07:38:00 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Newrange Gold Corp
Symbol NRG
Shares Issued 114,721,643
Close 2020-05-27 C$ 0.14
Market Cap C$ 16,061,030
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Newrange Gold to begin drilling at Pamlico May 28

2020-05-27 10:46 ET - News Release

Mr. Robert Archer reports

NEWRANGE GOLD INITIATES DRILL PROGRAM AT PAMLICO

A drilling contractor is mobilizing to Newrange Gold Corp.'s Pamlico gold project in Nevada. Drilling is scheduled to begin on Thursday. Roadwork and site preparations have been completed for the first holes, and applications have been submitted to the Bureau of Land Management for permitting the balance of the program. Importantly, the drill crew will be working under a strict COVID-19 protocol, both on and off site, to ensure the health and safety of all Newrange employees and contractors.

"We have made significant progress in our understanding of the geological setting at Pamlico since our last drilling campaign in 2018, and we are keen to test some of the new ideas that have come out of that work," stated Robert Archer, Newrange's chief executive officer. "The combination of underground mapping and sampling with the induced polarization geophysics has allowed us to better target our drilling. We have seen a good correlation between the IP and known gold-pyrite mineralization, which bodes well for testing the new targets across the three-kilometre-wide area of immediate interest within the much larger Pamlico property."

The initial part of the program will entail approximately 3,000 to 3,500 metres in 30 to 35 holes, primarily along Pamlico Ridge. Reverse circulation (RC) drilling will be used for this work, as the holes will be relatively shallow and are designed to test the continuity of near-surface gold mineralization around and between the historic workings of the Pamlico, Gold Bar and Good Hope mines. Once subsequent sites are permitted and roadwork is completed, drilling will continue with a combination of RC and diamond drilling in new target areas that, in some cases, are deeper and beyond the depth capability of the RC drill. In other instances, diamond drilling will be used to gain geological information that will be important for the interpretation of the controls on mineralization. Ultimately, the drilling program is anticipated to entail up to 10,000 metres over the next couple of months.

Robert G. Carrington, PGeo, a qualified person as defined by National Instrument 43-101, the president and chairman of the company, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About Newrange Gold Corp.

Newrange Gold is a precious metal exploration and development company focused on near-to-intermediate-term production opportunities in favourable jurisdictions, including Nevada, Ontario and Colorado. Focused on developing shareholder value through the exploration and development of key projects, the company is committed to building sustainable value for all stakeholders.

We seek Safe Harbor.

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