The BobJo Property consists of nine patented mining claims covering approximately 65 ha within the Birch-Uchi greenstone belt, east of Red Lake, Ontario. The property is contiguous with Renegade’s Confederation Project, providing a strategic addition to the Company’s consolidated land position in the district.
The surrounding area has a long history of production from both base metal and gold deposits including: the South Bay Mine, which produced 1.5 million tonnes at 1.8% copper, 11.06% zinc and 73 g/t silver over its 13-year mine life.1 The Grassett, Uchi, Hanalda and Jalda Mines also reported combined production output of 757,000 tonnes at 5.14 g/t gold,2 with the Grasset Mine alone producing 78,000 tonnes at 7.54 g/t gold.3
Exploration at BobJo dates back to the 1920’s, when a shaft and small-scale mining activity were developed. Modern exploration includes a 2007 drilling program comprising 28 holes totalling 5,700 m, which returned multiple high-grade intercepts such as:
- 6.53 g/t Au over 8.3 m (BJ07-01)
- 123.6 g/t Au over 2.1 m (BJ07-14)
- 20.8 g/t Au over 1.1 m and 29.0 g/t Au over 0.3 m (BJ07-06)5
