The firm, which emerged as a spin-out from the 2010 acquisition of AuEx Ventures by Fronteer Gold, has a large portfolio of properties in the western US and has entered into more than 65 exploration agreements.
The company has an extensive portfolio of precious metal exploration projects in Nevada and Utah, many of which are in earn-in agreements with industry partners.
It has interests in 13 properties which exhibit Carlin-type geological properties, and eight that qualify as epithermal gold deposits.
Two projects lie right across the Carlin Trend, with two more across the Battle Mountain Trend. In addition, there are two intrusion-related gold deposits. Planned for this year alone are seven drill programs.
In May this year, Robert Felder, president and chief executive told Proactive that "any one of those projects could be a huge breakthrough for the company".
WATCH: Renaissance Gold turning drill bits for 2 projects in potentially 'huge breakthrough'
Just this week (on August 2), the company revealed it had entered an agreement with the major Newmont USA, which expands its Ecru project in Lander County, Nevada.
Ecru is located in the Cortez area on the prolific Battle Mountain-Eureka trend of gold deposits.
Meanwhile, ongoing work programs are on the South Roberts project in Eureka County, Nevada, which is subject to an earn-in agreement with S2 Resources Ltd.
Also, work has started at its Silicon project, in the Bare Mountains mining district of Nye County, Nevada, where in June partner, the major AngloGold Ashanti Ltd (JSE:ANG) decided to keep its 100% earn-in option and made its first-anniversary payment of US$200,000
AngloGold Ashanti has completed three holes, totalling 1,145 metres, of a planned programme to drill around 3,000 metres. The project is near Corvus Gold Inc's (CVE:KOR) North Bullfrog and Mother Lode projects, and Northern Empire Resources' (CVE:NM) Sterling mine.
Meanwhile, drill results so far at South Roberts have been encouraging and showed an impressive result of 1.65 m (meters) of 0.17 g/t (grams per ton) gold during a diamond drill program aimed at testing multiple targets.
And the company has access to cash. Last month, it closed a previously announced financing, bringing in C$3.11mln to be used mainly for exploration.
Also in July, the resource firm said follow-up drilling has been started at its Spruce East project, also in Nevada, where it has Kinross as a partner.
The firm inked a letter of intent with Kinross Gold U.S.A. which could grant the latter the option to acquire a 70% interest in the Spruce East, Diamond Point, and Buffalo Canyon exploration projects, all in Nevada within 10 years.
And this month its partner Ramelius Resources has started a follow-up drilling program on its Jupiter project in Nevada.
The current phase 2 follow-up program includes plans for 1,524 m (meters) of RC (reverse circulation) drilling in seven holes, offsetting the mineralization encountered in phase 1, and also drilling structural targets to explore for potential higher-grade feeder structures.
Joint venture business plan
Renaissance believes that a joint venture business model is the most effective strategy for non-revenue-generating junior explorers. Renaissance minimizes exploration risk by joint venturing its portfolio of high calibre exploration projects with solid partners.
By following this plan, Renaissance accepts dilution in its exploration property positions rather than dilution for its shareholders. Maintaining a tight share structure ensures that success on any single project can create significant rewards for shareholders.
In 2017, the company completed 10 such joint venture deals. Among others, it’s currently in a joint venture with Kinross (TSE:K) on Spruce East, which will be drilled this year. Also on the joint venture roster are AngloGold Ashanti (NYSE:AU) (JSE:ANG), S2 Resources (ASX:S2R), Ramelius (ASX:RMS), Coeur Explorations, a subsidiary of Coeur Mining (NYSE:CDE), and Radius Gold (CVE:RDU).
Renaissance employs leading-edge exploration technology and has developed proprietary techniques for processing satellite, geophysical, and geochemical data to identify alteration and geologic features related to mineral deposits. It is this process of "refining the art of mineral exploration" that gives Renaissance an exploration advantage.