RNX 10.0% 0.9¢ renegade exploration limited

Excellent results from first four holes in current drilling...

  1. 413 Posts.
    Excellent results from first four holes in current drilling program.

    8.5m @ 21.55% Zn & 31.74g/t Ge from 203m, and
    12.2m @ 5.01% Zn & 4.09g/t Ge from 181m, within
    30.5m @ 8.15% Zn & 11.61g/t Ge from 181m
    7.3m @ 1.54% Zn, 10.14% Pb, 14.24g/t Ag from 168.7m
    4.1m @ 5.44% Zn & 20.50g/t Ge from 179.4m
    4.0m @ 5.55% Pb 10.00g/t Ag from 187.5m

    Eight diamond core drill holes have now been completed in the current
    programme for approximately 2,500 metres. The drilling programme is
    anticipated to continue through until late October.
    Visual inspection of diamond core from the four most recently completed holes
    (for which analytical results are pending) reveals that drilling continues to
    intersect stock-worked and massive sulphide mineralisation comprising coarsegrained
    sphalerite (zinc sulphide) and galena (lead sulphide). Examination of the
    diamond drill core from AN07-030, the deepest hole drilled at the project to date,
    shows that high-grade mineralisation has been intersected at depth. This result is
    particularly encouraging as it confirms high grade mineralisation persists at
    depth, and that mineralisation remains open at depth.
    Economic grades and thicknesses of mineralisation have now been intersected
    more than 100 metres deeper than previously defined, with mineralisation
    remaining open at depth. This confirms the Company’s view that there is
    considerable potential to expand on the resource base at the project, which prior
    to commencement of the current drilling programme stood at:

    5.92Mt at 5.84% Zn, 2.03% Pb, 9.49g/t Ag and 14.86g/t Ge or
    5.92Mt at 8.74% Zn equivalent*

    Samples from the latest drill holes have been submitted to an independent
    analytical laboratory in Canada. Assay results are expected within four to six
    weeks.

    I reckon I can wait another month for the resource upgrade :)
 
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