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Renegade Exploration leveraged to gold news flow from world-class Yandal Greenstone Belt

Neighbours Alloy Resources and Draig Resources have news this week which demonstrates potential for further discoveries.

Road sign in Wiluna region
A 25,000-metre drill program will start at Renegade’s Yandal East Gold Project this quarter

Renegade Exploration Ltd (ASX:RNX) is focused on finding another major gold project in the elephant country that is the Yandal Greenstone Belt near Wiluna in Western Australia’s North Eastern Goldfields.

As Renegade prepares to begin drilling at the Yandal East project this quarter, it is also leveraged to the activity of other explorers active in this proven world-class belt.

READ: Renegade Exploration to drill for gold near 10 million ounce Jundee project

This week Alloy Resources Limited (ASX:AYR) outlined a drilling program in the region while Draig Resources Ltd (ASX:DRG) boosted its ground position to more than 4,500 square kilometres.

The Yandal Greenstone Belt has seen past production exceeding 15 million ounces while Northern Star Resources Ltd’s (ASX:NSR) 10 million ounce plus Jundee Gold Project has been producing since 1995.

Other projects include Blackham Resources Ltd’s (ASX-BLK) Matilda-Wiluna, Echo Resources Limited’s (ASX:EAR) Bronzewing and Saracen Mineral Holdings Limited’s (ASX:SAR) Thunderbox.

25,000-metre drilling program

Renegade has identified nine high-priority targets within the Yandal East project covering about 32 kilometres of strike length.

The company will begin a 25,000-metre drilling program at the project later this quarter.

It has also recently executed an agreement to acquire an exploration licence covering the western edge of the greenstone belt.

This consolidates and complements the company’s extensive existing holdings, and creates a continuous tenement holding to the south from Cowza prospect.

Alloy Resources about to drill

Neighbour Alloy intends to complete about 1,500 metres of reverse circulation drilling at two key prospects – Warmblood and Dusk til Dawn.

Field crews will begin work on Monday, May 14, while two teams will be on site later next week to begin the drilling along with regional and infill soil sampling programs.

Alloy is also planning extensive new soil sampling in the Celia Shear area adjacent to Renegade’s Coralie Jean high-grade quartz discovery.

Draig Resources extends land holding

Draig has secured new target areas - North Jundee, South Yandal and Fisher West – in proximity to its core asset, the high-grade Bellevue Gold Project.

The additional ground is prospective for gold and base metals and Draig is undertaking targeting with the aim of testing later this year.

Drilling is ongoing at Tribune high-grade discovery at Bellevue with a maiden resource estimate expected in the September quarter of 2018.

Quick facts: Renegade Exploration Ltd

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ASX:RNX
Market: ASX
Market Cap: $3.56 m
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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

3 min read