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