Renegade Exploration (ASX:RNX) reports ‘high-grade’ gold-silver rock chip samples up to 50.8 grams per tonne from recent field mapping and sampling at its Caisson Project, which lies within western Nevada’s highly endowed gold, silver, copper terrain.
The gold-silver rock chip samples include 50.8g/t gold and 6.2g/t silver, as well as 32.5g/t gold and 5.1g/t silver.
Caisson lies within two highly endowed geological terrains – the western Nevada Jurassic intrusive terrain hosting such ‘world-class’deposits as Anne Mason porphyry, and the Pumpkin Hollow copper-gold skarn style mineralisation.
The western Nevada Walker Lane Trend (Miocene in age) hosts gold deposits such as Round Mountain and North Bullfrog.
Exploration is still continuing at the company’s Broken Hills and Fireball Ridge projects, also in western Nevada.
Western Nevada is experiencing a resurgence in interest driven by recent discoveries, a strong precious metals market, and growth in demand for metal supply.
In western Nevada, the Miocene age Walker Lane Trend and the Jurassic age intrusive terrain host numerous copper, silver and gold mines of varying styles of mineralisation including IOCG, porphyry, porphyry-skarn, and epithermal styles.
Western Nevada has an excellent blend of proven production, infrastructure and the potential for further discoveries with the application of modern geological methods.
Renegade Chairman Robert Kirtlan says the company has been in the field and, together with the previously reported results, are pleased with what it is seeing so far.
“Based on these field results, field work was expanded to include a soils program which has confirmed the extent of the gold-silver and gold-copper prospects and provided strong encouragement for further exploration,” he says.
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Images: Renegade
