Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I took a starter position a couple of weeks ago and will be adding here shortly. I have not had a chance to speak with managment yet but will proably give them a call here in the next week or so.
hi UR..are u in RNGG? Have u had the chance to speak with management? tia
The Good Hope property project.
The objective on this property is to define a deep drilling target which may lead to the discovery of a Carlin-type gold mineralization hosted in Paleozoic sediments, preferably “lower plate” rocks. This property has already been the subject of several concerted exploration efforts, and although these efforts were directed primarily at discovering near-surface gold/silver resources, the data already collected could substantially aid in the campaign of exploring for deeper Carlin-type targets.
Reno Gold Corp. has a 60% interest in the Good Hope Property. Global Minerals Ltd. is the registered owner of the 107 claims and remains as the operator of the property. Dr. Hans E. Madeisky B.Sc., M.Sc., DIC, Ph. D, P. Geo acts as the Consulting Geologist and has over 32 years of exploration geology experience worldwide.
Here is the link for Global Minerals Ltd.http://www.cgmltd.com/
Here is the introduction to the Good Hope Property CSAMT Survey and GIS Database. The conclusions and recommendations by James L. Wright M. Sc. have defined the Company’s 2007 drill targets. To read the whole report, click the link...
A controlled source audio-magnetotelluric (CSAMT) survey was completed over the Good Hope property with the objective of defining structures and lithologies associated with gold mineralization. The survey was implemented in response to recommendations set forth by Wright (2004). Geologic mapping by Calloway and Wrede (2004) revealed upper plate siliciclastic rocks out-cropping over a limited area and surrounded by a number of volcanic units. Gravity work, reported upon by Wright (2004), indicates a continuation of the basement high running from northeast to southwest along the property. Sharp gravity gradients bound the high suggesting faulting. The CSAMT survey was specifically intended to define the basement high and refine locations for the bounding structures.
Results of the survey are provided in both map and digital formats. The maps include inverted resistivity sections for all fourteen (14) CSAMT lines, as well as plan maps for two depth slices of the composite inversion model. Sections are plotted at 1:5000 scale and the plan maps at 1:10000 scale.
Digital products included all raw data and processed files, as well as MAPINFO GIS files for the fourteen inverted resistivity sections and two depth slices. Also included are data and MAPINFO files for a number of related data sets such as topography, geology, geochemistry, etc.
Survey procedures and data processing are first reviewed followed by an interpretation of the CSAMT survey with incorporation of multiple data sets. Finally, recommendations and conclusions are presented along with a drill proposal.
http://www.renogoldcorp.com/projects.aspx
Here is the summary for the technical report for the Good Hope property. To read the whole report, click the link
This technical report summarizes the known results of exploration thus far carried out on the Good Hope property, and makes specific recommendations for their further exploration. This report was prepared pursuant to the guidelines of Canadian National Instrument 43-101,at the request of Dynamic Resources.
The project is a volcanic and sediment-hosted, epithermal precious metal property, which includes or is adjacent to mines with historical production, situated in the Tuscarora Mountains of northern Elko County, Nevada. The property comprises 97 unpatented lode mining claims, which are owned by Consolidated Global Minerals Ltd., and which are subject to a Joint Venture Agreement dated 30 April 2003, whereby Dynamic Resources can acquire a 60% interest in these claims. The terms of this agreement provide for minimum annual work expenditures, annual property payments, a net smelter return royalty, and a back-in right for Global.
The Tuscarora Mountains host the northern end of Carlin-trend mineralization and consist of a series of Eocene to Miocene volcanic centers, which have intruded, and locally covered sequences of upper and lower plate Paleozoic sedimentary rocks. Mineralized Eocene (feeder?) dikes have been found in many of the mines within the Carlin trend, and the temporal and spatial correlation with Carlin-type gold mineralization suggests a genetic link. The property contains altered exposures of probable lower plate Paleozoic sedimentary rocks that appear to be correlative with the Devonian Rodeo Creek Formation. The bulk of the exposed Au-Ag-As-Sb-Hg mineralization has been found in coeval intermediate to felsic volcanics, which have been dated as Eocene (36 – 40 ma) throughout most of the Tuscarora Mountains. Similar ages of mineralization have been determined for a number of typical Carlin-type mines within the Carlin trend, Getchell district, Jerritt Canyon district, and Battle Mountain-Eureka trend of gold mineralization.
The target concept for the Good Hope Project is that high-level, epithermal gold-arsenic dominated, volcanic-hosted, Eocene-aged, precious metal mineralization represents the top of mineralizing hydrothermal plumes which had the potential to form high-grade Carlin-type (Meikle) deposits within favorable stratigraphic sections of lower plate sediments at depth. It is believed that detailed geologic, structural, stratigraphic, geochemical and geophysical studies can target the favorable areas which overlie permissive stratigraphy at a reasonable depth (<2500 ft).
