Renegade Exploration (ASX:RNX) - Non-Executive Director, Mark Wallace
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  • Renegade Exploration (RNX) has received all results from a maiden reverse circulation (RC) drilling program at its Yandal East Gold Project in WA
  • Throughout July and August, six holes were drilled at the Ward Prospect with focus on mineralisation identified in 2018
  • Results from this RC program peaked at 2.38g/t gold
  • Renegade will now undertake a gravity survey to identify prospective structures that have the possibility of leading to additional prospects and mineralised areas
  • Work is scheduled to begin in late September or early October and results will then be processed and interpreted for target generation
  • Renegade’s share price has dropped a significant 47.4 per cent and shares are trading for 0.5 cents each

Renegade Exploration (RNX) has received all results from a maiden reverse circulation (RC) drilling program at its Yandal East Gold Project.

Yandal East is located in the Yandal Greenstone Belt which lies 70 kilometres northeast of Wiluna in Western Australia.

Throughout July and August, six holes were drilled at the Ward Prospect with focus on mineralisation identified in 2018.

A slightly larger program was planned, however, the limited availability of drill rigs and staff made it difficult to undertake the original plan.

Despite this, the RC program successfully confirmed the thick gold mineralisation at Ward and Renegade will undertake more exploration to better understand the mineralisation.

Better results from this program include 13 metres at 1.01g/t gold from 58 metres including six metres at 1.61g/t gold from 65 metres including three metres at 2.38g/t gold from 68 metres.

Renegade will now undertake a gravity survey to identify prospective structures that have the possibility of leading to additional prospects and mineralised areas.

Work is scheduled to begin in late September or early October and results will then be processed and interpreted for target generation.

Experienced structural geology consultants have been engaged to undertake this work.

Renegade’s share price has dropped a significant 47.4 per cent and shares are trading for 0.5 cents each at 1:36 pm AEST.

RNX by the numbers
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