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Renegade Gold Expands Drill Program to 25,000 m in Red Lake; Targets New High-Grade Zones
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2024) - Renegade Gold Inc. (TSXV: RAGE...
About this update from Renegade Gold Inc.
[{"type":"text","content":"Renegade Gold Expands Drill Program to 25,000 m in Red Lake; Targets New High-Grade ZonesVancouver, British Columbia--(Newsfile Corp. - April 30, 2024) - Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) (FSE: 070) (\"Renegade\" or the \"Company\") is pleased to announce an expansion of its current drill program from 10,000 m to 25,000 m at the Newman Todd gold deposit in Red Lake, Ontario (Figure 1). Drilling will target multiple high-grade extensions along the 2.2 km deposit strike. While previous drilling has focused on widespread mineralization within the upper 300 m of the deposit, the latest analysis by Renegade geologists indicates strong potential for additional high-grade mineralization at depth. Step out drilling encountered high-grade mineralization, including 8.35 g/t Au over 3.5 m at a depth of 400 m below surface and 5.0 g/t Au over 9.5 m at a depth of 550 m below surface (Figure 2) (see Renegade news release dated February 26, 2024). Additionally, the program will include follow-up drilling at the Rivard Zone, approximately 400 m west of the deposit. The Rivard holes will focus on a high-priority target area where prior drilling returned results such as 355.0 g/t Au over 1.0 m (RV-02-03).In conjunction with the drilling expansion at Newman Todd, Renegade Gold will ramp up exploration activities adjacent to West Red Lake Gold's Madsen Mine and across its regional properties, all of which contain highly prospective structures known to host gold mineralization in the Red Lake area. Planned activities include airborne magnetic and LiDAR surveys and detailed mapping and sampling at the prospect scale, starting in late spring 2024. These activities are designed to refine existing targets and identify new drilling opportunities. Figure 1. Plan map of the Newman Todd Project showing drilling and modelled gold mineralization projected to surface.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9850/207319_4ff6f6b5e49839de_001full.jpgFigure 2. Cross section at the Newman Todd Project showing recent step out drilling extending mineralization at depth (NT-23-002).To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9850/207319_4ff6f6b5e49839de_002full.jpgThe technical content of this news release has been reviewed and approved by ...