Renegade Exploration Expands Nevada Ground as Drilling Targets Take Shape
Key Takeaways
- Renegade Exploration has staked 32 additional claims at the Caisson Project, expanding its footprint across a 7km mineralised trend in Nevada's Walker Lane Gold Belt that has never been drilled.
- Surface rock chip samples have returned grades as high as 71.85g/t gold and 65g/t silver from historical data, independently validated by Renegade's own December 2025 field program returning up to 50.8g/t gold.
- A second distinct target type — porphyry-style copper-gold mineralisation — has been identified at the Big Nick prospect in the northern project area, adding to the existing high-grade vein system.
- A drill-target generation program is now underway across the expanded ground, incorporating geological mapping, rock chip sampling, and geophysical data integration ahead of a maiden drill campaign.
- Maiden drilling is proposed to commence in the September or December quarter of 2026, representing the first time any drill bit will test the Caisson system across its full extent.
Caisson Project expands as drill-target program gets underway
Renegade Exploration (ASX: RNX) has staked 32 additional claims at its Caisson Project in Nevada’s Walker Lane Gold Belt, expanding its footprint across a 7km mineralised trend that has never seen a drill bit. The move is designed to capture potential structural extensions ahead of a maiden drilling campaign, with surface results already returning grades as high as 71.85g/t gold, 65g/t silver, and more than 1% copper.
Caisson sits in an undrilled state despite extensive evidence of historical prospecting, making this landholding expansion a strategic step toward testing a substantial mineralised system for the first time.
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What the Caisson Project has shown so far
Caisson is not a cold acquisition. Renegade has progressively de-risked the project through historical data review and independent field programs, building a body of surface evidence that supports a move toward drilling.
High-grade gold-silver results validated in the field
In December 2025, Renegade reported rock chip samples returning up to 50.8g/t gold and 6.2g/t silver from field mapping and sampling at Caisson. These results supported earlier historical highs of up to 71.85g/t gold first reported in June 2025, confirming that independent fieldwork replicated rather than contradicted the historical data.
The following table summarises the key exploration results to date:
| Program | Year | Result Type | Best Result (Au) | Best Result (Ag/Cu) |
|---|---|---|---|---|
| Historical data review | Reported June 2025 | Surface rock chip | 71.85g/t Au | 65g/t Ag |
| Historical data review | Reported June 2025 | Surface rock chip | – | >1% Cu |
| 2025 field program | December 2025 | Rock chip (field validation) | 50.8g/t Au | 6.2g/t Ag |
A second target type adds copper-gold upside
The 2025 fieldwork did more than validate historical gold-silver grades. It identified a new area of porphyry-style copper-gold mineralisation at the Big Nick prospect in the northern project area, adding a second distinct target type to a project that was already generating interest for its high-grade vein system.
Key project characteristics include:
- Big Nick prospect: porphyry-style alteration and quartz stockwork veining, northern Caisson
- Doormat prospect: porphyry-style mineralisation, southern Caisson (previously discovered and reported)
- More than 70 historical workings across the property, including shafts, adits, trenches, and open pits
- No recorded exploration drilling across the entire Caisson project area
Why Nevada’s Walker Lane matters for investors
Nevada consistently ranks among the most mining-friendly jurisdictions in the world, and the Walker Lane Gold Belt is one of the reasons why. The belt hosts a string of world-class gold deposits, while the adjacent Jurassic intrusive terrain has produced major copper-gold systems.
The Walker Lane and Jurassic intrusive terrain are not abstract geological references. Regional deposits in the same mineralised terrains include:
- Anne Mason porphyry Cu-Au Mine: 4.49 Mt copper, 1.2 Mozs gold (western Nevada Jurassic intrusive terrain)
- Pumpkin Hollow: 3.5 Mt copper, 1.1 Mozs gold (copper-gold skarn, same terrain)
- Round Mountain: 18.1 Mozs gold (Kinross, Walker Lane Gold Belt)
- North Bullfrog: 8.4 Mozs gold (AngloGold Ashanti, Walker Lane Gold Belt)
These are regional analogues cited in the announcement from third-party sources. They are not Renegade resources and should not be interpreted as such. They do, however, illustrate the scale of mineralisation that the surrounding geology is capable of hosting.
Robert Kirtlan, Chairman, Renegade Exploration
“Caisson is increasingly taking shape as a compelling, undrilled gold-silver and copper-gold opportunity in one of the world’s most productive mining jurisdictions.”
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Next steps: defining drill targets across expanded ground
With the landholding now expanded, Renegade has commenced a drill-target generation program across the full Caisson area. The program is the bridge between strong surface evidence and a maiden drilling campaign.
The program components include:
- Detailed geological and structural mapping
- Additional rock chip sampling
- Further processing and interpretation of existing geophysical data
- Additional geophysical surveys where warranted
- Integration of all historical and recent exploration datasets
The objective is to define and rank targets across the high-grade gold-silver structures and confirm the porphyry-style copper-gold system. A maiden drilling program is proposed to commence in the September or December quarter of 2026.
A never-drilled system with two distinct target types, validated surface grades, and a clear path to the drill bit in a world-class jurisdiction represents the investment thesis Renegade is now working to prove up.
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