Renaissance Gold Has Attracted Major Partners
Bob Felder explains why the future looks good for the gold and silver focused exploration company.
Renaissance Gold is a prospect generator that operates under a joint venture business model. To clarify, they generate early stage targets by doing geology, geochemistry, geophysics, and then bring them to the drill stage. Afterwards, they try to attract a third party partner to come in and fund exploration in exchange for equity in the project.
“Out of our twenty three projects, we have nine of those in deals with partners. And we’ve recently attracted some major partners.” says Bob Felder. They have OceanaGold on two of their projects, Hochschild Mining out of Peru on two projects and a handful of Australian companies.
AngloGold Ashanti has been drilling on their silicon project. “They drilled a lot of holes in a very short period of time. They’re now permitting a very large follow up program.” says Felder
Bob Felder believes the future is bright for Renaissance. “Last year, the total expenditure on our projects was in Canadian dollars, about 10 million. Only 20 percent of that was out of our treasury. If we get involved in discovery, we may only end up retaining a 30 or 40 percent equity interest in a project, but for shareholders, that can be a very, very big win.” says Felder
More on Renaissance Gold
Renaissance Gold Inc. is a Nevada-based, gold/silver-focused exploration company. They emerged as a “spin-out” from the 2010 acquisition of AuEx Ventures, Inc. by Fronteer Gold, Inc.
Renaissance employs leading edge exploration technology, and has developed proprietary techniques for processing satellite, geophysical, and geochemical data to identify alteration and geologic features related to mineral deposits. It is this process of “refining the art of mineral exploration” that gives Renaissance an exploration advantage.
Renaissance’s current precious metal exploration projects are located in Nevada and Utah, many of which are in earn-in agreements with industry partners. Renaissance continues to implement its expertise and talent to generate quality exploration properties thereby increasing the potential for discovery.
For more information on Renaissance Gold Inc. (REN:TSX.V, RNSGF:OTCQB) please fill out the form below.