Renegade Gold Intersects 14.0 g/t Au over 7.3 m at Newman Todd Gold Project in Red Lake, Ontario
Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) has reported promising results from its second phase of drilling at the Newman Todd Gold Project in Red Lake, Ontario. Hole NT-24-019 intersected 14.0 g/t Au over 7.3 m, including 28.3 g/t Au over 3.5 m at 200 m below surface. This high-grade gold mineralization was found at the intersection of the Hinge Fault and the Newman Todd deposit, confirming the company's new geological model.
The drilling has successfully extended the mineralization at depth by an additional 500 m, proving that the deposit now extends from surface to over 800 m. These results support Renegade's updated geological model, which suggests potential for new, high-grade zones within the 2.2 km long Newman Todd strike. Future drilling will focus on areas down plunge from the Hinge Fault intersection and previously undrilled areas.
Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) ha riportato risultati promettenti dalla sua seconda fase di perforazione presso il Newman Todd Gold Project a Red Lake, Ontario. Il pozzo NT-24-019 ha inciso 14,0 g/t Au su 7,3 m, inclusi 28,3 g/t Au su 3,5 m a 200 m di profondità. Questa mineralizzazione aurifera di alta qualità è stata trovata all'incrocio tra la Hinge Fault e il deposito Newman Todd, confermando il nuovo modello geologico dell'azienda.
La perforazione ha esteso con successo la mineralizzazione in profondità di ulteriori 500 m, dimostrando che il deposito si estende ora dalla superficie fino a oltre 800 m. Questi risultati supportano il modello geologico aggiornato di Renegade, che suggerisce potenziale per nuove zone ad alta qualità all'interno della fascia lungo 2,2 km del Newman Todd. Le future perforazioni si concentreranno su aree in discesa dall'intersezione della Hinge Fault e su zone precedentemente non perforate.
Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) ha informado resultados prometedores de su segunda fase de perforación en el Proyecto Newman Todd Gold en Red Lake, Ontario. El pozo NT-24-019 interceptó 14.0 g/t Au sobre 7.3 m, incluyendo 28.3 g/t Au sobre 3.5 m a 200 m de profundidad. Esta mineralización de oro de alta ley se encontró en la intersección de la Hinge Fault y el depósito Newman Todd, confirmando el nuevo modelo geológico de la empresa.
La perforación ha extendido con éxito la mineralización en profundidad por otros 500 m, demostrando que el depósito ahora se extiende desde la superficie hasta más de 800 m. Estos resultados respaldan el modelo geológico actualizado de Renegade, que sugiere un potencial para nuevas zonas de alta ley dentro de los 2.2 km de extensión del Newman Todd. La perforación futura se centrará en áreas hacia abajo desde la intersección de la Hinge Fault y en áreas previamente no perforadas.
레니게이드 골드 주식회사 (TSXV: RAGE) (OTCQX: TGLDF)가 온타리오주 레드 레이크의 뉴먼 토드 골드 프로젝트에서 두 번째 단계의 시추 결과를 보고했습니다. 홀 NT-24-019는 7.3m에서 14.0 g/t Au를 인터셉트했습니다, 이 중 200m 깊이에서 3.5m 동안 28.3 g/t Au가 포함되었습니다. 이 높은 등급의 금 광물화는 힌지 단층과 뉴먼 토드 매장지의 교차점에서 발견되어 회사의 새로운 지질 모델을 확인했습니다.
시추 작업은 추가로 500m 깊이에 있는 광물화를 성공적으로 확장했습니다, 이는 이제 매장지가 표면에서 800m 이상까지 뻗어 있음을 보여줍니다. 이러한 결과는 레니게이드의 업데이트된 지질 모델을 뒷받침하며, 뉴먼 토드 스트라이크 2.2km 길이 내에 새로운 고급 구역이 있을 가능성을 시사합니다. 향후 시추 작업은 힌지 단층 교차점 아래쪽의 지역과 이전에 시추되지 않은 지역에 초점을 맞출 것입니다.
Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) a rapporté des résultats prometteurs de sa deuxième phase de forage au projet Newman Todd Gold à Red Lake, Ontario. Le trou NT-24-019 a intercepté 14,0 g/t Au sur 7,3 m, incluant 28,3 g/t Au sur 3,5 m à 200 m de profondeur. Cette minéralisation aurifère de haute qualité a été trouvée à l'intersection de la Hinge Fault et du dépôt Newman Todd, confirmant le nouveau modèle géologique de l'entreprise.
