Renaissance Minerals has announced a new, independent, JORC-compliant, indicated and inferred resource estimate of 15.6 million mt grading 2.4 g/mt gold, for 1.2 million oz of contained gold, for its 100%-owned Okvau gold deposit in eastern Cambodia. Approximately 93% of the resource is classified as indicated. The indicated component of the resource is above 300 m below surface, with a gold cut-off of 0.65 g/mt. The depth and geometry of the deposit make it amenable to open-pit mining.
The Okvau resource estimate covers approximately 500 m of strike and 250 m of width of the mineralized vein system. The resource estimate is based on data from 90 diamond drill holes totaling 28,156 m. The deposit remains open to the northeast, southeast and at depth, with scope for further resource expansion.
Renaissance has a goal of establishing a multi-million-oz gold project at Okvau and is currently undertaking a 25,000-m reverse circulation drilling program targeting high-priority prospects within close proximity of the deposit. The company currently has two reverse circulation rigs active and has recently completed a highly successful surface geochemical sampling program that generated multiple targets to drill test during the 2013 exploration field season. All of these targets are situated within 15 km of the Okvau gold deposit.
(www.renaissanceminerals.com.au)
