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Renegade Exploration Ltd

Renegade Exploration trades higher as activity heats up in the Yandal Greenstone Belt

The Yandal Greenstone Belt has produced over 15 million ounces of gold.

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Investors will await the first assays

Renegade Exploration Ltd (ASX:RNX) continues to attract investors as the company advances exploration in the world-class Yandal Greenstone Belt advance.

In early trade, Renegade shares have gained 7.1% to 1.5 cents, with close to seven million changing hands.

A month ago shares traded at 1 cent.

Renegade's aircore drilling program will cover up to 25,000 metres at its Yandal East project in the gold-rich Yandal Greenstone Belt of Western Australia.

WATCH: Renegade Exploration commencing maiden drill program at Yandal Greenstone Belt

Renegade's project is around 40 kilometres to the north of Northern Star Resources Ltd (ASX:NSR) 10 million gold ounce Jundee project.

Active area

As Renegade seeks another major gold project in this elephant country, it is also leveraged to the results of other explorers, including Alloy Resources (ASX:AYR) and Draig Resources Ltd (ASX:DRG).

Other gold projects in the region 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.

Quick facts: Renegade Exploration Ltd

Price: $0.00

Market: ASX
Market Cap: $1.78 m
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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