Renegade Gold Drilling Continues to Intersect High-Grade Gold; Expands width of Mineralization at Newman Todd in Red Lake, Ontario
Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDF) reports successful drilling results from its Newman Todd Deposit in Red Lake, Ontario. Key highlights include:
1. Increased mineralization width by up to 100 m near surface
2. Extended mineralization depth by an additional 500 m, now reaching over 800 m from surface
3. Confirmed new high-grade corridors in the hanging wall
4. Hole NT-24-017 intersected 9.2 g/t Au over 2.7 m and 2.4 g/t Au over 18.0 m
5. Hole NT-24-018 intersected 9.8 g/t Au over 1.5 m and 2.8 g/t Au over 8.5 m
6. Hole NT-24-016 intersected 4.9 g/t Au over 2.5 m at approximately 650 m depth
These results significantly expand the known mineralization and suggest potential for further growth at the Newman Todd project.
Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDF) riporta risultati di perforazione di successo dal suo deposito Newman Todd a Red Lake, Ontario. I punti salienti includono:
1. Aumento della larghezza di mineralizzazione fino a 100 m vicino alla superficie
2. Estensione della profondità di mineralizzazione per ulteriori 500 m, ora raggiungendo oltre 800 m dalla superficie
3. Conferma di nuovi corridoi ad alta gradazione nella parete superiore
4. Il foro NT-24-017 ha intersecato 9,2 g/t Au su 2,7 m e 2,4 g/t Au su 18,0 m
5. Il foro NT-24-018 ha intersecato 9,8 g/t Au su 1,5 m e 2,8 g/t Au su 8,5 m
6. Il foro NT-24-016 ha intersecato 4,9 g/t Au su 2,5 m a una profondità di circa 650 m
Questi risultati ampliano significativamente la mineralizzazione conosciuta e suggeriscono potenziale per ulteriori sviluppi nel progetto Newman Todd.
Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDF) informa sobre resultados exitosos de perforación en su depósito Newman Todd en Red Lake, Ontario. Los aspectos destacados incluyen:
1. Aumento del ancho de mineralización de hasta 100 m cerca de la superficie
2. Ampliación de la profundidad de mineralización por 500 m adicionales, alcanzando ahora más de 800 m desde la superficie
3. Confirmación de nuevos corredores de alta ley en la pared superior
4. El agujero NT-24-017 intersectó 9,2 g/t Au sobre 2,7 m y 2,4 g/t Au sobre 18,0 m
5. El agujero NT-24-018 intersectó 9,8 g/t Au sobre 1,5 m y 2,8 g/t Au sobre 8,5 m
6. El agujero NT-24-016 intersectó 4,9 g/t Au sobre 2,5 m a aproximadamente 650 m de profundidad
Estos resultados expanden significativamente la mineralización conocida y sugieren potencial para un mayor crecimiento en el proyecto Newman Todd.
Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDF)는 온타리오주 레드 레이크의 뉴먼 톳 매장지에서 성공적인 시추 결과를 보고했습니다. 주요 사항은 다음과 같습니다:
1. 표면 근처에서 100 m까지 광물화 폭 증가
2. 광물화 깊이를 추가로 500 m 연장하여 현재 표면에서 800 m 이상에 도달
3. 상부 벽에서 새로운 고급 코리도 확인
4. 시추 구멍 NT-24-017에서 9.2 g/t Au를 2.7 m와 2.4 g/t Au를 18.0 m에서 검출
5. 시추 구멍 NT-24-018에서 9.8 g/t Au를 1.5 m와 2.8 g/t Au를 8.5 m에서 검출
6. 시추 구멍 NT-24-016에서 약 650 m 깊이에서 4.9 g/t Au를 2.5 m에서 검출
이 결과는 알려진 광물화를 크게 확장하고 뉴먼 톳 프로젝트의 추가 성장 가능성을 시사합니다.
Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDF) annonce des résultats de forage réussis de son gisement Newman Todd à Red Lake, Ontario. Les points forts comprennent :
1. L’augmentation de la largeur de minéralisation allant jusqu’à 100 m près de la surface
2. L’extension de la profondeur de minéralisation de 500 m supplémentaires, atteignant maintenant plus de 800 m depuis la surface
3. Confirmation de nouveaux corridors de haute teneur dans le mur suspendu
4. Le trou NT-24-017 a intersecté 9,2 g/t Au sur 2,7 m et 2,4 g/t Au sur 18,0 m
5. Le trou NT-24-018 a intersecté 9,8 g/t Au sur 1,5 m et 2,8 g/t Au sur 8,5 m
6. Le trou NT-24-016 a intersecté 4,9 g/t Au sur 2,5 m à environ 650 m de profondeur
Ces résultats élargissent considérablement la minéralisation connue et suggèrent un potentiel de croissance supplémentaire pour le projet Newman Todd.
Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDF) berichtet von erfolgreichen Bohrergebnissen aus seinem Newman Todd Lagerstätten in Red Lake, Ontario. Die wichtigsten Highlights sind:
1. Erhöhung der Mineralisierungsbreite auf bis zu 100 m in der Nähe der Oberfläche
2. Erweiterung der Mineralisierungstiefe um weitere 500 m, die nun über 800 m von der Oberfläche erreicht
3. Bestätigung neuer hochgradiger Corridore in der Hangwand
4. Loch NT-24-017 schnitt 9,2 g/t Au über 2,7 m und 2,4 g/t Au über 18,0 m
5. Loch NT-24-018 schnitt 9,8 g/t Au über 1,5 m und 2,8 g/t Au über 8,5 m
6. Loch NT-24-016 schnitt 4,9 g/t Au über 2,5 m in etwa 650 m Tiefe
Diese Ergebnisse erweitern die bekannte Mineralisierung erheblich und deuten auf Potenzial für weiteres Wachstum im Newman Todd Projekt hin.
- Increased mineralization width by up to 100 m near surface
- Extended mineralization depth by an additional 500 m, now reaching over 800 m from surface
- Confirmed new high-grade gold corridors within the hanging wall
- High-grade gold intersections: 9.2 g/t Au over 2.7 m, 9.8 g/t Au over 1.5 m, and 4.9 g/t Au over 2.5 m at depth
- Improved continuity of the current geological model with new drilling results
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) (FSE: 070) ("Renegade" or the "Company") is pleased to report initial results from the second phase of drilling at its advanced Newman Todd Deposit (Table 1). Drilling to date has successfully increased mineralization at depth by an additional 500 m, confirming the deposit extends down from surface to just over 800 m. Of particular importance, the results have also increased the overall width of the structure by up to 100 m near surface and confirmed new high-grade corridors within the hanging wall of the Newman Todd Structure.
Highlights
- Width of Newman Todd mineralization increased by up to 100 m near surface. Holes NT-24-017 and NT-24-018 specifically targeted an underexplored area in the footwall of the Newman Todd. The strong mineralization intersected by both holes from the east side of the Newman Todd Structure confirms a significant increase in the near-surface mineralization.
- Hole NT-23-017 intersected 9.2 g/t Au over 2.7 m, 4.5 g/t Au over 2.5 m and 2.4 g/t Au over 18.0 m. These results add approximately 75 m width to the Newman Todd Structure in the shadow of previous drilling (Figures 1 and 2).
- Hole NT-23-018 intersected 9.8 g/t Au over 1.5 m and 2.8 g/t Au over 8.5 m, including 8.1 g/t Au over 1.0 m and 3.4 g/t Au over 4.4 m (Figures 1 and 3). These results add approximately 100 m width to the Newman Todd Structure below previous drilling.
- Results confirm significant down dip potential of the Newman Todd Structure. Hole NT-23-016 intersected 4.9 g/t Au over 2.5 m at approximately 650 m below surface. Previous drilling was limited to a single hole at 835 m depth (Figures 1 and 2).
- Hole NT-24-016 encountered strong mineralization in the 400 m gap between historical drilling and hole NT-129, further increasing continuity of the current geological model.
- Through ongoing analysis of the 2024 results, Renegade has identified significant geological parallels to other gold zones within the regional deformation fold corridor, which includes West Red Lake Gold's Rowan Deposit and Mount Jamie Zone. These insights will guide ongoing exploration at the Newman Todd Deposit and other prospective areas.
