Renegade Exploration Limited (ASX:RNX) has secured an RC drilling rig to test the Lady Agnes Prospect at its prime North Isa Project, which is circa 35km from Mt Isa in Queensland, Australia.
The 1,500-2,000m RC campaign has been designed to test two overarching targets:
1) the extent of the copper oxidation; and
2) a historical induced polarisation (IP) anomaly which includes drilling the untested upper limits of the IP signature.
Renegade’s chairman, Robert Kirtlan, said Mt Isa is an ideal operating base with ample supportive mining infrastructure.
“Renegade’s geology team has done excellent work in identifying optimal targets for drill-testing at the Lady Agnes Prospect. As such, with the drilling campaign now underway, the Board is looking forward to garnering a greater understanding and potential of the underlying copper system,” Mr Kirtlan said.
Over the past few months, Renegade’s geology team have undertaken a comprehensive review of all historical data review which has been followed up with mapping, soil and rock chip sampling. Moreover, in reconciling this work with the knowledge that Lady Agnes Mine use to produce copper oxides, the geology team believe they have selected optimal targets to be drill-tested.
The drilling campaign is expected to take 10 days, with assay results likely to be returned in 3Q 2022.
Copper potential at Lady Agnes Prospect
For historical diamond drill-hole, LAG1, mineralisation commences from 273m and intersects a broad zone of copper within a breccia style structure – one of the more common mineralisation hosts in this area. Renegade’s drilling campaign will be testing for sulphide mineralisation from circa 100-150m depth.
Historical mining focused on higher-grade oxide resources while more recent work (1960’s – 2000’s) involved drilling and geophysics. Mt Isa Mining, in particular, drilled several deeper holes to test for larger ore bodies along the Western Fault – this included LAG1 which is adjacent to the Lady Agnes Mine.
Renegade is proposing, from its geological and geophysical interpretation, there is potential for copper sulphide mineralisation within the main alteration zone which has a corresponding IP anomaly. The North Isa Project is located directly north of the George Fisher Mine, some 35km north of Mt Isa township and controls circa 20km of the Western Fault.
The Western Fault and associated faults host the Lady Agnes Mine together with numerous other historical workings. The project straddles the thrust faulted ECV and Mt Isa Group sediment boundary with several existing copper mineral occurrences. This includes the Lady Agnes Mine which is located within an embayment along the faulted ECV/Mt Isa Group contact.
For further information please visit: https://renegadeexploration.com/
