Renaissance Gold is a unique precious metals exploration company consisting of a group of dedicated and experienced professional geologists with a passion for discovery. We are driven to find large gold or silver deposits that can become economically successful commercial mining operations. Deposits of this type are rare and difficult to find but the company have done so in the past with the Long Canyon discovery in eastern Nevada now being mined by Newmont Mining.
Renaissance is a "prospect generator" using the experience and skills of our geologic team to find and acquire quality early stage gold and silver exploration projects. Our team conducts initial exploration on these projects sufficient to develop specific exploration targets and then seeks industry partners who provide funding to test the ideas we develop. We have established over 70 agreements of this type during our 16 years of existence demonstrating the validity of our business model and deal making skills. And most importantly, we have produced a significant discovery that generously rewarded our investors.
Discoveries like Long Canyon are rare but obviously can be found and the company is aggressively pursuing the next discovery by executing its business model and testing new projects every year. Although the past several years have been difficult, we are now testing multiple projects each year enhancing our chances for discovery of the next significant, commercial deposit. We obviously cannot predict exactly when this will happen but given the experience and skills of our team and their passion for discovery, we're confident this will happen and in so doing again reward our partners and patient shareholders.
Thank you for your interest in Renaissance Gold.
Ronald Parratt, Executive Chairman