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Project: | Yandal East | |
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Deposit: | Yandal East | |
Location: | Australia | |
Commodities: | Gold | |
Date: | 9/14/2018 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 14-9-2018: Renegade Exploration Ltd. announces an Exploration/Drilling Update report for its Yandal East deposit at the Yandal East project. Drilling results incl. 10m @ 0.95g/t Au from 78m. Renegade Exploration Limited (ASX:RNX) (the Company or Renegade) | |
Resources: | x | |
CP/QP: | [Overall Report]: Ben Vallerine (Independent) | |
ABSTRACT: | Renegade Exploration Limited (ASX:RNX) (the Company or Renegade) is pleased to advise that it has received all of the results for its recently completed, inaugural, first pass aircore drilling program at its Yandal East Gold Project (Yandal East or the Project). The drilling program was successful, identifying thick mineralisation at multiple targets and generating five new high priority targets. The Company is planning to follow up three of these targets in the next quarter and is well financed to do so. The Company recently completed its inaugural, first pass aircore drilling program at its Yandal East Project. The program consisted of 285 holes for 23,789m and tested five of the original nine high priority targets including Coralie Jean (Y1), Mizina (Y2), Ward (Y3), Millrose Extension (Y5) and Millrose West (Y6). The Company has identified thick mineralisation across multiple prospects. Gold grades up to 4.61 g/t were intersected at Ward and up to 2.56 g/t at Mizina. Some of the thicker intercepts include; Values greater than 1 g/t Au were also returned from Mizina South and Millrose Extension along with a 10.55 g/t Au sample returned from Coralie Jean as announced on 30 July 2018. All significant intercepts are documented in Table 1 with drill collar information provided in Annexure 1. A vast amount of knowledge and data has been gathered as a result of the drilling program. A better understanding of the geology and mineralisation in the target areas has generated five new high priority targets. The targets are contained within the original, larger target areas that were previously developed in conjunction with Jon Hronsky of Western Mining Services. Hronsky has subsequently reviewed the recent results and assisted in the assessment of the five new targets and recommended closer spaced drilling over these targets. The Company is excited to be able to drill these new targets so soon after their identification. The new targets all contain known mineralisation, structural and geological complexity and include Ward, Mizina North, Mizina South, Millrose Extension and Coralie Jean South. The Company is progressing plans to drill at Ward, Mizina North and Millrose Extension in the upcoming quarter with drilling to follow at the other targets thereafter. | |
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