Encore Renaissance Renews Yukon White Gold Lease
22.07.2011 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - July 22, 2011) - Encore Renaissance Resources Corp. (TSX VENTURE:EZ) (FRANKFURT:OUH1) (PINK SHEETS:ERRCF) (the "Company" ) wishes to report in anticipation of this summer's field season it has renewed the Yukon Mining Leases in the White Gold Yukon area.Encore Renaissance's White Gold Yukon project is comprised of 100 quartz claims approximately 5000 contiguous acres and lies within the Tintina Gold Belt. Management is planning on commencing operations on this 100 percent owned White Gold Yukon Prospect and anticipates finalizing a work program to follow up on the anomalous gold and molybdenum results revealed in last year's field work.
President Mr. Michael Mulberry states, "I am very excited about the future growth of the company, with the Yukon leases renewed and the proposed activity on the site, this summer is shaping up to be a very active time for Encore Renaissance. Management is optimistic about the program and especially encouraged by commodity prices that are near all time highs. We are also negotiating to add new assets to the company in the near term."
The White Gold Prospect lies in direct vicinity of the White Gold Discovery made by Underworld Resources (TSX VENTURE:UW). Underworld intercepted over 104 meters of high-grade mineralized core that graded an average of 3.39 grams per ton. This, along with other high-grade drill results from their White Gold Property subsequently caused Kinross, the world's fifth-largest gold producer, to takeover Underworld Resources for 2.60 a share in June 2010.
Encore Renaissance would also like to inform shareholders that the Joint Venture (LOI) with Caribou Copper for the Bonaparte property is still under negotiations and both companies are working together to come to terms as soon as possible.
Michael Mulberry
President and Director
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the content of this press release.
Contact Information
Head Office Address: Encore Renaissance Resources Corp.
Suite 809 - 27 Alexander Street
Vancouver, BC
Canada V6A 1B2
778-994-6453
info@encorerenaissance.com