Renegade Hits IOCG Breccia Zone at Mongoose Deeps

Renegade Exploration Limited (AU:RNX) has released an update.

Renegade Exploration Limited announced the discovery of an Ernest Henry style Iron Oxide Copper Gold (IOCG) breccia zone at its Mongoose Deeps prospect, with drilling revealing significant mineralization. This discovery has sparked excitement as the magnetic breccia zone was encountered earlier than expected, implying potential for future exploration success. The company plans to assay approximately 400 meters of core for copper, gold, and cobalt, with results anticipated in 6-8 weeks, and to conduct further magnetic surveys to guide the next drilling phase.

For further insights into AU:RNX stock, check out TipRanks’ Stock Analysis page.