Click here to read important disclaimer & disclosures Click here to see more about Renegade Gold
Categories:
Precious Metals
Topics:
Gold Stocks
Renegade Gold (TSX-V: RAGE)(OTC: RENGF) CEO Devin Pickell on Derisking a District Scale Land Package Ahead of Drilling
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president and CEO of Renegade Gold (TSX-V: RAGE)(OTC: RENGF), Mr. Devin Pickell. Devin, it's great to have you on. How are you today?
Devin Pickell: Hey, I'm doing great. Great to be here.
Gerardo Del Real: Well, listen, you had some news last month and you've been in the field, so we have not been able to catch up. A couple of things. One, we know it's summer. We know it's quiet. We know with the summer doldrums being what they are, you get people that sell small amounts of stock and you see these large percentage swings typically to the downside, mostly to the downside right now in the space. But companies that are adding value and companies that are in the field and producing news typically come out of this right at the end of August, beginning of September, back to where they were and ready to deliver with the rerate in the work. So I want to commend you and the Renegade team for getting out there, for doing the field work.
Let's talk about the latest bit of news. It was about a month or so ago. You mobilized the field crews for the maiden Confederation Belt exploration program for Renegade. So I would love an overview just kind of where you're at and what you're doing to make sure that you're adding value while the market plays itself out here.
Devin Pickell: That's right. Yeah. And you touched on a lot of what we've got going on here, but mobilizing field crews earlier in the season we've had an excellent start. I did a full two week program at the Belanger, got to stand on the rocks myself. And what the team's trying to produce here is that this is just to extend these things. I don't think that they're just single occurrences. This is a larger system in a district that really wasn't looked at for gold, was looked at for base metals. And what I'm seeing walking around in the bush, looking at historic core caches, a lot of things that would have been sampled for gold in areas I've worked in the past remain uncut in the boxes. So lots of prospective ground that hasn't been looked at for gold. And we're already on outcrops of Belanger which are hosted gold systems.
So 180 samples from that hit the lab. Happy to say that. And then from there, we're working that LP Fault currently. We have crews out there doing a massive tail and MMI survey. So hope to wrap that up within a week or so and then move on to BobJo where we have some really high grad at surface and a system of shear hosted veins that have historic high grade results. So excited to build the models forward there and really advance and de-risk these drill targets. So coming into the winter months, we have lots of options.
Gerardo Del Real: We talked about early on when we talked about helping tell the Renegade story, that one of the challenges I felt was yes, you have one of the best land packages there in the Red Lake Mining District, but you have so many targets. That can present a challenge. Can you speak to how you go about prioritizing? And you touched on it a bit with the field work that you're doing, getting out there, looking at the different projects, sampling, and then obviously you're waiting for assays now. But for those that may be newer to the story, can you provide a brief overview of the land package itself and then the next steps for defining drill targets and getting to that part of it?
Devin Pickell: Yeah, 100%. So this is a land package that has only recently been consolidated, even in the Belanger area. We just picked up pieces in the last six months, call it. And what we're trying to do here is I call it the low hanging fruit. You go through your first pass data and go after the things that you can see these historic pits and trenches and shafts in your new LiDAR data that we just got, and let's bring forward the low hanging fruit first and make sure we work these hard and de-risk them. So I like to see that all our targets have a full compilation and all the data in front of us, but specifically that we've been on the ground, we see it, and we're ready to drill it before a drill bit hits the area.
So that's what we're making sure we do in the short summer months that we have to get this type of work done. And yeah, that's what we're up to.
Gerardo Del Real: Excellent. Excellent. When do you anticipate being able to put together all of the data from the summer program and then getting to announcing a drill program and getting that part of it going?
Devin Pickell: Yeah, I think we'll have an update for the market once this first round of assays comes back from Belanger in the coming weeks here and then a further update towards the end of the summer where we're landing on our targets. My goal was to deliver four to five really good de-risked targets. We've already done one with Gullrock. I feel we have a really strong target at Belanger and another at BobJo. And then with this LP result coming in, I'm hoping towards the end of the summer we have some good news to share with the market.
