Mr. Michael Mulberry reports
ENCORE RENAISSANCE REPORTS ON YUKON WHITE GOLD PROPERTY SOIL SAMPLING PROGRAM
Encore Renaissance Resources Corp. has provided an update regarding the 2010 soil-sampling program assessment of the Yukon gold property for gold potential.
Samples were taken by Equity Exploration Consultants Ltd. at 100-metre spacing along mostly contour and (where appropriate) ridge lines. An anomaly previously undocumented Au-As-Mo high was found along a short spur in the south-central area of the claim block on ground controlled by Encore.
The majority of samples along the line have elevated gold levels though only one sample falls above the 98th percentile, with 23 parts per billion (ppb) Au. The most interesting aspect of this two-kilometre-by-one-kilometre anomaly is its elevated molybdenum values; three are above the 98th percentile, and a further seven exceed the 90th out of a total of 23. The 2010 soil-sampling program identified an anomaly which is worthy of further exploration. The levels for Au and Mo used to define anomalies on the Yukon gold property are not high, and the data do not show the level of correlation between Au, As, Sb and Mo that might be expected if these anomalies were the result of a White gold-type system. However, given the significant gold discoveries made in recent years near the Yukon gold property within similar rocks, these anomalies should not be ignored. Based on the current broad-scale geologic mapping, the structural and/or lithological controls on the presumed mineralization which caused the anomaly are unknown.
The Yukon gold property is situated directly across the Yukon River from the White gold property of Kinross (formerly Underworld Resources). The claims are underlain by the same quartz-muscovite and chlorite-muscovite schist of the Nasina assemblage that hosts the deposits on the White Gold property, presenting an attractive exploration target.
The company would also like to announce Cale Nishimura as the new company controller.
Mr. Nishimura has over 14 years of experience in financial services and over 20 years investing experience. He has 10 years experience conducting compliance and procedural audits of brokerage firms for a securities regulator. Mr. Nishimura holds the Canadian investment manager (CIM) designation (since August, 2008) through CSI Global Education (formerly the Canadian Securities Institute).
The company would also like to state that Abi-Farrage remains as an adviser to the company.
This release has been reviewed by Laurence Stephenson, PEng, the designated qualified person.