Gold major AngloGold Ashanti has elected to complete the purchase of an option on the Silicon gold project, in Nevada, US.
AngloGold would make the final payment of $2.4-million out of a total $3-million to purchase the option, TSX-V-listed Renaissance Gold said on Thursday.
"We are very pleased that AngloGold has received enough encouragement from their drilling to date to elect to complete the option and make the final payment to RenGold.