The REN Property consists of 86 contiguous unpatented lode mining claims covering 7.4 square kilometres of the North Carlin Trend. The property has a long history of significant gold discoveries. The first deep, high-grade discovery hole (RU-24c) was drilled in 2000 and returned 42.7 meters of 34.6 gpt Au. This discovery led to an expansion of the surface drilling program. During the period 1999-2003, 65 drill holes/55,000 meters were completed.
Cameco Gold, operating the property with Homestake, filed an NI 43-101 Technical Report in June 2004. The report defined an initial inferred resource of 1.9 million tonnes at 14.7 gpt Au in what is known as the JB Zone. The JB Zone is located at a depth from surface of 700 to 900 meters and is hosted in the same geological units as the gold deposits currently mined at the Meikle and Banshee Mines immediately south of the REN property.
Cameco spun out its gold properties in 2004 in an IPO for Centerra Gold. Centerra continued definition drilling on the JB Zone until it sold its interest to Barrick in 2010. The property was eventually added to the joint venture between Barrick and Newmont to form Nevada Gold Mines.
The Goldstrike and Meikle Mines lie within two kilometers of the southern boundary of the REN property. The Bootstrap/South Arturo and Dee mines wrap around the REN Property on the west and north. REN is contiguous to the Banshee Mine property within the Goldstrike Complex.
See Global Resource Statement page for assumptions and notes for each respective resource estimate.