A closer look at the Encore Renaissance Resources (TSX-Venture:EZ) chart shows a stock that is sitting above a multi-year double bottom pattern. One bounce has already happened in recent weeks which yielded 200 percent returns. With a brief pullback making a higher low, the chart looks ready to make another climb and potentially break the resistance in the area of 4 cents.

This morning, the company announced that it has added 243 hectares of highly prospective ground to the Bonaparte Gold Property. EZ has acquired from BCT Mining Corp. a 100% interest in the Bona NE (Bonaparte North-East) mineral claim # 606387. The new claim directly adjoins EZ’s claim block and is less than 2000 meters from the Bonaparte Gold discovery zone and the current Bonaparte Gold Bulk Sample Project. Under the terms of the Assignment Agreement, BCT has agreed to assign the claims to EZ for total consideration of $456,640. BCT will also retain a 2% NSR, of which EZ retains the right to buyback 50% for $1,000,000 should the property go into commercial production.

Encore Renaissance Resources (TSX-V:EZ) Stock Quote and News:

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