Broken Hills Project Delivers Rock Chips with Up to 2,469 g/t Silver and 16 g/t Gold

High-Grade Discoveries at Broken Hills

Renegade Exploration Limited (ASX, RNX) has revealed a series of remarkable rock chip assay results from its recently acquired Broken Hills Project in Nevada. The samples include silver grades soaring above 1,000 grams per tonne (g/t), with the highest reaching 2,469 g/t silver alongside notable gold values exceeding 16 g/t. These findings underscore the project's potential to host significant epithermal gold-silver mineralisation.

The Broken Hills Project is strategically positioned within the Walker Lane Trend, a well-known geological corridor along the California-Nevada border that has historically yielded substantial precious metal production. Nearby mines such as Rawhide and Paradise Peak have collectively produced millions of ounces of gold, setting a high benchmark for exploration success in the region.

Strategic Acquisition and Exploration Plans

Renegade acquired the Broken Hills Project as part of a package of four Nevada projects for USD 150,000, securing 100% ownership while the vendor retains a 2% net smelter return royalty, with a buyback option for 1%. The claims are located on federally administered land with no known impediments, providing a clear path for exploration advancement.

The company is currently undertaking a comprehensive review of historical geological data, including a substantial cache of soil sample assays collected by the previous owner. Fieldwork is slated to commence promptly, aiming to validate geological models and prepare for reverse circulation drilling. This approach reflects a methodical strategy to unlock the project's value by integrating legacy data with modern exploration techniques.

Geological Context and Mineralisation Style

The mineralisation at Broken Hills is characterised by quartz-chalcedony veins, breccias, and extensive silicified structures within a broad alteration zone. The project area spans approximately 3 km by 1 km, with mineralised veins extending over 3 km. Two distinct mineralisation terrains have been identified, the northern area with extensive silicic veining and a unique geochemical signature, and the southern area notable for exceptionally high silver and gold grades.

Historical exploration includes rock chip sampling, minor soil grids, and limited drilling by Placer Dome in 1985 targeting a silicified structure. However, no drilling has been conducted on the high-grade zones identified by Renegade, leaving significant upside potential for discovery through systematic drilling.

Market and Regional Significance

The Walker Lane Trend is experiencing renewed interest driven by a robust precious metals market and increasing demand for metal supply. Renegade's Broken Hills Project benefits from this favourable backdrop, combining high-grade assay results with proximity to established mines and infrastructure. Nevada’s reputation as a mining-friendly jurisdiction further enhances the project's attractiveness.

Renegade’s Chairman, Robert Kirtlan, emphasised the encouraging nature of the epithermal gold potential and the company’s commitment to advancing exploration with a focus on geological confirmation and drilling. The project complements Renegade’s broader portfolio, which includes assets in Australia and Canada, positioning the company well within the global minerals exploration landscape.