Okvau explorer raises $10m

Renaissance Minerals has raised $10 million for its gold-mining program at the Okvau deposit, in Mondulkiri province. The Australian company had estimated the area contained 729,000 ounces of gold. … Renaissance’s biggest challenge would be to finance the project by equity investments world-wide, Tremain said. … Renaissance is spending $1 million a month on “aggressive exploration” in Okvau and wants to establish a multi-million-ounce district.

http://www.phnompenhpost.com/2013010960685/Business/okvau-explorer-raises-10m.html