viewRenegade Exploration Ltd

Renegade Exploration begins follow-up drilling at three high-priority gold targets

The company is well-funded to continue exploration with about $1.6 million in the bank.

Program budgeted to cost less than $250,000

Renegade Exploration Ltd (ASX:RNS) has commenced a follow up aircore program at its Yandal East Gold Project in Western Australia located 25 kilometres east of Northern Star’s (ASX:NST) Jundee operation.

Yandal East comprises about 320 square kilometres of granted tenure, covering 70 strike kilometres of underexplored, prospective greenstone within the world class Yandal Greenstone Belt.

In August 2018, Renegade completed its inaugural aircore program at Yandal East for 23,789 metres, testing five of its original nine high priority targets.

Promising drill results were received from Coralie Jean, Mizina, Ward and Millrose Extension Prospects identifying thick mineralisation at multiple targets.

Gold grades up to 10.55 g/t were intersected at Coralie Jean, 4.61 g/t at Ward and up to 2.56 g/t at Mizina with values greater than 1 g/t gold also returned from Mizina South and Millrose Extension.

READ: Renegade Exploration encouraged by aircore drilling success at Yandal East Gold Project

From these results an additional five high priority targets have been identified in consultation with Jon Hronsky, Renegade’s consulting geologist.

Three of the five new high priority targets are to be tested as part of the current drilling program and are located at Mizina, Ward and Millrose Extension.

Quick facts: Renegade Exploration Ltd

Price: 0.005 AUD

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

2 min read