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Newrange Gold says drilling at Nevada project continues to demonstrate widespread nature of gold mineralization

The firm said 34 holes for 3,462 meters have been sunk so far in 2020, mostly along an 800 meter length of Pamlico Ridge

Newrange Gold Corp. -
"The aim of this program is to better understand the controls on the mineralization and to explore for new zones similar to those already known," said Bob Archer, Newrange's CEO

Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) updated investors Monday on drilling progress at its flagship Pamlico project in Nevada, which continues to show the "widespread nature of the gold mineralization" at its property.

The firm said 34 holes for 3,462 meters have been sunk so far in 2020, mostly along an 800 meter length of Pamlico Ridge between high-grade mineralization drilled in 2017 and the historic Gold Bar mine.

READ: Noble repeats Outperform rating on Newrange Gold following positive drilling results at Pamlico gold project

Recently, it became apparent that the drill rig being used was unsuitable for the terrain. A new contractor was hired with a more versatile, track-mounted rig and drilling resumed on September 19.

Today, the firm reported assays on 20 holes, with highlights including 0.535 grams per ton (g/t) gold over 4.6 meters starting at surface plus 0.113 g/t gold over 22.9 meters at a down hole depth of only 40 meters at Gold Box Canyon

Two angled holes tested the interpreted down-plunge extent of the high-grade zone, which was hit in 2017 near the Merritt Decline. One hit 5.96 g/t gold over 1.5 meters within 1.59 g/t gold over 9.1 meters (at 53.4 to 62.5 m depth).

"The aim of this program is to better understand the controls on the mineralization and to explore for new zones similar to those already known," said Robert Archer, Newrange's CEO.

"With the new drill rig, we anticipate being able to get on top of the Good Hope Mine at the south end of Pamlico Ridge where we sampled 13.89 g/t Au over 40 meters strike length and 12.48 g/t Au over 24 meters in the underground workings.

"Overall, the drilling is confirming the strong structural control and widespread nature of gold mineralization on the Pamlico property.

"The second half of the program will follow up on targets generated in the first half, complete the drilling at the Good Hope Mine and test the IP chargeability anomaly that extends for more than 1,000 meters through the central part of the property."

Newrange is a precious metals firm focused on near to intermediate term production opportunities in favorable jurisdictions including Nevada, Ontario and Colorado.

Contact the author at [email protected]

Quick facts: Newrange Gold Corp.

Price: 0.135 CAD

TSX-V:NRG
Market: TSX-V
Market Cap: $16.21 m
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Full interview: Newrange Gold prepares to get drills turning on their...

Newrange Gold (CVE: NRG-OTC: NRGOF) CEO Robert Archer joined Steve Darling from Proactive Vancouver with news the company has started their drilling program at their Pamlico project in Nevada. Archer telling Proactive how big the start of drilling will be and which areas they are going to be...

on 05/28/2020

2 min read