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RNU - Renascor Resources

springhill

Make the drill work for YOU
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MC - $3m
SP - 4.2c
Shares - 77m
Options - 14m
Cash - $4.5m

RENAISSANCE TO ACQUIRE STRATEGIC LAND POSITION IN FROME BASIN
HIGHLIGHTS
● Renaissance to acquire major strategic land position covering approximately 4,000 km2 in uranium rich Frome Basin
● As consideration, Renaissance to issue 800,000 ordinary shares to Frome Uranium Pty Ltd, a subsidiary of Callabonna Uranium Limited
● Tenements prospective for sandstone-hosted uranium, similar in style to nearby Beverley uranium mine (46.3 million pounds @ 0.27% U3O8)1 and recently discovered uranium deposits at Four Mile (70.5 million pounds @ 0.33% U3O8)2 and Beverley North and Pepegoona (8.8 million pounds @ 0.18% U3O8)3
● Initial work program will include using existing airborne geophysical data in conjunction with available drill hole data to define preferred stratigraphic and structural settings consistent with Four Mile and Beverley

MULTIPLE ANOMALOUS GOLD INTERCEPTS FROM DRILLING AT CUTANA PROJECT
HIGHLIGHTS
● Initial scout-drilling at Renaissance’s Cutana Project has returned multiple anomalous gold intercepts over an extensive area covering Pinery and Tepco Prospects
● At Pinery, gold was intersected in both near-surface oxide zones and primary zones, with values of up to 6 metres at 0.73 g/t gold in oxide zone and 2 metres at 0.89 g/t in primary zone
● Gold was also returned from drilling at the Tepco Prospect, approximately 7 kilometres to the southwest of Pinery, with gold values of up to 8 metres at 0.32 g/t within oxide zone
● The presence of multiple widely spaced oxide and primary gold intercepts over areas where Renaissance’s previous soil sampling identified extensive anomalous soil gold geochemistry suggests that potential for economic gold mineralisation within the Pinery and Tepco area remains high
● Next steps to include detailed sampling, regolith mapping and ground geophysics in the areas of existing intercepts, to be followed by drill testing of defined drill targets

SILVER PROSPECTS DEFINED IN LAKE GAIRDNER DISTRICT
HIGHLIGHTS
● Completion of soil sampling at Renaissance’s Gairdner Project has resulted in the identification of three prospect areas with multiple zones of highly anomalous silver in soil geochemistry across areas of interpreted Lower Gawler Range Volcanics
● Each prospect area includes significant areas with soil silver values in excess of 50 parts per billion (ppb) and peak values of 130 to 330 ppb, which compares favourably to soil geochemical results from Investigator Resources’ Paris discovery in a comparable geologic setting on the southern margin of the Gawler Range Volcanic outcrop area
● New silver anomalies include Kokatha Prospect area, immediately to the west of the previously defined Kokatha magnetic target
● Infill sampling currently underway, to be followed by drill testing of defined targets

RENAISSANCE AWARDED PACE GRANT FOR TANNERS DAM PROJECT IN CENTRAL GAWLER CRATON
Renaissance Uranium Limited (ASX: RNU) is pleased to announce that it has been awarded a PACE grant by the
South Australian Government for proposed drilling of its 100%-owned Tanners Dam Project in the Central Gawler
Craton of South Australia.
Renaissance’s drilling proposal has been approved for funding of up to $40,000 pursuant to the South Australian Government’s Plan for Accelerating Exploration (PACE) Initiative.
Renaissance’s drilling proposal for Tanners Dam was selected as one of 26 successful proposals chosen by a panel comprised of representatives from South Australia’s Department for Manufacturing, Innovation, Trade, Resources and Energy (DMITRE) and independent external geologists.
 

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On December 6th, 2013, Renaissance Resources Limited changed its name to Renascor Resources Limited.
 

greggles

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Renascor Resources announced this morning that preliminary laboratory test work has produced high quality spherical graphite from Siviour graphite concentrates, suggesting suitability for Siviour concentrates to be processed into high value spherical graphite for sale into the market for lithium ion battery anodes.

The news has sent RNU north today. It is currently up 0.007c to 4.6c, a gain of around 18% on yesterday's close.

Renascor Resources has seen steady share price growth over the last five months, having risen from 1.8c to 4.6 in that time, mostly on the back of announcements reporting good drilling results at the company's Olary Cobalt and Siviour Graphite Projects in South Australia, and the Munglinup Project in the Albany-Fraser Range province of Western Australia.
 
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