# Renegade Gold Reports Significant New Mineral Resource Estimate at Red Lake Project, Ontario Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/renegade-gold-reports-significant-new-mineral-resource-estimate-at-red-lake-proj--99ac0b40-fc4b-463a-8942-49f89b0e2479 Original source: https://money.tmx.com/en/quote/RAGE/news/6913359127539321/renegade-gold-reports-significant-new-mineral-resource-estimate-at-red-lake-proj Publisher: tmx Original announcement: 2026-02-18T20:19:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Significant new Mineral Resource Estimate \(MRE\) with over 800,000 ounces of gold. - Positive factor: Includes a solid Indicated resource base of 370,000 ounces. - Positive factor: Features a high-grade underground Inferred component \(4.91 g/t Au\). - Positive factor: Confirmed gold mineralization extension beyond 700m depth, more than doubling historical drill depth. - Positive factor: Located in the prolific Red Lake Mining District of Ontario. - Positive factor: MRE is 100%-owned and NI 43-101 compliant with independent QP sign-off. - Negative factor: No mineral reserves have been estimated yet. - Negative factor: 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 Disclosed** Polarity: positive Definition: 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) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/renegade-gold-reports-significant-new-mineral-resource-estimate-at-red-lake-proj--99ac0b40-fc4b-463a-8942-49f89b0e2479#fact-resource-facts-0) Rebel Gold Deposit · gold #### 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 factor: Solid Indicated resource base for open pit mining. - Positive factor: Economic grade for open pit mining \(2.07 g/t Au\). - Positive factor: Contributes significantly to the overall resource ounces. Evidence · table > 2.07 Context: 5,568,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/renegade-gold-reports-significant-new-mineral-resource-estimate-at-red-lake-proj--99ac0b40-fc4b-463a-8942-49f89b0e2479#fact-resource-facts-1) Rebel Gold Deposit · gold #### 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 factor: Good grade for open pit mining \(2.42 g/t Au\). - Positive factor: Adds to the overall resource base and potential for future conversion. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 2.42 Context: 2,495,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/renegade-gold-reports-significant-new-mineral-resource-estimate-at-red-lake-proj--99ac0b40-fc4b-463a-8942-49f89b0e2479#fact-resource-facts-2) Rebel Gold Deposit · gold #### 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 factor: High-grade underground component \(4.91 g/t Au\). - Positive factor: Significant contained ounces for underground mining. - Positive factor: Confirmed depth extension beyond historical limits, indicating strong potential. - Negative factor: Currently in the Inferred category, requiring further drilling for confidence upgrade. Evidence · table > 4.91 Context: 1,553,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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.