Renegade Gold Intersects 14.0 g/t Au over 7.3 m at Newman Todd Gold Project in Red Lake, Ontario
Renegade Gold Intersects 14.0 g/t Au over 7.3 m at Newman Todd Gold
Project in Red Lake, Ontario
VANCOUVER, BC, September 25, 2024 – Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDF, FSE:
0702) (“Renegade” or the “Company”) is pleased to report further results from the second phase of drilling
at its advanced Newman Todd Depos it, which continues to support the Company’s new geological model
and exploration strategy (Table 1). Hole NT-24-019 intersected 14.0 g /t Au over 7.3 m in cluding 28.3 g/t
Au over 3.5 m at 200 m below surface. Drilling has succes sfully increased mineralization at depth by an
additional 500 m, confirming the deposit extends down from surface to just over 800 m to date.
Highlights
High-Grade Gold Intersections at Key Location: Drilling has confirmed high-grade gold
mineralization at the intersection of the Hinge Fa ult and the Newman Todd deposit. Hole NT-24-
019 intersected 14.0 g/t Au over 7.3 m including 28.3 g/t Au over 3.5 m at 200 m below surface
(Figures 1 and 2 ). Hinge is one of multiple faults th at intersects the Newman Todd deposit and
was the primary focus for phase two drilling.
Further Confirmation of the New High-Grade Geological Model : The strength of
mineralization in hole NT-24-019, together with other recently announced high-grade holes (see
Renegade news release dated Se ptember 12, 2024) provides strong confirmation of Renegade's
updated geological model. The model indicates major potential for new, high-grade zones within
the Newman Todd deposit, located where faults intersect the 2.2 km long Newman Todd strike.
Ongoing Drilling Strategy: Future drilling efforts will focus on areas down plunge from the
intersection of the Hinge Fault and Newman T odd Zone. Targets will also include previously
undrilled areas, as well as new zones of mineralization within the hanging wall and foot wall of the
Newman Todd structure.
Nav Dhaliwal, President and CE O for Renegade, commented, “ These new results are further
confirmation that the mineralized system Newman To dd is far larger, and much higher grade, than
was previously understood. The new model of minera lization developed by our team earlier this year
has resulted in superb drill targeting - extending the deposit in width and depth, and now returning
some of the strongest grades drilled on the property to date.”
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Figure 1. Plan map of the Newman Todd Project showi ng latest drill results with modelled gold
mineralization projected to surface.
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Figure 2. Cross section A-A’ at the Newman Todd Project looking east, showing recent step out drilling
extending width of mineralization and at depth (NT-24-019).
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Table 1. Newman Todd Drill Result Highlights
Hole ID Hole Length
(m)
Azimuth (deg.) Dip (deg.) From (m) To (m) Length (m) Au (g/t)
NT-24-019 453.0 25 -50 343.4 350.7 7.3 14.0
inc. 346.0 349.5 3.5 28.3
Hole NT-24-020 encountered a fault and experienced significant core loss at the target depth, resulting in
unrepresentative gold mineralization results for this hole.
About Newman Todd
The 100% owned Newman Todd deposit can be locate d approximately 26 km west of Evolution’s mining
operations, just 1 km south of West Red Lake’s Mount Jamie advanced deposit. The Newman Todd Zone
(NTZ) is the dominant host for gold mineralization on th e property and is interpreted to span across the
property boundary, over 2 km. The NTZ structure varies in width from 60 to 160 m and is open to depth
throughout and is host to multiple styles of mineralization, including multiple breccia vein systems and late
high-grade quartz veining, often associated with visible gold.
Recent drilling has given strong confidence that th e Newman Todd structure and associated HG gold
structures continue beyond a depth of 700 m, be yond double of the previous drill horizon. Increased
intercepts of gold mineralization in the HW of the NTZ support that gold mineralization is more widespread
than historically thought.
QA/QC
Drill core is logged and sampled at a secure core pr ocessing facility in Red Lake, Ontario. Core samples
from the drill program are cut in half using a di amond cutting saw with half sent for assay at SGS
Laboratories Ltd. in Red Lake, Ontario. The other half is secured and retained at a secure storage facility.
All samples are analyzed for gold using standard Fire Assay-AA techniques. Samples returning greater than
10.0 g/t gold are analyzed utilizing standard Fire A ssay-Gravimetric methods. In addition to SGS internal
QAQC procedures, certified reference materials, blanks and duplicates are routinely inserted into the
sample stream as part of Renegades quality contro l/quality assurance program. Results are monitored
regularly for contamination and accuracy.
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 greenstone belts. The recent completion of the acquisition of
Pacton Gold Inc. extends the Company’s ownership in Red Lake to over 89,600 hectares of prospective
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and diversified exploration properties with significant potential 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 press 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; that all requisite approvals will be received, and all requisite information
will be available in a timely manner. Factors that may caus e actual results to vary materially include, but are not
limited to, inaccurate assumptions concerning the explora tion for and development of mineral deposits, currency
fluctuations, unanticipated operational or technical difficulties, risks related to unforeseen delays; general economic,
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 Forward-Looking Information.
The Company does not assume the obligation to revise or up date this Forward-Looking Information after the date of
this release or to revise such information to reflect the oc currence of future unanticipated events, except as may be
required under applicable securities laws.