Various companies have conducted exploration on the Good Hope and two nearby properties in the past for volcanic-hosted, high-grade Au-Ag veins and bulk tonnage Au-Ag deposits. These previous efforts by Texas Gulf, Shell Oil, Phelps Dodge, Homestake Mining, Comino American, Newmont Mining, Western States Minerals, Pittston Nevada Gold, Teck, and others were focused on high-grade, epithermal, bonanza-type precious metal veins hosted within volcanics, or at the volcanic-sediment contacts. From the limited data available from previous exploration in the project area, it is clear that areas of widespread alteration in the volcanics contained anomalous values in Au and Ag with locally high concentrations of As-Sb-Hg. Locally, sedimentary basement rocks were intercepted by shallow drilling (in the Rock Creek and Cornucopia districts), which were altered and carried anomalous gold and pathfinder element concentrations. No resources have thus far been defined on the property, and all past mine development on the property is from the period of the late 1800’s through the 1950’s.
The Good Hope Project area is situated within a zone of “world class” gold endowment where the potential of finding a large, high-grade, gold mine are favorable. Past work has defined large (>1000×5000 ft) areas of strongly argillized volcanics which host numerous silicified breccia zones, and it is believed that the proposed exploration program offers an excellent opportunity to discover new Carlin-type mineralization beneath shallow volcanic cover on the property. It is recommended that Dynamic Resources continue exploration on the property. The proposed work shall be carried out in two phases, with the second being contingent upon the successful completion of the first phase.
Phase 1 will focus on defining the dominant mineralizing feeder structures with strong Au-As geochemical footprints, delineating the major sedimentary basement blocks and basement highs, and targeting Carlin-type mineralization at a reasonable depth for underground mining.
Phase 2 Favorable targets will be drill tested.
The combined estimated expenditures of Phase 1 on the Good Hope property is US $ 200,000; and for Phase 2 US $ 400,000, for a total expenditure on the property of US $ 600,000.
http://www.renogoldcorp.com/projects.aspx?id=1
Wonder if the major accumulation continues today from yesterday. Obviously someone knows whats up here.
The Good Hope Property Project
Reno Gold Corp. has a 60% interest in the Good Hope Property. Global Minerals Ltd. is the registered owner of the 107 claims and remains as the operator of the property. Dr. Hans E. Madeisky B.Sc., M.Sc., DIC, Ph. D, P. Geo acts as the Consulting Geologist and has over 32 years of exploration geology experience worldwide.
The objective on this property is to define a deep drilling target which may lead to the discovery of a Carlin-type gold mineralization hosted in Paleozoic sediments, preferably “lower plate” rocks. This property has already been the subject of several concerted exploration efforts, and although these efforts were directed primarily at discovering near-surface gold/silver resources, the data already collected could substantially aid in the campaign of exploring for deeper Carlin-type targets.
A technical report on the Good Hope Property was prepared by Donald Jennings B. Sc. Licensed Professional Geologist (Idaho, No. 404). The purpose of this report was to provide an independent evaluation of the exploration potential of the Good Hope property, and to summarize the data on which this assessment is based. Furthermore, recommendations were made to undertake specific exploration programs in order to determine the extent of precious metals mineralization as it is currently known and understood on this property. This report conforms to the guidelines of NI 43-101.
Reno Gold Corp. has completed the Good Hope Property CSAMT Survey and GIS Database. The conclusions and recommendations by James L. Wright M. Sc. have defined the Company’s 2007 drill targets.
I can't imagine. Calm before the storm...
It does move very easily because of the low float. Very little buying pressure moves it up nicely...think what will happen on days where a few million shares are traded.
PR from October appointing Paul Diana as new President and CEO.
Discusses higher PPS for shareholders as milestones are hit.
VAUGHAN, ON--(MARKET WIRE)--Oct 16, 2007 -- Reno Gold Corp. (Other OTC:RNGG.PK - News) is pleased to announce the appointment of Paul Diana CFA. MBA. as the new President and
CEO of the company.
Talal Chehab, Secretary Treasurer of Reno Gold Corp., comments, "Mr.Diana's appointment is a huge development for the company. He brings years of experience in the public markets to his new position as president and CEO. Mr. Diana has worked at the highest levels of management at HSBC Financial, BMO Nesbitt Burns, and Bank of Montreal . His industry contacts in the financial sector will be an immediate benefit to the company. Our former President and CEO, Ray Paquette, will stay on with the company as head of our newly created advisory board. Reno Gold Corp. now has the benefit of significant expertise in the financial and geological aspects of running a public exploration company. A strong team should yield considerable results to the benefit of all our shareholders."
"Reno Gold Corp. offered me the opportunity to manage this company and I was glad to accept," said Mr. Diana. "The company has exceptional land positioning in Nevada and the timing for expansion is excellent given the rising price of gold. I intend to move aggressively to get the Nevada project moving forward and I intend to embark on initiatives to raise the profile of the company in the investment community. The share structure should yield a higher price per share for our stock as we hit milestones on the business development side."
http://biz.yahoo.com/iw/071016/0315855.html
This moves in big increments. Blink of an eye we are at .30 and up.
