Renaissance Minerals to raise $2.2m for Cambodian gold quest
Renaissance Minerals (ASX: RNS) will increase its cash position to further develop its Cambodian Gold Projects, after receiving firm commitments for the placement of 44 million shares at $0.05 to raise $2.2 million. ... Renaissance will now be funded to advance its wholly-owned Cambodian Gold Project, where the company recently delivered a JORC Indicated and Inferred Resource at the Okvau Gold Deposit of: 15.6 million tonnes at 2.4g/t gold for 1,200,000. ... Highlighting the prospectivity of the project, the Okvau Deposit and other gold occurrences within the exploration licenses are directly associated with diorite and granodiorite intrusions. ...
