Renegade Exploration (ASX:RNX) aims to establish drill targets at its newly acquired Broken Hills and Caisson projects in Nevada, US, upon starting a fieldwork program.
At Broken Hills, exploration work has included rock chip sampling and two smaller soil grids. The soil data has been collated and reviewed.
At Caisson, there are 70 separate historical workings, including mine shafts, adits, trenches, small open pits and prospect pits as evidence of gold and silver mineralisation along the shear trends.
Renegade says there is no record or any field evidence of exploration drilling at the project. Gold mineralisation has been separated into two terrains based on geochemical indices of the rock chips and on the general structural trends.
Chairman Robert Kirtlan says the company has been locating historical geophysical data and other geological records since acquiring the projects.
“The company’s Nevada-based geologist is now on the ground looking to complement, understand, and expand the existing datasets to establish drill targets,” Kirtlan says.
“Both projects are within the Walker Lane Trend, a geological corridor along the California-Nevada border which is experiencing a resurgence in interest driven by recent discoveries, a strong precious metals market, and growth in demand for metal supply.”
The Walker Lane Trend hosts numerous copper and gold mines of varying styles of mineralisation including porphyry and epithermal styles of gold-silver-copper.
Renegade acquired four new Nevada projects for US$150,000 ($230,810) to wholly own the projects. The original vendor retains a 2% net smelter return royalty on the claims.
Broken Hills is located 171km southeast of Reno and is accessed by state highways and maintained by county gravel roads. Caisson is located 128km southeast of Reno.
Renegade Exploration is an Australia-based mineral explorer and developer focused on its project portfolio in Australia and North America.
Write to Aaliyah Rogan at Mining.com.au
Images: Renegade Exploration
