Caisson Project Yields Rock Chips with Up to 50.8 g/t Gold and 0.69% Copper

Significant Assay Results Confirm Potential

Renegade Exploration Limited (ASX, RNX) has announced compelling new rock chip assay results from its Caisson Project in western Nevada, with gold grades reaching as high as 50.8 grams per tonne alongside notable silver and copper values. These results reinforce earlier findings reported in June 2025 and highlight the project’s promise within a region renowned for prolific mineral deposits.

The Caisson Project lies within two major geological terrains famed for their mineral wealth, the Jurassic intrusive belt hosting deposits like the Anne Mason porphyry copper-gold mine, and the Miocene-age Walker Lane Trend, home to large gold deposits such as Round Mountain. This strategic location places Caisson in a prime position to host significant gold-silver-copper mineralisation.

Exploration Highlights and Geological Context

Recent fieldwork has identified two key zones of mineralisation. The northern area yielded high-grade gold-silver rock chips, including samples with 50.8 g/t gold and 6.2 g/t silver, as well as porphyry-style copper-gold mineralisation with up to 0.69% copper. The southern area also showed promising gold-copper veins and disseminated copper mineralisation, suggesting multiple phases of mineralisation across the property.

Supporting these findings, a drone magnetic survey revealed a significant northwest-striking structural corridor interpreted as a major fluid conduit, which aligns with the high-grade assay zones. Soil sampling has further delineated gold anomalies, confirming the extent of mineralised systems and guiding future exploration targets.

Early Stage but Encouraging Prospects

Despite the encouraging surface results, no drilling has yet been undertaken at Caisson, leaving questions about the continuity and true thickness of the mineralisation. However, the presence of over 70 historic workings and the geological similarities to nearby world-class deposits provide a strong rationale for advancing exploration.

Renegade’s Chairman, Robert Kirtlan, expressed optimism about the project’s potential, noting the expanded field programs and soil surveys that have confirmed the scale of the gold-silver and copper-gold prospects. The company plans to progress with further geological mapping, geophysical surveys, and ultimately reverse circulation drilling to test these targets.

Strategic Importance and Next Steps

Western Nevada continues to attract exploration interest due to its rich mineral endowment and supportive infrastructure. Renegade’s Caisson Project benefits from proximity to established mines and a favourable mining jurisdiction, positioning it well for future development. The company’s methodical approach, combining modern exploration techniques with historical data, aims to unlock the project’s full potential.

As Renegade advances its exploration program, market participants will be watching closely for drilling results that could validate the promising surface indications and potentially lead to resource definition.