Australian minerals exploration and development company Renegade Exploration (ASX:RNX) has started drilling at the Edgarda prospect, located within the Carpentaria Joint Venture (JV) Project in north-west Queensland.
The company reports 2 reverse circulation (RC) drillholes for 500m began 1 May 2023, targeting underneath the historical Edgarda copper-cobalt mine, which is recorded as being 400m long, 15m wide, and 8m deep. Renegade also notes this area is completely undrilled.
Edgarda is part of the Carpentaria Joint Venture (CJV) between Glencore (LON:GLEN) and Renegade, with Renegade holding a 23.03% interest. The company reports the prospect is hosted by ‘highly’ sheared and altered calc-silicate rocks of the Corella Formation.
The work completed by the CJV during the early 2000s delineated an ‘extensive’ coincident magnet-chargeable-resistive-soil (copper-cobalt) anomaly. Based on the coincident anomalies, CJV completed 2,230m of RC and diamond drilling over 9 holes in 2007 and 2008.
Renegade says this drilling was exclusively orientated towards the east and intercepted large zones of copper-cobalt mineralisation.
Results recorded include 52m @ 0.22% Cu and 382 parts per million (ppm) Co from 32m including 23m @ 0.3% Cu and 626ppm Co from 33m; 40m @ 0.21% Cu and 309ppm Co from 92m; and 20m @ 0.20% Cu and 286ppm Co from 94m.
Renegade Exploration is an Australian minerals exploration and development company with an interest in the Carpentaria JV which covers a package of advanced copper and gold projects in Queensland’s Cloncurry mining district. The company’s primary focus is the Mongoose Project which has been excised from the Carpentaria JV.
Renegade has also recently expanded its north-west Queensland interests by earning a 75% joint venture interest in the North Isa Project, located north of Glencore subsidiary Mt Isa Mines’ George Fisher mining operations. The company has also acquired permits near Barcaldine in central Queensland which are considered prospective for vanadium and rare earths.
Images: Renegade Exploration Ltd
