I joined the Renaissance Gold team in 2017 following the acquisition of my former company, Kinetic Gold Corp. by Renaissance. We considered the consolidation of these two prospect generator companies, competing in the same jurisdiction, with complementary project portfolios to be a strongly accretive opportunity. After more than 2 years, our vision is materializing and we have advanced the Company to be the premier prospect generator in Nevada. We have developed significant deal flow and have generated a portfolio of high-quality exploration targets, with more than 5 of our projects drill tested with partner funding in each of the past 2 years.
As a result of our continuing generative exploration work and ability to attract strong funding partners, we might be on the verge of the next big gold discovery in Nevada. AngloGold Ashanti’s drilling on our Silicon Project has generated significant industry interest and their CEO recently made very positive public comments about the Silicon Project. In the near term, this deal has the potential to bring in meaningful, non-dilutive funding and in the longer term generate a revenue stream from the retention of a production royalty, both representing significant, and potentially material developments for the Company.
Renaissance Gold is on a positive track, with expectations of significant partner funded drilling on several of our projects again in 2020. With a proven joint venture business model strategy and the top generative exploration team in Nevada, we think its only a matter of time until we deliver the next discovery and reward our shareholders with another major success.
Robert P. Felder
President and Chief Executive Officer