Northwire Canada EditionSunday, July 12, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Renegade Gold Identifies New Priority Targets from Magnetic Survey at Confederation Project, Red Lake

Renegade Gold Targets District-Scale Corridor at Confederation as Shares Consolidate Below March Highs

By The Northwire Desk — AI Analysis May 19, 2026 · 07:21 RAGE · 0.46 Renegade Gold Inc.
Executive Summary
  • Renegade Gold completed a 3,815 line-kilometre high-resolution UAV-borne magnetic survey at the Confederation Project in Ontario's Red Lake District.
  • The survey identified a new district-scale structural corridor and multiple high-priority exploration targets including Snake Falls, Feaver Gold, Central Intrusive Complex, Copperlode, and Arrow West.
  • Historical drilling in the southwestern portion of the corridor previously returned 3.90 g/t Au and 200 g/t Ag over 0.5 metres (hole BL96-4).
  • Planned follow-up programs include till suitability mapping, Mobile Metal Ion (MMI) surveys, and refinement of drill targets for future testing.
  • CEO Devin Pickell stated the survey provides a clear targeting framework consistent with mineralizing trends at Great Bear Project.
Material Impact
  • The news is positive but expected given the strategic land acquisitions announced in February 2026 (Belanger Property) and the exploration update from January 2026.
  • Identifying targets via magnetic survey does not constitute a resource definition or discovery; it validates the geological model rather than confirming economic mineralization.
  • The announcement reinforces the company's "greenfield discovery strategy" but lacks immediate financial impact (no financing, no resource upgrade).
  • Compared to the Material - Positive announcements in February regarding the 809k oz Rebel Gold Deposit and land expansion, this update is incremental exploration progress.
  • No new capital raised or debt settled; therefore, dilution risk remains unchanged from previous issuances.
RAGE · Price
Company Overview
  • Flagship Project: Rebel Gold Deposit (Red Lake District, Ontario).
  • Resource Estimate: 809,000 ounces total gold (370k oz Indicated + 439k oz Inferred) as of February 2026.
  • Goal: Expand resource to a one-million-ounce benchmark via ongoing drilling (>700m depth confirmed).
  • Land Package: Consolidated area exceeds 100,000 hectares (approx. 1,380 km²) in the Red Lake Mining District.
  • Projects: Includes Confederation Project, Newman Todd Project, Sidace Project (JV with Evolution Mining), and Gullrock Target.
Read the original news release →

More from Renegade Gold Inc.

Jun 16, 2026 · 07:21

Renegade Gold advances greenfield exploration while awaiting drilling results for the Rebel resource expansion.

Drill Results Apr 01, 2026 · 17:22

Renegade Gold files NI 43-101 technical report on Rebel

Resource Estimate Apr 01, 2026 · 07:20

Red Lake Consolidation Strategy Validated by Maiden 800,000 Ounce Resource Estimate

Resource Estimate Mar 13, 2026 · 20:01

Renegade Gold Announces Closing of Debt Settlement

Financings Feb 27, 2026 · 17:45

SEDAR Interim Financial Statements

None Feb 18, 2026 · 15:20

Renegade Validates Red Lake Strategy with 809k Ounce Resource; Aggressive $3,000 Gold Anchor Suggests Valuation Sensitivity

Resource Estimate