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Renegade Gold Extends High-Grade Mineralization and Discovers New Zone at Newman Todd Project in Red Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2024) - Renegade Gold Inc. (TSXV: RAGE) (...
About this update from Renegade Gold Inc.
[{"type":"text","content":"Renegade Gold Extends High-Grade Mineralization and Discovers New Zone at Newman Todd Project in Red Lake, OntarioVancouver, British Columbia--(Newsfile Corp. - May 9, 2024) - Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) (FSE: 070) (\"Renegade\" or the \"Company\") is pleased to report additional results from the first phase of drilling at its advanced Newman Todd Deposit in Red Lake, Ontario. In what constitutes the first major program targeting below 300 m, drilling has successfully extended high-grade gold mineralization in multiple holes to a depth of more than 750 m. Of particular note, drilling has also identified a new Hanging Wall (HW) Zone of high-grade gold that will be prioritized for further drill testing. Mineralization at Newman Todd remains open to depth and occupies the entire 2.2 km strike length across the property.Drill Result HighlightsHole NT-24-012 intersected 14.3 g/t Au over 2.8 m and 8.1 g/t Au over 4.7 m. These results extend high-grade gold mineralization more than 350 m below the previous drilling horizon (Figures 1 & 3). Hole NT-24-015 intersected 9.7 g/t Au over 1.5 m and 7.1 g/t Au over 1.5 m. These results extend high-grade gold mineralization to a depth of 760 m below surface and follow up on previously announced step out results including 5.0 g/t over 9.0 m in hole NT-23-002 and 8.7 g/t Au over 20.4 m in hole NT-22-212 (Figures 1 & 2).New, high-grade HW Zone: Eight holes encountered significant new HW structures including 15.7 g/t Au over 1.0 m in hole NT-23-004, 18.1 g/t Au over 1.1 m in hole NT-23-005 and 7.0 g/t Au over 2.0 m in hole NT-24-011 (Figure 1).The ongoing drilling targeting the intersection of the Newman Todd Structure and the Hinge fault continues to deliver high-grade results at depth. High-grade extensions in multiple drill holes to more than 750 m demonstrates grade continuity and increased confidence in current geological models, including the importance of east-west structures (Figure 4). The Renegade technical team continues to refine the geological model and identify additional intersecting structures that would provide a conduit for high-grade gold mineralization. In addition to the success at extending Newman Todd at depth, multiple drill holes have intersected a new, near surface, high-grade HW Zone (Table 1). Work is underway to model these new structures and ...