Renaissance Gold (TSX.V: REN) holds the Spruce East Project immediately adjacent to the Peloton Independence Valley Project in Elko County, Nevada. On February 13, 2018 Renaissance Gold issued a project update. The portion relevant to Spruce East is excerpted below, with their full release available at: Renaissance Project Update Feb 13-2018
FOR IMMEDIATE RELEASE TSX.V: REN
NR2018-03 February 13, 2018
Renaissance Gold Project Update
Renaissance Gold Inc. TSX.V:REN (“RenGold” or the “Company”) is pleased to report on the progress
and status of our Nevada, USA projects and our anticipated drilling plans for 2018.
Kinross funded projects
Kinross Gold U.S.A., Inc. a subsidiary of Kinross Gold Corp. (NYSE:KGC; TSX:K) entered into earn-in
agreements on the Diamond Point, Buffalo Canyon and Spruce East projects in May, 2017 (See NR dated
May 15, 2017), and completed drill programs on all three projects. (See NRs dated October 26, 2017 and
December 6, 2017). We are pleased to report that Kinross has notified the Company that they will be
returning for another round of drilling on the Spruce East Project which includes a 2nd year minimum
expenditure of US$200,000 to maintain the option. Drilling during 2017 at Spruce East encountered
significant zones of anomalous geochemistry and meaningful gold intercepts (See NR dated October 26,
2017) further defining a Carlin-like geochemical cell which remains open to expansion.