Renegade Exploration's promising drilling results

Renegade Exploration (ASX:RNX) has announced promising results from its recent drilling program at the Greater Mongoose mineralised zone, part of its Cloncurry Project in Queensland, Australia. The reverse circulation drilling revealed some of the best copper intervals recorded to date, with significant mineralisation found in drill holes RMG035 and RMG036, showing copper percentages as high as 2.06%. These findings suggest the potential for expanding the Mongoose Deposit.

Renegade Exploration's strategic outlook and future plans

Renegade Exploration has reported significant copper mineralisation at its Cloncurry Project, specifically in the Greater Mongoose zone. The drilling program identified impressive copper intervals, particularly in holes RMG035 and RMG036. The project is part of a larger IOCG system, with geological characteristics similar to the Ernest Henry deposit. The company is financially prepared for further exploration, supported by a Queensland Government grant and existing resources. Renegade plans to continue its exploration efforts to expand the Mongoose Deposit, leveraging its joint venture with Glencore to increase its stake through further investment. The strategic use of pXRF technology for early-stage exploration underscores their commitment to efficient and accurate resource assessment.

Executive commentary on drilling success

The recent drilling results at Greater Mongoose have been extremely encouraging, highlighting significant copper mineralisation. These results not only confirm the potential of the Mongoose Deposit but also open up new exploration opportunities in the Cloncurry region. We are excited about the prospects these findings bring for the company's growth and future development.