Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
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.

Nov 05, 2026 · 07:20

Renegade advances its Confederation Belt drill pipeline with new till geochemistry targets aimed at advancing the project toward 2027.

Drill Results Oct 19, 2026 · 07:20

Renegade’s high-grade surface sampling at BobJo extends mineralization, confirming pre-drill exploration results without disclosing specific grades or widths.

Drill Results Oct 05, 2026 · 07:21

Renegade’s high-grade surface sampling at Belanger confirms strike extension, though the company’s cash runway remains tight.

Drill Results 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