Renegade Gold Reports Significant New Mineral Resource Estimate at Red Lake Project, Ontario

Core Insights - Renegade Gold Inc. announced a new Mineral Resource Estimate (MRE) for its Rebel Gold Deposit, totaling 370,000 ounces in the Indicated category and 439,000 ounces in the Inferred category, indicating a significant gold asset in the Red Lake Mining District of Ontario [1][5][6] Mineral Resource Estimate - The MRE includes 5,568,000 tonnes at an average grade of 2.07 g/t Au for the Indicated category, and 2,495,000 tonnes at 2.42 g/t Au for the Inferred category in open pit resources [2][6] - For underground resources, the Inferred category includes 1,553,000 tonnes at an average grade of 4.91 g/t Au, contributing 245,000 ounces [5][6] - The total mineral resource comprises 370,000 ounces Indicated and 439,000 ounces Inferred, with substantial expansion potential identified beyond 700 meters depth [5][6][13] Future Plans - The company plans a focused drilling program in 2026 to target resource expansion towards the one-million-ounce benchmark, alongside ongoing metallurgical and environmental studies [15][16] - Improved structural modeling has enhanced the understanding of mineralization controls, providing a clear path for targeted expansion drilling [2][13] Location and Geological Context - The Rebel Gold Deposit is located approximately 26 km west of Evolution Mining's Red Lake operations, within a prolific high-grade gold district, and is accessible via maintained logging roads [11][12] - The deposit is hosted within the Newman Todd Structure, a mineralized corridor that extends over 2 km, indicating multiple styles of gold mineralization [12][13]