.30 is about the lowest shares have been avaliable at. It has been moving to .26 in some trading session but doesnt stay there for long. .30 is a good price to get in on this one as it has a ton of potenital and a drilling project that should be beginning shortly.
You will be just fine with that, you watch
Yes, I think anything under .35 is a steal here before the storm.
Down for the day already....YEA!
Good thing the rest of the portfolio is looking good
No not yet....ended up getting filled at .30
Oh well.
Whoever got those .25's congrat. Those should pay off big here shortly.
Did you get your shares?
Accumulation going on. Me thinks word is spreading about this gold mine
I doubt youll be able to get anything under .30....Some nice volume today.
No way. I don't believe you will get those baby's :)
Does someone want to sell to me at .26? It doesn't seems like any of the MM want to :)
Good Hope Property is a very desired area for gold.
On the 6th of June, 2006, Reno Gold Corp. purchased a 60% in the Good Hope Property which is in year two of a three year exploration program. The Good Hope Property is located in Elko County, Nevada. Nevada accounts for most of America’s gold production. The 2000 acre property is adjacent to Jerritt Canyon Mines which has produced over 12,000,000 ounces of gold to date.Further acquisitions, strategic partnerships and opportunities relating to our business plan will be part of our ongoing growth and development.
Congrats, yes the area is key here. Good time to lock in a position here. Most will have to chase these once major news is released.
I think youll like what you see. The Good hope property is in a very high producing area and once drilling starts the fun will begin.
I sure hope so....with minimal DD today I picked up some shares. After some more DD more shares might be added.
Drilling is imminent
I agree. I have also looked at a lot of gold prospects and think that this one has a ton of potential. The area that they are in has huge deposits and once the drilling begins watch out.
It is close. Should be hearing some sort of update soon. After exhausting research, I have decided that RNGG is the best gold play anywhere. The potential is huge here with the area they are in.
Been buying this for 2 months...I think it's close to GO time.
Huge buys going through today
Yes he does;
hahah GordonGecko does :)
Huge accumulation going on. Someone definitely knows what coming
big accumulation going on here :)
Was that you just now?
Yes, I watched it go from .09 to .30 very quickly and easily. I think with that float and any good news on the horizon, this thing blows up.
yup im hearing we will see news very soon...and with a float of 4 million should move higher easily :)
Just checkin :) Think the next month will be big here
of course...!
You still high on RNGG Gecko?
Shareholder update. The price for gold is much higher now than noted here.
VAUGHAN, ON--(MARKET WIRE)--Sep 25, 2007 -- Reno Gold Corp (Other OTC:RNGG.PK - News) ( the "Company") is pleased to announce a shareholder update
"Our company is very busy preparing our program for the Good Hope Property," said Talal Chehab, Secretary Treasurer of Reno Gold Corp. "The process of identifying rigs for drilling, closing off the permitting, and securing staffing is well under way. We also expect to be able to move forward on financing options for our program on the Good Hope Project. Reno Gold Corp has been speaking to a number of sources for funding in Canada and the USA. Our strong land position in the Carlin Trend makes us an attractive investment alternative in the junior mining sector."
"The recent move by gold to the $735 USD per ounce mark, gives our company the blue sky that many investors are looking for in a junior gold mining company," said Mr. Chebab. "Our company is in an area in Nevada which has major names like Newmont and numerous juniors in the USA and Canada. The State of Nevada as a stand alone country would rank fourth in the world for gold production behind South Africa, Australia and China. The state has some of the largest gold deposits on the planet, with the most significant discoveries occurring in the Carlin Trend. Nearly 60 million ounces of gold have been produced from the Carlin Trend and 120 million ounces remain in the ground."
In closing, Mr. Chebab said, "We will look to close a funding in the next 60 days. This will be done at much higher prices and will not be done on a dilutive basis. If we do everything right here we expect the share price to be much higher."
http://biz.yahoo.com/iw/070925/0306377.html
Not only Jerritt Canyon mines but Newmount and Getchell Gold are right there. Can't wait for the drilling results--this looks very promising.
I have been reading up about the area. I didn't realize how huge the potential is here. December should be huge here with the digs, so now is a great time to be looking at RNGG.
I looked at some comparable stocks/companies that are in the area. WOW
It is one of the richest areas in the world.
The float has shrunk in the last few months.
Followers
|
19
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
657
|
Created
|
05/23/07
|
Type
|
Free
|
Moderators |
Market Value1 | $405,443 | a/o Jun 08, 2015 | |
Authorized Shares | 100,000,000 | a/o Jun 01, 2012 | |
Outstanding Shares | 33,786,904 | a/o Jun 01, 2012 | |
-Restricted | Not Available | ||
-Unrestricted | Not Available | ||
Held at DTC | Not Available | ||
Float | 9,181,361 | a/o Jun 19, 2008 |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |