Renegade Gold Reports Significant New Mineral Resource Estimate at Red Lake Project, Ontario
Original announcement by tmx on
- Company
- Renegade Gold Inc.
- Ticker
- RAGE
- Exchange
- TSX
- Region
- Ontario
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-09-16 18:47:11 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Renegade Gold has reported a significant new Mineral Resource Estimate for its 100%-owned Rebel Gold Deposit in Ontario, totaling 370,000 ounces of gold in the Indicated category and 439,000 ounces in the Inferred category. The estimate includes both open pit and high-grade underground components, with recent drilling confirming mineralization beyond 700 meters depth. The company plans further drilling in 2026 to expand the resource towards one million ounces.
Reasoning: Renegade Gold announced a substantial new Mineral Resource Estimate for its Rebel Gold Deposit, featuring a strong Indicated base and a high-grade Inferred underground component, with significant depth extension confirmed. This update positions the project as a key asset in the Red Lake district, although it is still at the resource stage with no reserves.
Positive factors
- Significant new Mineral Resource Estimate (MRE) with over 800,000 ounces of gold.
- Includes a solid Indicated resource base of 370,000 ounces.
- Features a high-grade underground Inferred component (4.91 g/t Au).
- Confirmed gold mineralization extension beyond 700m depth, more than doubling historical drill depth.
- Located in the prolific Red Lake Mining District of Ontario.
- MRE is 100%-owned and NI 43-101 compliant with independent QP sign-off.
Negative factors
- No mineral reserves have been estimated yet.
- A significant portion of the total resource (54.3%) remains in the Inferred category.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 3
Classification and evidence
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A current resource fact retains the disclosed cut-off grade
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Resource Estimates (3)
indicatedRebel Gold Deposit · goldTonnes: 5568000Grade: 2.07Grade Unit: g/tContained Metal: 370000Contained Unit: ozView all detailsHide details
Identity
- Project
- Rebel Gold Deposit
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- RAGE
Resource scope
- Estimate type
- resource
- Effective date
- 2026-02-05T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:f944873a2eecc54098b0
- Deposit or zone
- Rebel
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5568000
- Grade
- 2.07
- Grade Unit
- g/t
- Contained Metal
- 370000
- Contained Unit
- oz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-02-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: This Indicated open pit resource provides a strong foundation for future economic studies, demonstrating good grade and substantial contained ounces.
Positive factors
- Solid Indicated resource base for open pit mining.
- Economic grade for open pit mining (2.07 g/t Au).
- Contributes significantly to the overall resource ounces.
Evidence · table
“2.07”
Context: 5,568,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredRebel Gold Deposit · goldTonnes: 2495000Grade: 2.42Grade Unit: g/tContained Metal: 194000Contained Unit: ozView all detailsHide details
Identity
- Project
- Rebel Gold Deposit
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- RAGE
Resource scope
- Estimate type
- resource
- Effective date
- 2026-02-05T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:4b7a36cf84403dfd95c0
- Deposit or zone
- Rebel
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2495000
- Grade
- 2.42
- Grade Unit
- g/t
- Contained Metal
- 194000
- Contained Unit
- oz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-02-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: This Inferred open pit resource provides additional ounces with good grade, offering potential for future upgrade with further drilling.
Positive factors
- Good grade for open pit mining (2.42 g/t Au).
- Adds to the overall resource base and potential for future conversion.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“2.42”
Context: 2,495,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredRebel Gold Deposit · goldTonnes: 1553000Grade: 4.91Grade Unit: g/tContained Metal: 245000Contained Unit: ozView all detailsHide details
Identity
- Project
- Rebel Gold Deposit
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- RAGE
Resource scope
- Estimate type
- resource
- Effective date
- 2026-02-05T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:de7aa436b4d45541d32f
- Deposit or zone
- Rebel
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1553000
- Grade
- 4.91
- Grade Unit
- g/t
- Contained Metal
- 245000
- Contained Unit
- oz
- Cutoff Grade
- 2.2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-02-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: This high-grade Inferred underground resource represents significant upside potential, with confirmed depth extension suggesting further growth opportunities.
Positive factors
- High-grade underground component (4.91 g/t Au).
- Significant contained ounces for underground mining.
- Confirmed depth extension beyond historical limits, indicating strong potential.
Negative factors
- Currently in the Inferred category, requiring further drilling for confidence upgrade.
Evidence · table
“4.91”
Context: 1,553,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.