Coralie Jean Prospect

Coralie Jean is a shallow prospect that sits within 200m of the eastern edge of the greenstone – granite contact, a similar geologic position to the known Millrose Deposit.

The Coralie Jean Prospect was discovered in late 2016 when a reconnaissance sampling program across the northern part of the Yandal East tenements was conducted by Zebina Minerals.  A single rock chip returned in excess of 60 g/t Au.  On further inspection, outcropping and sub-cropping quartz veins were discovered in a highly sheared and contorted mafic volcanic.

The quartz vein at Coralie Jean sits in the ideal structural and stratigraphic position, being directly on the interpreted regional shear and approximately 200m west of the granite-greenstone contact, the same structural and stratigraphic setting that hosts the Millrose Deposit that contains 309,000oz of gold @ 2.4 g/t. A total of 81 rock chip samples have been collected returning exceptional results.  The 81 samples were taken over a 1,000m strike length, with 55 samples over the inner 400m high grade zone averaging 17.3 g/t Au (see Figure 1).  Of these 55 samples 17 returned values in excess of 20 g/t Au and 25 returned values in excess of 10 g/t Au.

Figure 1: Plan showing the distribution of high grade rock chips at Coralie Jean

Coralie Jean represents a very exciting target with high grade mineralisation evident over 400m of strike length.  Whilst visiting Coralie Jean in September the Company collected 12 samples covering 1,000m of strike see Figure 1 and Table 1. The sampling included the interpreted extensions to the previously identified mineralisation and a series of samples in the high grade corridor.  Of the 12 rock chip samples collected, 5 returned assays greater than 10 g/t with an additional sample returning 2.6 g/t.  The other 6 samples were all taken from outside the 400m high grade corridor.  Further mapping and sampling is required to trace the high grade zone beyond the known 400m strike length before a targeted drilling program to test the mineralisation is initiated.

 

Sample No. Type Easting Northing Gold (g/t)
R01 Rock Chip 275381.3 7118079 24.8
R02 Rock Chip 275374 7118086 2.62
R03 Rock Chip 275370.5 7118091 11.75
R04 Rock Chip 275366.4 7118104 24.1
R05 Rock Chip 275370.1 7118092 21.8
R06 Rock Chip 275357.2 7118122 15.5
R07 Rock Chip 275342.6 7118143 0.25
R08 Rock Chip 275548.1 7117654 0.09
R09 Rock Chip 275238.8 7118385 0.11
R10 Rock Chip 275260.2 7118298 0.04
R11 Rock Chip 275245 7118335 0.03
R12 Rock Chip 275620.1 7117402 0.02

 

Table 1.                 Renegade’s recent rock chip sample results from Coralie Jean
(Refer ASX Announcement 23-10-2017)

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