Renegade Exploration Limited (AU:RNX) has released an update.
Renegade Exploration Limited has initiated diamond drilling operations at its Cloncurry Project to investigate the Mongoose Deeps magnetic-gravity anomaly, a prospective target beneath historical copper-gold mines. Funded by a significant state government exploration grant, the drilling is set to reach a depth of 1,600 meters over a period of six to eight weeks. The project aims to explore a potential magnetite rich breccia pipe, analogous to the world-class Ernest Henry copper mine, with previous drilling in the area revealing high-grade copper-gold mineralization.
For further insights into AU:RNX stock, check out TipRanks’ Stock Analysis page.
