Ann: Mongoose drilling delivers best copper intervals to date, page-6

Here is a summary, (AI summarisng the report, not my words!) here is what is genersted: (I'm often too busy to thoroughly read these straight away),


Renegade Exploration Limited (ASX:RNX) recently announced significant findings from its Mongoose drilling program at the Cloncurry Project, marking its best copper intercepts to date. Key highlights include:

1. Significant Copper Intervals:

Drill hole RMG035 showed an interval of 107m at 0.62% copper, including notable sections such as 7m at 2.06% and 13m at 1.01%.

Drill hole RMG036 revealed an interval of 105m at 0.51% copper, including 22m at 1.0% and 13m at 0.82%.

2. Additional Findings: High magnetite alteration zones were detected at the Tank and Mongoose West areas, with pXRF readings indicating copper intervals up to 1.10% in some spots.

3. Exploration Implications: The new data suggests a large Iron Oxide Copper-Gold (IOCG) system resembling the Ernest Henry deposit. Deeper drilling encountered breccia/shear zones with copper mineralization, adding potential for further discoveries.

4. Future Steps: Samples have been sent for laboratory analysis, with results expected in 4-6 weeks. Further drilling is planned to extend and define this mineralized system.

This achievement opens new exploration avenues for Renegade, bolstered by a $330,000 government funding grant to support ongoing work at Mongoose.

Please DYOR, this is just to share as a review.