Renegade Gold Stock Price, News & Analysis

Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) has reported promising results from its second phase of drilling at the Newman Todd Gold Project in Red Lake, Ontario. Hole NT-24-019 intersected 14.0 g/t Au over 7.3 m, including 28.3 g/t Au over 3.5 m at 200 m below surface. This high-grade gold mineralization was found at the intersection of the Hinge Fault and the Newman Todd deposit, confirming the company's new geological model.

The drilling has successfully extended the mineralization at depth by an additional 500 m, proving that the deposit now extends from surface to over 800 m. These results support Renegade's updated geological model, which suggests potential for new, high-grade zones within the 2.2 km long Newman Todd strike. Future drilling will focus on areas down plunge from the Hinge Fault intersection and previously undrilled areas.

Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDF) reports successful drilling results from its Newman Todd Deposit in Red Lake, Ontario. Key highlights include:

1. Increased mineralization width by up to 100 m near surface
2. Extended mineralization depth by an additional 500 m, now reaching over 800 m from surface
3. Confirmed new high-grade corridors in the hanging wall
4. Hole NT-24-017 intersected 9.2 g/t Au over 2.7 m and 2.4 g/t Au over 18.0 m
5. Hole NT-24-018 intersected 9.8 g/t Au over 1.5 m and 2.8 g/t Au over 8.5 m
6. Hole NT-24-016 intersected 4.9 g/t Au over 2.5 m at approximately 650 m depth

These results significantly expand the known mineralization and suggest potential for further growth at the Newman Todd project.

Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) has appointed John Newell to its Board of Directors. Newell brings 40 years of investment industry experience, having worked with major Canadian firms and developed expertise in precious metals equities and commodities. He currently serves as CEO of Golden Sky Minerals and Thunderbird Minerals.

Nav Dhaliwal, Renegade's CEO, highlighted Newell's appointment as timely, given the company's district-scale potential in Red Lake, including projects with historical deposits and a joint venture with the district's senior producer. Newell expressed enthusiasm about joining Renegade, noting Red Lake's reputation as a high-grade gold district that has produced over 28 million ounces of gold from renowned mines.

Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) has entered into a Digital Marketing Services Agreement with Winning Media to enhance its corporate visibility and awareness. The agreement, starting August 26, 2024, is for a three-month term with a remuneration of US$100,000 per month. Winning Media, based in Houston, Texas, will provide strategic digital media services including programmatic advertising, ticker tagging, digital podcasts, and email marketing. The company and Winning Media are at arm's length, with no current ownership interests or stock options involved in the compensation.

Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) has expanded its surface exploration campaign in Red Lake, Ontario. Key activities include:

1. A 20-day campaign at the Willis property, investigating potential extensions of the Newman Todd structure.

2. A 30-day exploration of gold-bearing structures in the Birch Uchi region at the Swain and Satterly projects.

3. Completion of a fixed-wing Lidar survey over select Red Lake properties, with results pending.

4. Awaiting final results from the 25,000 m drill campaign at Newman Todd.

CEO Nav Dhaliwal expressed excitement about the Willis project's potential to host significant extensions of the Newman Todd mineralized system.

Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) has announced a debt settlement agreement, subject to TSX Venture Exchange approval. The company plans to settle $576,348.29 of debt owed to an arm's length party by issuing 1,921,161 common shares at a deemed price of $0.30 per share. This move aims to improve the company's financial position by converting debt into equity. All shares issued under this settlement will be subject to a four-month and one-day hold period from the date of issue, ensuring a temporary restriction on their trading.

Renegade Gold Inc. reports positive results from drilling at the Newman Todd Project in Red Lake, Ontario, extending high-grade mineralization and discovering a new zone. The drilling successfully extended high-grade gold mineralization in multiple holes to a depth of over 750 m. New Hanging Wall (HW) Zone of high-grade gold was identified. Drill results include intersections of 14.3 g/t Au over 2.8 m and 8.1 g/t Au over 4.7 m in hole NT-24-012, and 9.7 g/t Au over 1.5 m and 7.1 g/t Au over 1.5 m in hole NT-24-015. Multiple new HW structures with significant gold grades were encountered. The ongoing drilling demonstrates grade continuity and increased confidence in geological models. A total of 3,100,000 incentive stock options have been granted to Company personnel.

Renegade Gold Inc. announces the expansion of its drill program at the Newman Todd gold deposit in Red Lake, Ontario, from 10,000 m to 25,000 m to target new high-grade zones. The drilling will focus on high-grade extensions along the 2.2 km deposit strike, with potential for additional mineralization at depth. Step out drilling has already encountered high-grade results. The company will also ramp up exploration activities in the vicinity of West Red Lake Gold's Madsen Mine and other regional properties to identify new drilling opportunities.