Proactive Investors - Run By Investors For Investors

Renegade Exploration reveals positive maiden gold drilling results from Coralie Jean

High-grade mineralisation up to 10.55 g/t gold was intersected at the Coralie Jean prospect.
a drill rig
Renegade has started drilling the next targets

Renegade Exploration Ltd (ASX:RNX) has received encouraging initial results from first pass aircore drilling at the Coralie Jean Prospect within its Yandal East Gold Project in Western Australia.

The program consisted of 121 holes for 8,001 metres with mineralisation outlining a previously unidentified gold system present over a strike length in excess of 2.5 kilometres.

Highlight results include:
• 4 metres at 4.47 g/t gold from 12 metres including 1 metre at 10.55 g/t gold from 12 metres;
• 4 metres at 1.40 g/t gold from 21 metres; and
• 2 metres at 2.82 g/t gold from 65 metres including 1 metre at 5.19 g/t gold from 66 metres.


It is worth noting that high-grade mineralisation up to 10.55 g/t gold was intersected around the main Coralie Jean Prospect.

This area had previously returned numerous high-grade rock chip samples but had never been drilled.

The southernmost line returned an assay of 5.19 g/t gold in a previously untested area.

Importantly, the new mineralisation is open in both directions with the nearest drill line 600 metres north of this result.

The Yandal Greenstone Belt has recorded historical production and current resources exceeding 15 million ounces of gold.

The area has been undergoing a renaissance thanks to the application of modern exploration techniques, with Northern Star (ASX:NST) and Echo Resources (ASX:EAR) having notable success to the West and South of Renegade’s tenements.

Renegade is currently reviewing and interpreting all the results received to date to guide future work programs at Yandal East.

The company has already started drilling at the Millrose Extension and Millrose West targets within the project area.

View full RNX profile View Profile

Renegade Exploration Ltd Timeline

Related Articles

Vanadium periodic table on yellow cube
November 15 2018
Shares of the miner have more than doubled since April, not on recent results but on future prospects in uranium and vanadium
October 23 2018
The company is the maker of the product Super Greensand - a multi -nutritional fertilzer, which contains 70 elements and trace minerals
June 27 2018
Metalla's royalty portfolio looks set to grow and grow

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use