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Home > News > Renegade Gold extends...

Renegade Gold extends high-grade and discovers new zone at Newman Todd

May 9, 2024


Renegade Gold Inc. is reporting additional results from the first phase of drilling at its advanced Newman Todd Deposit in Red Lake. In what constitutes the first major program targeting below 300 m, drilling has successfully extended high-grade gold mineralization in multiple holes to a depth of more than 750 m. Of particular note, drilling has also identified a new Hanging Wall (HW) Zone of high-grade gold that will be prioritized for further drill testing. Mineralization at Newman Todd remains open to depth and occupies the entire 2.2 km strike length across the property.

Drill Result Highlights

  • Hole NT-24-012 intersected 14.3 g/t Au over 2.8 m and 8.1 g/t Au over 4.7 m. These results extend high-grade gold mineralization more than 350 m below the previous drilling horizon (Figures 1 & 3). 
  • Hole NT-24-015 intersected 9.7 g/t Au over 1.5 m and 7.1 g/t Au over 1.5 m. These results extend high-grade gold mineralization to a depth of 760 m below surface and follow up on previously announced step out results including 5.0 g/t over 9.0 m in hole NT-23-002 and 8.7 g/t Au over 20.4 m in hole NT-22-212 (Figures 1 & 2).
  • New, high-grade HW Zone: Eight holes encountered significant new HW structures including 15.7 g/t Au over 1.0 m in hole NT-23-004, 18.1 g/t Au over 1.1 m in hole NT-23-005 and 7.0 g/t Au over 2.0 m in hole NT-24-011 (Figure 1).

The ongoing drilling targeting the intersection of the Newman Todd Structure and the Hinge fault continues to deliver high-grade results at depth. High-grade extensions in multiple drill holes to more than 750 m demonstrates grade continuity and increased confidence in current geological models, including the importance of east-west structures (Figure 4). The Renegade technical team continues to refine the geological model and identify additional intersecting structures that would provide a conduit for high-grade gold mineralization. 

In addition to the success at extending Newman Todd at depth, multiple drill holes have intersected a new, near surface, high-grade HW Zone (Table 1). Work is underway to model these new structures and plan subsequent drilling for further definition. The identification of a new, near surface gold zone is encouraging to use the new models and data to explore adjacent host rocks to unlock the full potential of discrete gold domains within the Newman Todd property that was previously considered a low-grade, bulk tonnage deposit.

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Figure 1. Plan map of the Newman Todd Project showing latest drill results with modelled gold mineralization projected to surface.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9850/208523_f0123f13b4032b54_001full.jpg

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Figure 2. Cross section A-A' at the Newman Todd Project looking east, showing recent step out drilling extending mineralization at depth (NT-23-002 and NT-24-015). 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9850/208523_f0123f13b4032b54_002full.jpg

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Figure 3. Cross section B-B' at the Newman Todd Project looking east, showing recent step out drilling extending mineralization at depth (NT-24-011 and NT-24-012). 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9850/208523_f0123f13b4032b54_003full.jpg

Image removed.
Figure 4. Newman Todd 3D model showing the Newman Todd Zone and Hinge Fault.



Tags: Northern Ontario / Exploration / Gold / All Articles