Renegade Gold Expands Drill Program to 25,000 m in Red Lake; Targets New High-Grade Zones
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Renegade Gold Expands Drill Program to 25,000 m in Red Lake;
Targets New High-Grade Zones
VANCOUVER, BC, April 30, 2024 – Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDF, FSE: 070)
(“Renegade” or the “Company”) is pleased to announce an expansion of its current drill program from
10,000 m to 25,000 m at the Newman Todd gold deposit in Red Lake, Ontario ( Figure 1). Drilling will
target multiple high-grade extensions along the 2.2 km deposit strike. While previous drilling has focused
on widespread mineralization within the upper 300 m of the deposit, the latest analysis by Renegade
geologists indicates strong potential for additional high- grade mineralization at depth. Step out drilling
encountered high-grade mineralization, including 8.35 g/t Au over 3.5 m at a depth of 400 m below surface
and 5.0 g/t Au over 9.5 m at a depth of 550 m below surface (Figure 2) (see Renegade news release dated
February 26, 2024).
Additionally, the program will include follow-up drilling at the Rivard Zone, approximately 400 m west of
the deposit. The Rivard holes will focus on a high-prior ity target area where prior drilling returned results
such as 355.0 g/t Au over 1.0 m (RV-02-03).
In conjunction with the drilling expa nsion at Newman Todd, Renegade Gold will ramp up exploration
activities adjacent to West Red Lake Gold’s Madsen Mine and across its regional properties, all of which
contain highly prospective structures known to host gold mineralization in the Red Lake area. Planned
activities include airborne magnetic and LiDAR surveys and detailed mapping and sampling at the prospect
scale, starting in late spring 2024. These activities are designed to refine existing targets and identify new
drilling opportunities.
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Figure 1. Plan map of the Newman Todd Project showi ng drilling and modelled gold mineralization
projected to surface.
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Figure 2. Cross section at the Newman Todd Project showing recent step out drilling extending
mineralization at depth (NT-23-002).
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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 e ngaged 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 Compan y 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 greenst one belts. The 89,600 hectares prospective and
diversified exploration portfolio has significant poten tial 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
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 Info rmation”) 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 news release, the Company has applied several
material assumptions, including, but not limited to, assump tions that general business and economic conditions will
not change in a materially adverse manner 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 ec onomic, 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 Fo rward-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.