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Bullboard - Stock Discussion Forum Encore Renaissance Resources Corp V.EZ

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Encore Renaissance Resources Corp > GOOD NEWS!!!!!!!!!!
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Post by pitbullish on Mar 03, 2010 6:55am

GOOD NEWS!!!!!!!!!!

Encore Renaissance Acquires New Heavy Drill to Triple Extraction Rate on Decline at the Bonaparte Property
Encore Renaissance Resources Corp EZ
3/3/2010 3:05:12 AM
VANCOUVER, BRITISH COLUMBIA, Mar 3, 2010 (Marketwire via COMTEX News Network) --

ENCORE RENAISSANCE RESOURCES CORP. (TSX VENTURE:EZ)(FRANKFURT:OUH1)(PINK SHEETS:ERRCF) Encore Renaissance Resources Corp. (the "Company") reports progress on the Bonaparte Property 10.000 tonne bulk sample exploration program. The company is pleased to announce the acquisition of a new heavy drill now onsite at the property which should increase rate of extraction of both the gold-bearing veins and stockwork material by approximately 3 times the current rate as the extraction progresses on the main access decline.

As of February 24th 2010, the operator BCT Mining has driven the decline to a current drift depth of 79.2 metres and has turned to intersect the Eagle vein to the east. Once the Eagle vein has been intersected, the company will drift north and south on it to extract additional vein material for the bulk sample. The decline will then continue to the west towards the targeted Crow and Jay Veins. When it re-intersects the 20 vein at depth, further extraction drifts will be set out on it at this level. The decline will continue advancing toward the Crow and Jay veins to the west.

The opening of several extraction drifts along these veins will enable the company to increase the shipping of ore to the Kinross Mill. With the addition of several pieces of new equipment including the new Jumbo drill, the bulk sample extraction and decline advancement rates will be substantially increased, generating the bulk sample gold grade results from the Eagle Crow and Jay and other vein targets.

To help facilitate the ramping up of bulk sampling operations, the company has recently completed site infrastructure improvements to support its two operational shifts working including a cross over rotation shift. These operations now incorporate the employment of 12 miners, technicians and support people at the site.

Technical Report on the '20 Vein' Results

The 20 vein stock work zone was mapped down the decline a further 21 m. from 27.6 to 48.549 metres before the vein rotated to a 230 degrees SW striking direction of the decline path. The 20 vein with a width of 0.81 metre continues to be open with a final sample returned 92.5 g/t Au over 0.60 metre width. The total overall vein has been traced 41.24 metres in length and is totally exposed in the decline. In the vein, 23 paneled samples averaging 12.60 g/t gold over 38.20 meters were taken. The vein remains open in both directions.

The quartz vein varies in width from 0.30 to 1.26 metres with a stock work zone that includes macro-veining up to 10 cm veinlets every 15-20 cm through out the entire quartz dioritic assemblage. Mineralization is predominantly in veins and through out fractures. Decline geological mapping has determined distinct mineralization and structural vein zoning that is south east 43 degrees dipping plunge and would have alternatively drilling challenging on interpretation as to depth directions and structural depositional controls.

President Michael Mulberry stated, "Every day at the site we are making excellent progress driving the decline and extracting of the bulk sample material along the way. This is not an exact science and work at the site is progressing in ways we both expected and did not expect, that's just par for the course. The fact is we are doing what we need to do and we are succeeding in developing this incredibly exciting project to its ultimate potential."

Michael Mulberry, President and Director

SOURCE: Encore Renaissance Resources Corp.

Encore Renaissance Resources Corp. Michael Mulberry President and Director 778-994-6453 or 778-891-2701 604-572-1891 (FAX) info@encorerenaissance.com www.encorerenaissance.com Encore Renaissance Resources Corp. Head Office Address PO Box 48474, Bentall Centre Vancouver, BC Canada V5C 2M7

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Comment by pdcon1 on Mar 03, 2010 7:41am
Great news should give us a pop up.
Comment by JennyB2 on Mar 03, 2010 7:17pm
"92.5 g/t Au over 0.60 meterwidth"WOW! .6 meters of 92.5 grams per tonne gold and the working face is what? 4 meters by 3.5 meters? This is an educated guess on my part, but with at least a double boom Jumbo now working, it is a reasonable guess.Average that 92.5 grams per tonne gold through a block of granite 4 meters by 3.5 meters by 12 meters and see how much gold per tonne is ...more  
Comment by loulou10 on Mar 03, 2010 8:12pm
You must be kidding.If this is such a great deal why are they selling at 12.I did talk to my cousin who is a miner and he indicated they numbers are not something to take likely.The only problem is they did not specify how deep they are.You have some at 92 while the others are at 12.What we really need is the results from the sample that was already sent to kinross.With out that might as well say ...more  
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