Encore Renaissance Resources Corp.

Encore Renaissance Resources Corp.

December 01, 2010 03:01 ET

Encore Renaissance Reports on Yukon White Gold Property Soil Sampling Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2010) - ENCORE RENAISSANCE RESOURCES CORP. (TSX VENTURE:EZ) (FRANKFURT:OUH1) (PINK SHEETS:ERRCF) Encore Renaissance Resources Corp wishes to provide 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 100m 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 ppb Au. The most interesting aspect of this 2 km x 1 km anomaly is its elevated molybdenum values; 3 are above the 98th percentile and a further 7 exceed the 90th out of a total of 23. The 2010 soil sampling program identified an anomaly (6) 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 does 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.

Cale 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 advisor to the company.

This release has been reviewed by Laurence Stephenson P.Eng. the designated Qualified Person.

Michael Mulberry, President and Director

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the content of this press release.

Contact Information

  • Encore Renaissance Resources Corp.
    Michael Mulberry
    President and Director
    778-994-6453 or 778-891-2702
    Encore Renaissance Resources Corp.
    Suite 809 - 27 Alexander St
    Vancouver, BC
    Canada, V6A 1B2