Renegade Exploration has identified a promising new mineralised system at its Yukon Project’s Junction prospect, revealing geochemical signatures akin to major gold deposits in the Tintina Gold Province. This discovery complements its drill-ready Myschka prospect and sets the stage for expanded exploration.
- Junction prospect shows hallmark geochemical signatures of Reduced Intrusive-Related Gold Systems (RIRGS)
- Historical soil sampling reveals extensive gold-bismuth-tungsten and silver-zinc-antimony zones
- Junction located near major RIRGS deposits including Snowline’s Rogue and Banyan Gold’s AurMac projects
- Myschka prospect confirmed as drill-ready with high-grade silver and gold results
- Further infill soil sampling, mapping, and geophysics planned to define drill targets
A New Chapter in Yukon Exploration
Renegade Exploration Limited (ASX – RNX) has announced the identification of a new gold-silver-antimony mineralised system at its Junction prospect within the Yukon Project in Canada. This discovery, based on a thorough review of historical soil sampling and geological data, reveals geochemical signatures consistent with the highly sought-after Reduced Intrusive-Related Gold Systems (RIRGS) that dominate the prolific Tintina Gold Province.
The Junction prospect lies strategically positioned approximately 100 kilometres southwest of Snowline Gold Corp’s 7.9 million ounce Rogue Project and 160 kilometres southeast of Banyan Gold’s 7.7 million ounce AurMac Project. It also sits just 25 kilometres west of Renegade’s advanced Myschka prospect, which has recently emerged as a drill-ready target following impressive high-grade silver and gold assays.
Historical Data Reveals Extensive Mineralisation
Soil sampling conducted in 2014 and 2015 uncovered a gold-bismuth-tungsten zone extending over four kilometres and a silver-zinc-antimony zone stretching more than six kilometres. Notably, silver grades in soils reached up to 11.25 grams per tonne, highlighting the prospect’s significant potential. The geochemical zoning around the mid-Cretaceous Tombstone Suite intrusion, including gold, bismuth, tungsten, copper, arsenic, and other metals, aligns closely with the mineral patterns observed in major RIRGS deposits across the region.
Renegade’s Chairman, Robert Kirtlan, emphasised the importance of these findings, noting that the Junction prospect exhibits key hallmarks of other major RIRGS deposits in the Tintina Gold Province. He highlighted the proximity to significant deposits and expressed optimism about advancing Junction as a new RIRGS target following the Myschka prospect, which is already poised for drilling.
Building a Robust Yukon Portfolio
Renegade’s Yukon Project has expanded substantially since its initial acquisition, now covering over 300 square kilometres with 1,554 mineral claims. The company’s focus on the region is underscored by the recent success at Myschka, where rock chip samples returned exceptional silver grades up to 1,975 grams per tonne alongside encouraging gold and antimony values.
The Junction prospect’s geological setting within the Selwyn Basin, featuring Neoproterozoic to Lower Palaeozoic sedimentary rocks and a complex fault system, adds further intrigue. The presence of a pyrrhotite-rich thermal aureole surrounding the intrusive body is characteristic of many RIRGS deposits, reinforcing the prospect’s exploration appeal.
Next Steps and Market Implications
Renegade plans to conduct additional infill soil sampling to better define the southern and eastern extents of the gold-bismuth anomaly at Junction. Complementary field mapping, rock chip sampling, and heli-magnetic surveys are also slated to refine drill targets. These activities aim to rapidly advance the prospect towards drilling, following the company’s strategy of building a portfolio of high-potential projects in the Yukon gold belt.
While the current findings are based on historical data and geochemical signatures, the upcoming field programs and eventual drilling will be critical to confirming the scale and economic viability of the Junction system. Given the proximity to established multi-million ounce deposits and Renegade’s demonstrated success at Myschka, the market will be watching closely for further developments.
Bottom Line?
Renegade’s Yukon discoveries signal a promising expansion of its gold portfolio, with upcoming drilling poised to unlock further value.
Questions in the middle?
- How will upcoming drilling at Junction confirm the scale and grade of the new mineralised system?
- What impact could these Yukon discoveries have on Renegade’s overall resource base and valuation?
- How does Renegade plan to prioritise exploration between Junction and the drill-ready Myschka prospect?