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- Assay results from Renascor Resources’ (RNU) recent reverse circulation drill program have extended the known gold mineralisation at its Soyuz Prospect in South Australia
- 1896 metres of reverse circulation drill took place across 14 holes, varying in depth from 84 metres to 162 metres
- 13 of 14 holes intersected gold mineralisation, recording significant gold intervals, such as 11 metres at 0.9 g/t, including 4 metres at 2.0 g/t
- The company is now planning further exploration to define the size and continuity of gold mineralisation
- Renascor’s next step will include infill soil sampling and further evaluation of priority targets within the anomalous gold zones at Soyuz and in the wider Carnding project area
- Renasscor Resources is trading flat at 11 cents
Assay results from Renascor Resources’ (RNU) recent reverse circulation drill program have extended gold mineralisation at its Soyuz Prospect in South Australia.
1896 metres of reverse circulation drill took place across 14 holes, varying in depth from 84 metres to 162 metres.
The drill program focussed on identifying potential extensions to previous high-grade drill intercepts and an induced polarisation chargeability anomaly.
Of the 14 holes, 13 intersected gold mineralisation, recording significant gold intervals, including 11 metres at 0.9 g/t, including 4 metres at 2.0 g/t.
Drilling extended the gold mineralised system around 400 metres further south, to over 800 metres and 500 metres in an east–west direction.
The results confirmed the presence of a broad system of gold mineralisation, with multiple, low-level gold shoots, following the granite contact.
The company is now planning further exploration to define the size and continuity of gold mineralisation and its potential for economic gold deposits. Gold-in-soil geochemical anomalies along the granite boundary to the southwest will also be drill tested.
Renascor’s next step will include infill soil sampling and further evaluation of priority targets within the anomalous gold zones at Soyuz and in the wider Carnding project area.
Renascor Resources is trading flat at 11 cents at 9:45 am AEST.
