Renegade Exploration Limited (ASX:RNX) has commenced an RC drilling campaign comprising up to 3,000m over 24 holes at the Mongoose Copper-Gold Project near Cloncurry in Queensland.
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 rock sampling has also confirmed the presence of significant copper-gold mineralisation within multiple gossanous zones.
Renegade Director, Robert Kirtlan, said he was looking forward to testing Mongoose’s considerable prospectivity.
We assumed control of the Mongoose Project in mid-January and are very excited to be already targeting underneath the gossan zones which we have identified in recent weeks. The main gossan zone returned high-grade copper-gold results and runs for over 500m,” Mr Kirtlan said.
“Mongoose was first discovered in 2013 and has had approximately 4,000m of historical drilling which confirms it as an extension to the neighbouring Paddock Lode Mine and Taipan deposit.”
Mongoose is part of the Carpentaria Joint Venture (CJV) between Glencore plc and Renegade, whose stake is currently 23.03%. In January 2023, Renegade reached agreement with Glencore to excise the Mongoose Project (EPM8588) and sole risk future expenditure. Renegade’s interest in EPM8588 will increase with expenditure.