Renascor gold mineralisation at Soyuz The company advised that...

Renascor gold mineralisation at Soyuz

The company advised that 13 out of 14 holes drilled intersected gold mineralisation, with significant gold intervals recorded proximate to previous high-grade gold intercepts. These intercepts included 11 metres at 0.9 g/t and 4 metres at 2.0 g/t.
Renascor says the results confirm the presence of a broad gold zone defined by a stacked system of gold mineralisation along the granite margin, with potential for further shallow high-grade gold shoots.
The company says it will still need to delineate the size and continuity of gold mineralisation and potential for economic gold deposits. Its next steps are more infill soil sampling and further evaluation of its priority targets in Soyuz.
Renascor has also yet to test for gold in soil geochemical anomalies along the granite boundary to the southwest.
Renascor share price snapshot

The Renascor share price hit an all-time-high on 25 March of 18.5 cents before settling at 16 cents and has fallen over the past few weeks to its current price.
The initial investor excitement was created by Renascor signing a non-binding MOU with Hanwa CoLtd (Hanwa) to supply purified spherical graphite. Hanwa is one of the largest traders of battery chemicals in the Asian region.
Since that flux, the Renascor share price quickly returned to 15 March levels, where it remains now. However, it’s still up 1,471% this year, beating the basic materials sector by 1,522%.

https://www.********.au/2021/04/09/renascor-asxrnu-share-price-flat-despite-strong-gold-results/