the symbol “REN” and will be listed and posted for trading at the opening of the TSX-V on Monday, November 23, 2015.  The Company’s common shares will be delisted from the Toronto Stock Exchange at end of trading on Friday, November 20, 2015.  The Board of Directors of the Company feel that as the majority of the Company’s peers trade on the TSX-V it is a better fit for the Company at this stage of its development.

Selected financial data

The following selected financial data is derived from the Financial Report as prepared in accordance with International Financial Reporting Standards.

The consolidated net loss for the three months ended September 30, 2015 was $331,845 (2014 - $550,184).

Cash at September 30, 2015, was $1,557,036.  This amount includes $194,833 of cash advances received from funding partners which is disclosed as amounts due to funding partners. 

Total assets at September 30, 2015 are $2,136,788 of which $1,795,310 are current assets and $341,478 are exploration and evaluation assets, equipment, investment in private corporation and reclamation bonds.

Operations

RenGold is an exploration stage business engaged in the acquisition and exploration of mineral properties located in Nevada and Utah.  RenGold’s business model is to identify and secure mineral resource properties for which it seeks suitable joint venture partners. Once partners are found, an exploration and option to earn-in agreement is entered into on the property enabling the earn-in partner to obtain an interest by conducting and funding exploration on that property.

The level of the Company’s exploration expenditures is largely determined by the strength of the resource capital and commodity markets and its ability to obtain funding partners and investor support for its projects.  The Company anticipates there will be less capital available for exploration joint ventures in the immediate future. RenGold is therefore concentrating activities in Nevada and Utah to upgrade current projects and identify targets with significant growth potential.

Exploration and evaluation expenditures on RenGold projects for the three months ended September 30, 2015, totaled $785,148 (2014 - $624,754).   Of this amount partners funded $582,532 (2014 - $402,091) and RenGold funded the balance of $202,616 (2014 - $222,663).  In addition to the exploration and evaluation expenditures recorded in RenGold’s accounts, funding partners also conducted additional exploration programs directly on RenGold’s projects as required under the particular exploration earn-in agreements.

Overall Performance

The highlights of activity by RenGold and its funding partners on its exploration properties during the three months ended September 30, 2015 and to the date of this press release follow in alphabetical order.

Nevada properties being prepared for joint venture

Buffalo Canyon: RenGold is advancing permitting for the Everson Deposit on the Buffalo Canyon project in northern Nye County. New drilling at the Everson Deposit will test for extensions to gold mineralization intersected in 25 of 40 historical reverse circulation drill holes. The gold intersections lie within a 400 x 600 m area that is part of a pyrrhotitic halo 1.5 by 1.0 km in size that appears to be related to a complex of reduced intrusions. Most of this prospective halo remains untested. This mineralized area is expected to grow substantially by drilling parts of the halo containing robust surface rock chips and soil anomalies. The drill plan will include holes that will drill below previous holes that reached total depth in mineralization and attempt to test the carapace (margins) of an inferred source intrusion. The maximum depth of drilling to-date is only 525 feet. RenGold is in discussions with a financial group that would supply initial drilling funds for equity in the project.

Fireball Ridge: Detailed structural analysis at the Fireball Ridge property located in NW Churchill County, Nevada has resulted in an important new exploration model. The East Graben target is recognized as being controlled by a cymoid loop (as is the case at the Fire Creek and Midas gold deposits), but previous drilling did not penetrate this zone. Significant drill results in the past (up to half ounce Au) can be greatly enhanced by a drill program utilizing this new model.

Gilbert South: RenGold’s new Gilbert South property contains a large gold-bearing epithermal system located in the Monte Cristo Range west of Tonopah in Esmeralda County, Nevada. The property is located directly south of the Gilbert Property being explored by Hecla Mining and west of the Eastside Project drilled in 2015 by Columbus Gold. Shallow drilling in one area was done in the 1980's by Atlas Gold as they attempted to define a shallow open pit target. Historic data and preliminary field work has located many large multi-veined zones with historic multi-gram gold that have not been sufficiently tested.

Maggie Creek: The Maggie Creek property, acquired in August 2015, is located east of Gold Quarry on the Carlin Trend in Eureka County, Nevada. RenGold has modeled 241 historic drill holes, carried out field reconnaissance and is developing several drill targets. Much of the past drilling and mapping was completed prior to 1993, with 60 of the 241 holes drilled to less than 100 feet (30.48 meters). The overwhelming number of these shallow vertical reverse circulation holes did not penetrate primary mineralized structures which occur throughout the property.

Secret Canyon: At Secret Canyon RenGold has developed a significant re-interpretation of a high-grade epithermal target located south of Winnemucca, Nevada and west of the evolving Kinross Gold Banks Project. A large recessive zone that was discovered by regional BLEG analysis brought Renaissance into the area. Recognition of this geologic setting has led to a series of high value targets that are shallow and easy to test. The property is being prepared to be drill ready with detailed geology, geochemistry, and geophysics.

