logo-loader
viewRenegade Exploration Ltd

Overland Resources defines gold corridor at Rio Negro, Columbia.

au_south_america350_52d4635dd8e47.jpg

Overland Resources (ASX:OVR) has received final gold assays from soil and outcrop geochemistry at its Rio Negro project in Colombia.

The work program was designed to better define the areas of gold anomalism identified in previous mapping and rock-chip sampling programs at the central and northern target zones.

A total of 53 soil samples were collected along ridge lines, with results up to 9940 parts per billion gold, indicating the presence of an  anomalous gold-in-soil corridor trending broadly east-west.

This zone extends over at least 600 metres and is approximately 200 metres wide.

Notably, the orientation of this corridor is consistent with the structures believed to feed from the Bucaramanga Fault to the California goldfields further to the east.

The Rio Negro Project comprises 3 contiguous concession contracts and 3 pending concession applications covering  2,245 hectares of prospective ground along the Bucaramunga Fault Zone.

It is interpreted to lie at the intersection of the deep seated Bucaramunga Fault Zone and another oblique north-west trending structure that hosts the 10 million ounce Angostura and the 3.5 million ounce La Bodega gold deposits in the California gold fields.

Overland Resources secured an option to earn a 90% interest in the Project from Colombian Mines Corporation (TSXV:CMJ) in September 2013 and commenced initial field work in October.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Renegade Exploration Ltd

Price: 0.003 AUD

ASX:RNX
Market: ASX
Market Cap: $2.14 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Renegade Exploration Ltd named herein, including the promotion by the Company of Renegade Exploration Ltd in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Renegade Exploration has drilled only 5/9 high priority targets, already...

Mark Wallace, non-executive director of Renegade Exploration Ltd (ASX:RNX), stops by Proactive Investors to discuss the completion of a 285-hole, 23,789-metre first pass aircore drilling program at the camp scale Yandal East Gold Project in Western Australia. Follow up drilling is already...

on 18/9/18

2 min read