Renaissance Gold Drills 22.86 meters of 47.86 g/t Silver at the Fourth of July Silver-Gold Project, Nevada

White Rock, British Columbia (FSCwire) - Renaissance Gold Inc. (TSX: REN) (“RenGold”) is pleased to announce results from its 2015 reverse circulation drilling program at the Fourth of July project in the Humboldt Mountains of Pershing County, Nevada. The drilling program was funded by Summit Mining Exploration II, Inc., a US subsidiary of Sumitomo Corporation pursuant to the second year of an earn-in agreement.

RenGold completed 2075 meters (6805 feet) of drilling that tested three target areas on the property.  Drilling intercepted high-grade Ag mineralization within the Jackson Vein target as well as low-grade disseminated oxide Au mineralization in the Black Warrior target. See the geologic map of the Property showing the drill site locations below in Figure 1.

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Jackson Vein – Three holes were drilled in the Jackson area totalling 273 meters (895 feet).  FOJR-19 intercepted 1.52 meters (5 feet) of 321 g/t Ag and 6.28 g/t Au in a mesothermal quartz vein within a larger intercept of 22.86 meters (75 feet) of 47.6 g/t Ag from 10 to 85 feet (3.05 to 25.91 meters) in depth. The mineralization occurs in a composite mesothermal vein and mafic dike complex cutting a rhyolite porphyry stock.  FOJR-15 intercepted 3.05 meters (10 feet) of 42.6 g/t Ag and lost 4.57 meters (15 feet) of sample in the core of the targeted structure. 

Black Warrior – Nine holes were drilled in the Black Warrior area totalling 1140 m (3740 feet).  The drilling tested a zone of disseminated gold mineralization hosted in strongly altered rhyolites that occur along a gold and silver bearing mesothermal quartz vein.  All drill holes in this area intercepted Au > 0.05 g/t and define a mineralized zone greater than 1,300 m long and open in both directions.  Multiple low grade gold zones were intercepted as represented by FOJR-07 which included 1.52 meters (5 feet) of 0.476 g/t Au from 35-40 feet, 12.19 meters (40 feet) of 0.187 ppm Au from 60-100 feet, 1.52 meters (5 feet) of 0.243 g/t Au from 145-150 feet, and 9.14 meters (30 feet) of 0.295 ppm Au from 185-215 feet.  FOJR-18, drilled  340 m to the north, intercepted 10.67 m (35 feet) of 0.231 g/t Au from 30 to 65 feet in a disseminated zone as well as 1.52 m (5 feet) of 26.31 g/t Ag from 95-100 feet in a mesothermal vein. Cyanide soluble gold analyses from representative gold-bearing intervals of FOJR-07, FOJR-13, and FOJR-18 had high gold recoveries (average 91%) and suggest the mineralization would be amenable to a bulk tonnage heap leach scenario.  The system continues under shallow alluvial cover to the southeast where projected structural intersections remain largely untested.

Arizona Graben - Four holes were drilled in the Arizona Graben area totalling 661 m (2170 feet). The drilling tested for rhyolite-hosted mineralization located stratigraphically below a zone of historic Ag mining in bedding-parallel quartz veins. FOJR-10 intercepted 3.05 meters (10 feet) of 15.9 ppm Ag from 10-20 feet and 28.3 ppm Ag from 50-60 feet.  Both intercepts are hosted in the upper carbonate sequence above the target stratigraphy. Two holes intercepted altered Cretaceous age mafic dikes in the targeted structural zone but neither contained significant precious metals.

A complete list of drill intercepts is in Table 1 below. Bold indicates samples rerun for cyanide soluble gold (and silver in FOJR-19).

Four of the 16 holes were surveyed with the remaining holes projected based on collar orientation.  Drill data density is insufficient to estimate true thickness of the mineralized intervals reported above.

Richard Bedell, President and CEO of Renaissance Gold comments: "This is a good start to this target rich project. The Jackson vein is hosted by competent rhyolite porphyry and these results open up this extensive body to further exploration. The Black Warrior zone is an impressive large, low grade gold system. Having achieved such high recoveries with just a few drill holes we are hopeful to find a higher grade portion that might make this grow. The original Arizona and Wheeler mine areas remain open to further exploration because this drilling was all shallow. This drill program had many penetrations for the cost and it is remarkable that the majority of the  drill holes contained reportable intercepts."    

ALS Minerals in Reno, Nevada performed gold analyses by fire assay and ICP analysis for 50 additional elements utilizing a 4 acid digestion. All drill samples were collected following standard industry practice. QA/QC included the insertion of numerous standards and blanks into the sample stream.  Cyanide soluble gold and silver were analyzed as 30 g samples leached with sodium cyanide solution and analyzed by atomic absorption spectrometry.

Qualified Person

All data disclosed in this press release, including sampling and analytical data, have been reviewed by the Company’s qualified persons Richard L. Bedell, M.Sc. and Registered Member SME 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, now focused mainly in Nevada and Utah. RenGold’s objective is to place the projects 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.

About Sumitomo Corporation

Sumitomo Corporation (“SC”) is a leading general trading company with 115 locations in 66 countries and 24 locations in Japan. The entire Sumitomo Corporation Group consists of over 850 companies and more than 70,000 personnel. The SC business is continuously expanding into a diverse range of products and services. Its core business units are Metal Products; Transportation & Construction Systems; Environment & Infrastructure; Media, Network, Lifestyle Related Goods & Services; and Mineral Resources, Energy, Chemical & Electronics.

Renaissance Gold Inc.

By: Richard L. Bedell, President and CEO

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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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