Renegade Exploration Limited advised it has completed the initial RC drilling program (five drill-holes for 1,234m) to test oxide and sulphide target zones at the Lady Agnes Prospect within its prime North Isa Project - circa 35km from Mt Isa. To re-cap, the RC campaign was designed to test two overarching targets: the extent of the copper oxide mineralisation; and a historical induced polarisation (IP) anomaly which includes drilling the
untested upper limits of the IP signature. Pleasingly, the drilling campaign was completed in 2 weeks and within budget. Based on discussions with the laboratory, the assay results are likely to be returned within 6-10 weeks. Lady Agnes Drilling Program Overview: The drilling team completed five RC drill-holes for 1,234m. The campaign was designed to test under the historical Lady Agnes Copper Mine and follow up on legacy work which indicated the presence of sulphide mineralisation at depth. The three drill-holes directed west intersected the Eastern Creek Volcanic (ECV) group with LARC22-02 encountering substantial pyritic and graphitic shales. Of interest is copper associated with graphitic shales, known as the Breakaway Shale, which is common for this region. In addition, the Breakaway Shale unit was intersected in LARC22-03 and LARC22-05. Meanwhile, LARC22-04 remained primarily in mafics which is interpreted as the ECV group and suggests a subsidiary shear off the main NE-SW ECV contact structure. Drilling has better defined the ECV contact and Renegade's geology team has reported malachite, chalcocite and sporadic chalcopyrite in the Black Shales near the contact with the ECV. Given the encouraging initial findings, Renegade is ramping up its exploratory efforts at Lady Agnes whilst awaiting assay results from the drilling campaign. For starters, LARC22-02 has been cased to enable downhole EM and planning is underway to facilitate a gravity survey for the Lady Agnes and Tulloch Prospects. Preliminary analysis suggests there is a strong correlation between copper and Breakaway Shales, with the primary area of interest being contact with the ECV unit. This work should enable better definition of incremental drill targets which are greater than 50m below surface and away from the Lady Agnes outcrop. The North Isa Project is located directly north of the George Fisher Mine, some 35km north of Mt Isa township and controls circa 20km of the Western Fault. The Western Fault and associated faults host the Lady Agnes Copper Mine together with numerous other historical workings. The project straddles the thrust faulted ECV and Mt Isa Group sediment boundary with several existing copper mineral occurrences. This includes the Lady Agnes Mine which is located within an embayment along the faulted ECV/Mt Isa Group contact.