01:15:41 EDT Wed 19 Jun 2019
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Newrange Gold Corp
Symbol C : NRG
Shares Issued 90,639,487
Close 2019-04-08 C$ 0.195
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Newrange receives BLM approval for sampling at Merritt

2019-04-08 10:34 ET - News Release

Mr. Robert Archer reports


Further to Newrange Gold Corp.'s press release dated March 21, 2019, the U.S. Bureau of Land Management (BLM) has issued a decision accepting Newrange's proposed assumption of permits and bonding for the Merritt decline and related activities on the Pamlico project, including collecting the permitted 1,000-ton bulk sample. Under the terms of the permits, the company will increase its reclamation bond by posting an additional $11,359 (U.S.) with BLM, bringing the company's total bond to $27,784 (U.S.) by May 23, 2019.

The Merritt decline is three metres by four metres by 200 metres in dimension and was developed by the prior owners in 2013 at a cost of $2-million (U.S.) to $3-million (U.S.). At that time, the decline was specifically permitted with the BLM for test mining and collecting the above-mentioned bulk sample. Newrange's assumption of these permits ensures continued access to the important and valuable Merritt decline, where the company's previously announced saw-cut channel sampling yielded 75.5 metres of near-surface oxide gold mineralization averaging 2.92 grams per tonne gold. This large mineralized zone, typical of observed mineralization at Pamlico, is crossed by numerous high-grade structures, including 13.2 metres averaging 17.25 grams per tonne gold, 4.6 metres of 10.84 grams per tonne gold, 1.5 metres of 36.9 grams per tonne gold and 1.5 metres of 104.75 grams per tonne gold. A map of the decline sampling results may be viewed at the company's website.

"Transferring the BLM permits into the company's name is an important step in advancing our exploration of the Pamlico project," commented Robert Archer, chief executive officer. "This will allow us to put together a comprehensive program for larger-scale metallurgical and geotechnical tests that will have a significant impact on future resource and reserve estimates."

The bulk sample will be used to generate a "break-of-mine" sample that will more accurately reflect the conditions likely in an actual production scenario, including rock fragmentation, work indices, power requirements, rock mechanics and even the most desirable mining methods. This material will then be used to assess various concentration and extraction methods for Pamlico mineralization, including screening, conventional milling, reagent consumption, heap leaching and vat leaching.

Newrange has also purchased the major underground equipment necessary to extract the contemplated bulk sample, including a single-boom Secoma jumbo drill and a two-yard Eimco underground LHD-style loader.

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

About Pamlico

Located 12 miles southeast of Hawthorne, Nev., along U.S. Highway 95, the project enjoys excellent access and infrastructure, a mild, year-round operating climate and strong political support from Mineral County, one of the most pro-mining counties in the pro-mining state of Nevada. The Pamlico project covers the historic Pamlico group of mines as well as the nearby Good Hope, Gold Bar and Sunset mines.

Discovered in 1884, the district rapidly gained a reputation as being one of Nevada's highest-grade districts. Held by private interests for most of its history, the property remains underexplored in terms of modern exploration.

About Newrange Gold Corp.

Newrange is an aggressive exploration and development company focused on near-to-intermediate-term production opportunities in favourable jurisdictions, including Nevada, Colorado and Colombia. With numerous drill intercepts of near-surface oxide gold mineralization to 340 grams per tonne gold, the company's flagship Pamlico project is poised to become a significant new Nevada discovery.

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