Renegade Exploration Limited (ASX: RNX) has encountered additional zones of visible copper sulphide mineralization in a second stage of reverse circulation (RC) drilling at its Mongoose copper-gold project near Cloncurry.
The company’s drilling campaign comprises up to 1,600m over 12 holes and the drilling campaign again testing for both surface oxide and deeper sulphide mineralization discovered in first stage drilling in March. Renegade chairman Mr Robert Kirtlan said campaign highlights included holes RMG032 and RMG018.
“The re-entry of RMG018 intercepted a large, visible mineralized copper sulphide zone below the first reported section, while another zone of visible copper mineralization was hit in RMG032, which also appears to be a continuation of the Malachite Hill structure,” Chairman, Robert Kirtlan, said.
“While we interpret all the incoming data, Renegade geologists are now on the ground at Mongoose conducting further field work to site the next phase of drilling, with particular focus on Identifying new prospects to the south and west.”
Mongoose is a primary target given significant historical copper-gold drill intercepts and its location along strike from the neighbouring Paddock Lode Mine and Taipan Deposit. Recent drilling and field work has confirmed the presence of significant copper-gold mineralization within multiple surface and deeper zones.
The company’s first programme at Mongoose of approximately 2,000m of RC drilling produced the following high-grade sulphide copper intersections:
• RMG021: 10m @5.4% Cu, 0.88g/t Au, from 84m. This is included within a broader zone of: 27m @ 2.2% Cu, 0.35g/t Au from 84m
• RMG019: 74m @0.70% Cu, 0.19g/t Au from 68m; including, 5m @1.9% Cu, 1.01g/t Au from 68m; and 27m @1.1% Cu, 0.26g/t Au from 115m; including 7m @2.3% Cu, 0.54g/t Au from 130m
• RMG018: 86m @0.63% Cu, 0.13g/t Au from 32m; including, 10m @1.1 % Cu, 0.13g/t Au from 32m; and 12m @1.7% Cu, 0.38% Au, from 77m
The second programme was a follow up to continue testing for surface oxide mineralization and the deeper sulphide zones with a view to determining extensions and orientation of the recently discovered mineralized sulphide zones.
Data from this programme is being compiled and modelled to facilitate the next drilling programme.
To find out more, please visit www.renegadeexploration.com