Gerardo Del Real: Excellent. How's the treasury looking?
Devin Pickell: It's looking good to get this work done. That's what we're focusing on. I said we were going to deliver these targets and that's what I'm going to do.
Gerardo Del Real: Excellent. Well, listen, I know that you have assays pending. I'm looking forward to seeing that picture come together. I want to thank you for taking time for the update today and really looking forward to having you back on here soon.
Devin Pickell: Okay. Thanks, Gerardo.
Gerardo Del Real: Awesome. Appreciate it. Thank you.
Devin Pickell: Yeah, bye.
Click here to see more from Renegade GoldIMPORTANT DISCLAIMER & DISCLOSURES
Resource Stock Digest, as a publisher, is not a broker, investment advisor, or financial advisor in any jurisdiction.
Please do not rely on the information presented by Resource Stock Digest as personal investment advice.
If you need personal investment advice, kindly reach out to a qualified and registered broker, investment advisor, or financial advisor.
The communications from Resource Stock Digest should not form the basis of your investment decisions. Examples we provide regarding share price increases related to specific companies are based on randomly selected time periods and should not be taken as an indicator or predictor of future stock prices for those companies.
Renegade Gold has sponsored this report.
The information in this newsletter does not constitute an offer to sell or a solicitation of an offer to buy any securities of a corporation or entity, including U.S. Traded Securities or U.S. Quoted Securities, in the United States or to U.S. Persons. Securities may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
Any public offering of securities in the United States may only be made by means of a prospectus containing detailed information about the corporation or entity and its management as well as financial statements. No securities regulatory authority in the United States has either approved or disapproved of the contents of any newsletter. Neither Resource Stock Digest nor any employee of Resource Stock Digest is registered with the United States Securities and Exchange Commission (the “SEC”): as a “broker-dealer” under the Exchange Act, as an “investment adviser” under the Investment Advisers Act of 1940, or in any other capacity. Resource Stock Digest, its owners, directors, and employees are also not registered with any state securities commission or authority as a broker-dealer or investment advisor or in any other capacity.
HIGHLY BIASED:
In our role, we aim to highlight specific companies for your further investigation; however, these are not stock recommendations, nor do they constitute an offer or sale of the referenced securities. Resource Stock Digest has received cash compensation from Renegade Gold and is thus extremely biased. It is crucial that you conduct your own research prior to investing. This includes reading the companies' SEDAR and SEC filings, press releases, and risk disclosures. The information contained in our profiles is based on data provided by the companies, extracted from SEDAR and SEC filings, company websites, and other publicly available sources.
Resource Stock Digest, and its owners, directors, employees, and members of their households may own shares of Renegade Gold. Therefore, Resource Stock Digest is extremely biased. Measures are in place such that no shares will be sold during the active awareness campaign.
HIGH RISK:
The securities issued by the companies we feature should be seen as high risk; if you choose to invest, despite these warnings, you may lose your entire investment. You must be aware of the risks and be willing to accept them in order to invest in financial instruments, including stocks, options, and futures.
NOT PROFESSIONAL ADVICE:
By reading this, you agree to all of the following: You understand this to be an expression of opinions and NOT professional advice. You are solely responsible for the use of any content and hold Resource Stock Digest, and all partners, members, and affiliates harmless in any event or claim. While Resource Stock Digest strives to provide accurate and reliable information sourced from believed-to-be trustworthy sources, we cannot guarantee the accuracy or reliability of the information. The information provided reflects conditions as they are at the moment of writing and not at any future date. Resource Stock Digest is not obligated to update, correct, or revise the information post-publication.
FORWARD-LOOKING STATEMENTS:
Certain information presented may contain or be considered forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in these statements. There can be no assurance that any such statements will prove to be accurate, and readers should not place undue reliance on such information. Resource Stock Digest does not undertake any obligations to update the information presented or to ensure that such information remains current and accurate.