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Renegade Gold Drilling Continues to Intersect High-Grade Gold; Expands width of Mineralization at Newman Todd in Red Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Renegade Gold Inc. (TSXV: ...
About this update from Renegade Gold Inc.
[{"type":"text","content":"Renegade Gold Drilling Continues to Intersect High-Grade Gold; Expands width of Mineralization at Newman Todd in Red Lake, OntarioVancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) (FSE: 070) (\"Renegade\" or the \"Company\") is pleased to report initial results from the second phase of drilling at its advanced Newman Todd Deposit (Table 1). Drilling to date has successfully increased mineralization at depth by an additional 500 m, confirming the deposit extends down from surface to just over 800 m. Of particular importance, the results have also increased the overall width of the structure by up to 100 m near surface and confirmed new high-grade corridors within the hanging wall of the Newman Todd Structure. HighlightsWidth of Newman Todd mineralization increased by up to 100 m near surface. Holes NT-24-017 and NT-24-018 specifically targeted an underexplored area in the footwall of the Newman Todd. The strong mineralization intersected by both holes from the east side of the Newman Todd Structure confirms a significant increase in the near-surface mineralization.Hole NT-23-017 intersected 9.2 g/t Au over 2.7 m, 4.5 g/t Au over 2.5 m and 2.4 g/t Au over 18.0 m. These results add approximately 75 m width to the Newman Todd Structure in the shadow of previous drilling (Figures 1 and 2).Hole NT-23-018 intersected 9.8 g/t Au over 1.5 m and 2.8 g/t Au over 8.5 m, including 8.1 g/t Au over 1.0 m and 3.4 g/t Au over 4.4 m (Figures 1 and 3). These results add approximately 100 m width to the Newman Todd Structure below previous drilling.Results confirm significant down dip potential of the Newman Todd Structure. Hole NT-23-016 intersected 4.9 g/t Au over 2.5 m at approximately 650 m below surface. Previous drilling was limited to a single hole at 835 m depth (Figures 1 and 2).Hole NT-24-016 encountered strong mineralization in the 400 m gap between historical drilling and hole NT-129, further increasing continuity of the current geological model. Through ongoing analysis of the 2024 results, Renegade has identified significant geological parallels to other gold zones within the regional deformation fold corridor, which includes West Red Lake Gold's Rowan Deposit and Mount Jamie Zone. These insights will guide ongoing exploration at the Newman Todd Deposit and other prospe...