Nav Dhaliwal, President and CEO for Renegade, commented, "Renegade Gold's 2024 drilling at the high-grade Newman Todd deposit has been a huge success and it speaks to the quality of our technical team, as well as the incredible potential of the project. In just one program, we have extended mineralization by an additional 500 m in depth and 100 m in width and have identified a number of new mineralized areas. The rapid growth we're seeing at Newman Todd suggests we've only just begun to unlock the value of this project, and the team is now hard at work planning our next steps."
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/9850/223050_223acbc314fb883e_001full.jpg
Figure 2. Cross section A-A' at the Newman Todd Project looking east, showing recent step out drilling extending width of mineralization and at depth (NT-24-016 and NT-24-017).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9850/223050_223acbc314fb883e_002full.jpg
Figure 3. Cross section B-B' at the Newman Todd Project looking east, showing recent step out drilling extending width of mineralization and at depth (NT-24-018).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9850/223050_223acbc314fb883e_003full.jpg
Table 1. Newman Todd Drill Result Highlights
| Hole ID | Hole Length (m) | Azimuth (deg.) | Dip (deg.) | From (m) | To (m) | Length (m) | Au (g/t) |
| NT-24-016 | 876.0 | 300 | -72 | 700.0 | 702.5 | 2.5 | 4.9 |
| NT-24-017 | 417.0 | 348 | -51 | 196.4 | 198.9 | 2.5 | 4.5 |
| 252.5 | 255.2 | 2.7 | 9.2 | ||||
| 280.7 | 298.7 | 18.0 | 2.4 | ||||
| Inc. | 296.0 | 298.7 | 2.7 | 8.2 | |||
| NT-24-018 | 590.0 | 10 | -59 | 342.0 | 343.5 | 1.5 | 9.8 |
| 367.0 | 375.5 | 8.5 | 2.8 | ||||
| Inc. | 367.0 | 368.0 | 1.0 | 8.1 | |||
| and | 371.1 | 375.5 | 4.4 | 3.4 |
About Newman Todd
The
Recent drilling has given strong confidence that the Newman Todd structure and associated HG gold structures continue beyond a depth of 700 m, beyond double of the previous drill horizon. Increased intercepts of gold mineralization in the HW of the NTZ support that gold mineralization is more widespread than historically thought.
QA/QC
Drill core is logged and sampled at a secure core processing facility in Red Lake, Ontario. Core samples from the drill program are cut in half using a diamond cutting saw with half sent for assay at SGS Laboratories Ltd. in Red Lake, Ontario. The other half is secured and retained at a secure storage facility. All samples are analyzed for gold using standard Fire Assay-AA techniques. Samples returning greater than 10.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric methods. In addition to SGS internal QAQC procedures, certified reference materials, blanks and duplicates are routinely inserted into the sample stream as part of Renegades quality control/quality assurance program. Results are monitored regularly for contamination and accuracy.
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.
The Company also announces that further to its news release of August 8, 2024, it has closed its debt settlement transaction whereby the Company settled
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 recent completion of the acquisition of Pacton Gold Inc. extends the Company's ownership in Red Lake to over 89,600 hectares of prospective and diversified exploration properties with significant potential for gold and critical minerals on trend with the major structures hosting known gold occurrences in the Red Lake mining district today.
For further information, please contact:
Renegade Gold Inc.
Nav Dhaliwal
President, CEO and Director
info@renegadegold.com
Tel: 604-678-5308
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note regarding Forward-Looking Statements
Statements contained in this press release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. The words "anticipate," "significant," "expect," "may," "will" and similar expressions are intended to be among the statements that identify Forward-Looking Information. Forward-Looking Information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. In preparing the Forward-Looking Information in this press release, the Company has applied several material assumptions, including, but not limited to, assumptions that general business and economic conditions will not change in a materially adverse manner and all requisite information will be available in a timely manner. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, risks related to unforeseen delays, general economic, market or business conditions, regulatory changes, timeliness of regulatory approvals, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this Forward-Looking Information. The Company does not assume the obligation to revise or update this Forward-Looking Information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223050
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