During May 2025, Renegade acquired four highly prospective projects with a sizeable land holding footprint for US$150,000 in the Walker Lane trend in Nevada, USA. Walker Lane is highly prospective for gold-silver plus base metals, has numerous operating mines and still remains lightly explored. Nevada is an attractive destination for both exploration and mining consistently being regarded as one of the World’s most favourable mining destinations.
There is some historical work on the projects including mapping, soil and rock chip sampling, plus some limited drilling. All of the projects are regarded as highly prospective and require further detailed geological work and drilling. Field work has commenced at Caisson and Broken Hills.
Nevada Projects with nearby existing and historical mines.
Caisson Project
The Caisson Project is located approximately 128km southeast of Reno and is accessed by travelling by state highway and tracks to site.
During the quarter, the company began a review of historic rock chip and soil data. Initial data has shown high-grade gold rock chips with 48 samples collected averaging 7.54g/t gold over ~7km strike length. Two prospects within the project have samples with >1% Cu with gold. Rock chips include:
Rock chips include:
- 71.85 g/t Au (sample ID: 587236)
- 41.06 g/t Au (sample ID: 590794)
- 36.01 g/t Au (sample ID: 590770)
- 31.19 g/t Au (sample ID: 590780)
- 26.61 g/t Au (sample ID: 587252)
- 26.20 g/t Au (sample ID: 590790)
- 24.47 g/t Au (sample ID: 587324)
- 18.43 g/t Au (sample ID: 590791)
- 17.66 g/t Au (sample ID: 590775)
Caisson Project with all rock chip locations.
Broken Hills Project
The Broken Hills Project is located approximately 171km southeast of Reno and is accessed by State highways and maintained county gravel roads.
Subsequent to the end of the quarter, the company reported high-grade gold and silver rock chip samples from the project. The rock chips were previously reported for the project on 4 August 2021 by the vendor of the projects.
Rock chips include:
- 2,469 g/t Ag, 5.36 g/t Au (sample ID: 340766)
- 1,484 g/t Ag, 6.67 g/t Au (sample ID: 587119)
- 1,464 g/t Ag, 6.99 g/t Au (sample ID: 587126)
- 1,330 g/t Ag, 3.07 g/t Au (sample ID: 587118)
- 1,020 g/t Ag, 6.58 g/t Au (sample ID: 587128)
- 21.7 g/t Ag, 16.21 g/t Au (sample ID: 355026)
Broken Hills Project with all rock chip locations.
Spitfire Project
Targeting orogenic Au-Ag mineralisation in laterally extensive flat-lying quartz veins.
Kinross Gold USA exploration data
- 21 rock chip samples contained more than 10g/t averaging 25g/t Au and 75g/t Ag.
- Best sample – 88.9 g/t Au.
G50 Corp Exploration
- Initial 74 rock chip samples collected by G50 included 21 samples >10g/t Au averaging 35g/t Au and 75g/t Ag.
- Mapping, surface sampling & geophysical surveys completed by December 2021.
Top Gun Project
Targeting epithermal Au-Ag similar to nearby Rawhide (1.7Moz) Paradise Peak (1.6Moz) mines.
- RC drilling completed in late 2021 confirmed Au-Ag mineralised epithermal system.
- Drilling tested a 1,150m long, ~50m wide zone of pervasive silicification, argillic alteration and localised zones of vuggy silica alteration
- Best results:
- 3.05m at 1.3g/t Au and 26.5 g/t Ag in hole TG005 (excludes 1.52m internal interval due to no sample from historic mining void)
- 400m along strike from TG005, drill hole TG009 intersected 10.6m at 0.4 g/t Au from 42.7m **
Nevada Project Acquisition Background
The four Projects have been acquired for USD150,000 and will be owned 100% outright. The original vendor retains a 4% NSR with a buy back right for 1%. The claims require annual payments to maintain ownership with no annual expenditure requirements.
There is some historical work on some of the projects including mapping, soil and rock chip sampling, plus some limited drilling on three of the projects. All of the projects are regarded as highly prospective and require further detailed geological work and drilling.