Le forage a réussi à étendre la minéralisation en profondeur de 500 m supplémentaires, prouvant que le dépôt s'étend désormais de la surface jusqu'à plus de 800 m. Ces résultats soutiennent le modèle géologique mis à jour de Renegade, qui suggère un potentiel pour de nouvelles zones à haute teneur sur la longueur de 2,2 km du Newman Todd. Les forages futurs se concentreront sur des zones en descente à partir de l'intersection de la Hinge Fault et sur des zones encore non forées.
Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) hat vielversprechende Ergebnisse aus der zweiten Phase der Bohrungen im Newman Todd Gold Projekt in Red Lake, Ontario, berichtet. Bohrung NT-24-019 traf 14,0 g/t Au über 7,3 m, darunter 28,3 g/t Au über 3,5 m in 200 m Tiefe. Diese hochgradige Goldmineralisierung wurde an der Kreuzung der Hinge Fault und dem Newman Todd Vorkommen gefunden und bestätigt das neue geologische Modell des Unternehmens.
Die Bohrungen haben die Mineralisierung in der Tiefe erfolgreich um zusätzliche 500 m erweitert, was beweist, dass sich das Vorkommen jetzt von der Oberfläche bis über 800 m erstreckt. Diese Ergebnisse unterstützen das aktualisierte geologische Modell von Renegade, das Potenzial für neue hochgradige Zonen innerhalb des 2,2 km langen Newman Todd Strike vorschlägt. Zukünftige Bohrungen werden sich auf Gebiete konzentrieren, die unterhalb der Kreuzung der Hinge Fault liegen und auf früher nicht bohrende Gebiete.
- High-grade gold intersection of 14.0 g/t Au over 7.3 m, including 28.3 g/t Au over 3.5 m
- Successful extension of mineralization depth by 500 m, now reaching over 800 m from surface
- Confirmation of new geological model indicating potential for additional high-grade zones
- Hole NT-24-020 encountered a fault and experienced significant core loss, resulting in unrepresentative gold mineralization results
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2024) - Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) (FSE: 0702) ("Renegade" or the "Company") is pleased to report further results from the second phase of drilling at its advanced Newman Todd Deposit, which continues to support the Company's new geological model and exploration strategy (Table 1). Hole NT-24-019 intersected 14.0 g/t Au over 7.3 m including 28.3 g/t Au over 3.5 m at 200 m below surface. Drilling has successfully increased mineralization at depth by an additional 500 m, confirming the deposit extends down from surface to just over 800 m to date.
Highlights
- High-Grade Gold Intersections at Key Location: Drilling has confirmed high-grade gold mineralization at the intersection of the Hinge Fault and the Newman Todd deposit. Hole NT-24-019 intersected 14.0 g/t Au over 7.3 m including 28.3 g/t Au over 3.5 m at 200 m below surface (Figures 1 and 2). Hinge is one of multiple faults that intersects the Newman Todd deposit and was the primary focus for phase two drilling.
- Further Confirmation of the New High-Grade Geological Model: The strength of mineralization in hole NT-24-019, together with other recently announced high-grade holes (see Renegade news release dated September 12, 2024) provides strong confirmation of Renegade's updated geological model. The model indicates major potential for new, high-grade zones within the Newman Todd deposit, located where faults intersect the 2.2 km long Newman Todd strike.
- Ongoing Drilling Strategy: Future drilling efforts will focus on areas down plunge from the intersection of the Hinge Fault and Newman Todd Zone. Targets will also include previously undrilled areas, as well as new zones of mineralization within the hanging wall and foot wall of the Newman Todd structure.
Nav Dhaliwal, President and CEO for Renegade, commented, "These new results are further confirmation that the mineralized system Newman Todd is far larger, and much higher grade, than was previously understood. The new model of mineralization developed by our team earlier this year has resulted in superb drill targeting - extending the deposit in width and depth, and now returning some of the strongest grades drilled on the property to date."
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/9850/224444_4f3bc9d4b4cc9a8b_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-24-019).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9850/224444_4f3bc9d4b4cc9a8b_002full.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-24-019 | 453.0 | 25 | -50 | 343.4 | 350.7 | 7.3 | 14.0 |
| inc. | 346.0 | 349.5 | 3.5 | 28.3 |
Hole NT-24-020 encountered a fault and experienced significant core loss at the target depth, resulting in unrepresentative gold mineralization results for this hole.
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.
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; that all requisite approvals will be received, 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/224444
FAQ
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