Renegade Gold expands drill program to 25,000m in Red Lake
Renegade Gold Inc. has announced an expansion of its current drill program from 10,000 m to 25,000 m at the Newman Todd gold deposit in Red Lake. Drilling will target multiple high-grade extensions along the 2.2 km deposit strike. While previous drilling has focused on widespread mineralization within the upper 300 m of the deposit, the latest analysis by Renegade geologists indicates strong potential for additional high-grade mineralization at depth. Step out drilling encountered high-grade mineralization, including 8.35 g/t Au over 3.5 m at a depth of 400 m below surface and 5.0 g/t Au over 9.5 m at a depth of 550 m below surface.
Additionally, the program will include follow-up drilling at the Rivard Zone, approximately 400 m west of the deposit. The Rivard holes will focus on a high-priority target area where prior drilling returned results such as 355.0 g/t Au over 1.0 m (RV-02-03).
In conjunction with the drilling expansion at Newman Todd, Renegade Gold will ramp up exploration activities adjacent to West Red Lake Gold's Madsen Mine and across its regional properties, all of which contain highly prospective structures known to host gold mineralization in the Red Lake area. Planned activities include airborne magnetic and LiDAR surveys and detailed mapping and sampling at the prospect scale, starting in late spring 2024. These activities are designed to refine existing targets and identify new drilling opportunities.
Figure 1. Plan map of the Newman Todd Project showing drilling and modelled gold mineralization projected to surface.
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Figure 2. Cross section at the Newman Todd Project showing recent step out drilling extending mineralization at depth (NT-23-002).
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The technical content of this news release has been reviewed and approved by Dale Ginn, P.Geo., the Executive Chair and director of the Company and a Qualified Person pursuant to National Instrument 43-101.
About Renegade Gold Inc.
Renegade Gold Inc. is a growth focused company engaged in the business of acquisition, exploration and development of mineral properties located in the Red Lake Mining District of Northern Ontario. As part of its regional-scale consolidation strategy, the Company has assembled one of the largest prospective land packages in and around the Red Lake Mining District in proximity to major mines and deposits, as well as along the Confederation Lake and Birch-Uchi greenstone belts. The 89,600 hectares prospective and diversified exploration portfolio has significant potential for gold and critical minerals on trend with the major structures hosting known gold occurrences in the Red Lake mining district today.
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