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1.0¢ renegade exploration limited

very good hit on first hole….. I’m not fussed with the market...

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Bluegumnuts

6,988 Posts.

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02/07/24

19:32

Post #: 74574915
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Originally posted by Danishjeeva: ↑

Overall, the presence of chalcopyrite (a copper mineral) in the table suggests potential copper mineralization, though its visibility is relatively low compared to pyrite. The specific intervals with chalcopyrite can indicate where to focus exploration efforts for copper.
In some intervals, both minerals are present but in varying proportions. For instance, the 460-461 m range has 7% pyrite visibility and 0.5% chalcopyrite visibility.

The Mongoose Deeps prospect represents a significant exploration target with strong potential for an IOCG deposit, akin to the Ernest Henry Mine. The initial drill results are promising, showing substantial intervals of pyrite and chalcopyrite, which are key indicators of copper mineralization. Continued exploration, including detailed core analysis and further drilling, will be crucial in confirming the size and grade of the mineralization and advancing the project towards potential development.

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very good hit on first hole….. I’m not fussed with the market reaction but then again I was in early! With the discovery now penciled in we wait for the lab results

RNX Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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