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Enter Symbol
or Name
USA
CA



Newrange Gold Corp
Symbol NRG
Shares Issued 97,564,950
Close 2019-12-16 C$ 0.14
Market Cap C$ 13,659,093
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Newrange Gold begins IP geophysical survey at Pamlico

2019-12-16 11:48 ET - News Release

Mr. Robert Archer reports

NEWRANGE GOLD COMMENCES IP SURVEY AT PAMLICO

Newrange Gold Corp. has begun an induced polarization (IP) geophysical survey at its Pamlico project in Nevada.

Given the deep level of oxidation on the project (approximately 300 metres), the survey will initially comprise four to five lines, each approximately 1,800 metres long, in order to test the responsiveness of the rocks. The area being surveyed includes part of Pamlico Ridge and extends out into the Pediment zone. If the survey proves to be successful in detecting sulphide mineralization, the company will consider extending the area of coverage. The survey is being conducted by Zonge International Inc. of Reno, Nev.

"We are pleased to have started the IP survey in an attempt to better define the trend of gold mineralization at Pamlico," commented Robert Archer, Newrange's chief executive officer. "Although there has been extensive oxidation of much of the sulphide mineralization, IP only needs small amounts of remnant sulphides to generate a response. As it appears that very fine gold was originally associated with sulphides at Pamlico, the IP will hopefully help to detect fluid pathways and buried sulphide concentrations, generating drill targets for subsequent follow-up."

About Newrange Gold Corp.

Newrange Gold is a precious metal exploration and development company that is focused on near-to-intermediate-term production opportunities in favourable jurisdictions, including Nevada and Colorado. With numerous drill intercepts of near-surface oxide gold mineralization to 340 grams gold per tonne, the company's flagship Pamlico project is poised to become a significant new Nevada discovery. Focused on developing shareholder value through exploration and development of key projects, the company is committed to building sustainable value for all stakeholders.

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