In addition to the above, work has continued on data compilation and target definition at the Company’s other projects being prepared for joint venture. These properties include the Bunce, Whistler and Wood Hills South projects.

Nevada projects with funding partners

At the date of this press release, RenGold has six properties under exploration earn-in agreements:

 
Project Funding partner
Arabia Coeur Mining, Inc.
Fourth of July Summit Mining Exploration II, Inc., a US subsidiary of Sumitomo Corporation
Golden Shears Walmer Capital Corp.
Silicon Altius Minerals Corporation
Trinity Silver Liberty Silver Corp.
Wildcat Troymet USA LLC

Arabia: The Arabia project is located in Pershing County just west of the Humboldt Range and RenGold’s Fourth of July project. Field work, completed as a follow-up to detailed aeromagnetic and gravity surveys, helped to delineate areas of interest within the project. The Arabia project is funded by Coeur Mining, Inc. and includes a minimum work commitment of US$100,000 in the first year.

Fourth of July: The Fourth of July project is located in the northern Humboldt Range of Pershing County and just north of the evolving Spring Valley gold project, which is a joint venture between Barrick and Midway. The Fourth of July project is funded by Summit Mining Exploration II, Inc., (“Summit II”) a US subsidiary of Sumitomo Corporation.

In September 2015, RenGold started a drill program that includes 8 reverse circulation holes with a budget for 1,340 meters (4,400 feet). Careful execution of this program resulted in 16 holes totaling 2075 meters (6,805 feet) being drilled. This round of drilling has tested three target areas within this target-rich project that had multiple mines and was one of the largest silver-gold producers in Nevada prior to 1940. Results are expected to be released in late November.

Golden Shears: In March 2015, RenGold entered into an exploration earn-in agreement with Walmer Capital Corp. (“Walmer”) to earn a 70% interest in the property.  In October 2015, the Company extended the date of any payments to February 1, 2016 in consideration of $10,000 to be paid on closing of a financing by Walmer.

Walmer has commissioned a technical report from Mr. R. A. Lunceford, an independent Qualified Person reporting on the extensive work done by RenGold and the results of 8 audit rock samples collected by Mr. Lunceford from targets on the property.  The 8 samples were collected from areas and exposures Mr. Lunceford deemed to be important to validate the reported mineralized material.  Mr. Lunceford collected and transported the samples in his sole custody directly to the preparation facility of ALS in Reno, Nevada.

Silicon: RenGold's Silicon property is in the Bare Mountain Mining District of southern Nevada. The property consists of unburdened claims on federal BLM ground. RenGold is advancing the Silicon property with Altius Minerals Corporation funding a $140,000 work program in exchange for a 1.5% NSR royalty. Field work has commenced and will be followed by a gravity survey. Silicon is an epithermal project in a productive district. The property has been underexplored and holds large deposit potential. The ultimate objective is to do enough geoscience work on the project to attract a partner who will enter into a standard agreement by funding exploration to earn an interest in the project.

Trinity Silver:  In fiscal 2013, Liberty Silver Corp. (“Liberty”) completed their work commitment of US$5,000,000 on the Trinity Silver project located in Pershing County, Nevada.  In addition to the US$5,000,000 work commitment, Liberty must complete a bankable feasibility study by March 29, 2017 to earn an undivided 70% interest in the property.  Metallurgical studies are continuing in preparation of a preliminary economic assessment on the oxide deposit and this will be used to generate financing for development of the oxide deposit. Liberty reports that, pending funding, it next plans to do Preliminary Economic Assessment level work on the project. 

Utah projects with funding partners

Wildcat: Wildcat lies in the Detroit Mining District, an historic gold producing region in the northern Drum Mountains of central Utah. In February 2015, the Company entered into an exploration earn-in agreement with Troymet USA LLC. Ongoing field work by RenGold, on behalf of Troymet, is producing important results that are redefining the model of the mineralization and generating new targets.  Troymet is in the process of permitting trenches, drill roads and drill pads in the Core Main Target and Southeast Target areas.

Qualified Person

All technical data, as disclosed in this MD&A, has been verified by the Company’s qualified persons Richard L. Bedell, M.Sc. and Registered Member and Eric M. Struhsacker, M.Sc. and Certified Professional Geologist.

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 This email address is being protected from spambots. You need JavaScript enabled to view it. or Eric Struhsacker, 775-337-1545 or This email address is being protected from spambots. You need JavaScript enabled to view it.

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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Condor Gold

Exchange/Ticker: LON: CNR
Main Asset: La India Gold District
Stage:
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Operating Region: Nicaragua
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