Renaissance Oil Corp. RNSFF

MORE news! Aug.16

[grommet]

Santoy stakes Labrador, Saskatchewan lands 2005-08-16 09:57 ET - News Release Mr. Ron Netolitzky reports SANTOY INCREASES LAND HOLDINGS AND COMMENCES AIRBORNE SURVEY IN LABRADOR Santoy Resources Ltd. has acquired by staking a 100-per-cent interest in an additional 228 claims (5,700 hectares) in the Central mineral belt (CMB) of Labrador. This brings Santoy's 100-per-cent-owned landholdings to 46,700 hectares. Santoy also has an option to earn up to a 75-per-cent interest in an additional 28,675 hectares owned by Monster Copper, bringing Santoy's total land position to 75,375 hectares. The new claims were staked as a result of a recent data compilation that shows that the structure hosting the Anomaly 7 showing is part of an up to 400- metre-wide structural zone that has been traced for an overall distance of approximately seven kilometres. As previously reported, historic drilling on the Anomaly 7 showing encountered significant mineralization over a strike length of 400 metres. Highlights of Brinex sampling in 1978, 1979 and 1980 include values of up to 2.12 per cent U3O8 from an outcrop located 500 metres west of the drill area. Anomaly 7A occurs a further 1,000 metres west along the same structure, and has yielded a value of 0.098 per cent U3O8. An outcrop 500 metres to the east of the most easterly drill hole yielded a value of 0.30 per cent U3O8. Santoy's field crew is flagging a grid over the Anomaly 7 structure in order to re- establish the previous sample sites and confirm the historic values, prospect the area in detail and gather structural and geological information along the zone in order to better orient a proposed late fall drilling program, for which permits are pending. Fugro reports that an airborne radiometric and magnetic system has been installed on an A-Star helicopter and has been mobilized to site in Makkovik to start the 8,000-line-kilometre survey commissioned by Santoy. Santoy has also acquired by staking the historic Bur (Burbidge) Lake uranium occurrence situated in the lower Foster Lake area of Saskatchewan. The Bur occurrence consists of a uraniferous calc-silicate horizon, which has been offset by cross-faulting. To date, the mineralized horizon has been traced for about 540 metres. Previous exploration included trenching and diamond drilling with uranium grades reportedly in the order of 0.18 per cent U3O8.