Mr. Robert Archer reports
NEWRANGE DRILLING EXPANDS MINERAL FOOTPRINT AT PAMLICO
Newrange Gold Corp.
has provided an update on the continuing reverse circulation (RC) drilling program at its Pamlico gold project in Nevada.
The holes reported herein (P20-92 to 110) were drilled in the Gold Box Canyon, Merritt and Good Hope areas, and demonstrate the extent of shallow oxide gold mineralization across the Pamlico district, covering an area of approximately 0.75 square kilometre. Drilling to the end of hole P20-110 has entailed 6,538 metres and is continuing. Highlights are presented in the attached table and maps can be found on the company's website.
Gold Box Canyon
Drill holes P20-92 to 98, inclusive, targeted projections of gold-bearing structural zones situated stratigraphically below the most favourable rhyolite-latite tuff contact zones, in the lower reaches of Gold Box Canyon. To test the same or similar horizon as hosts mineralization in the Merritt zone and Pamlico Ridge will require drilling from on top of the ridges to either side of the canyon. Holes P20-92, 93, 94 and 95 were drilled to the southeast and hole P20-96 was drilled to the northwest, all at a minus-45-degree inclination and specifically targeted mineralization in northeast-striking gold-bearing structures exposed in underground workings and at surface, where sampling returned values ranging from 0.6 to more than 20 grams gold per metric tonne (g/t Au). Hole P20-94 was lost in a large breccia zone at 62.5 metres and could not be completed. Hole P20-97 was drilled to the southwest at an inclination of minus 45 degrees to test a large northwest-striking, southwest-dipping high-angle fault zone that had returned gold values from 11.8 to more than 16.1 grams in grab samples from exposures in prospect pits and underground workings. Unfortunately, the hole was lost in a large breccia zone before reaching its target.
Drilling results indicate that a relatively flat-lying zone of gold mineralization exists near surface, as evidenced by intercepts in holes P20-93, 96 and 98, all of which correlate with previously drilled hole P20-65. While these intercepts average approximately 0.1 g/t Au, they are above 50-metre depth and require follow-up drilling. It is interpreted that this zone correlates with the gold mineralization in the underground workings and that holes P20-92, 94 and 95 may have drilled underneath this horizon. The zone appears to dip shallowly to the east and a series of vertical holes will be required to further test the continuity of the mineralization.
HIGHLIGHTS OF PAMLICO RC DRILLING, HOLES P20-92 TO 110, INCLUSIVE
Hole Area From To Length Au Ag Comments
(m) (m) (m) g/t g/t
P20-93 Gold Box Canyon 1.52 6.10 4.58 0.097 4.67 Correlates with hole P20-65
P20-96 Gold Box Canyon 32.01 47.26 15.25 0.115 1.62 Down-dip of P20-93
P20-98 Gold Box Canyon 4.57 10.67 6.10 0.092 5.40 Correlates with P20-65&93
P20-99 Merritt zone 13.72 19.82 6.10 0.833 3.58 Lost at 76 m caving
36.59 41.16 4.57 0.462 0.24
65.55 67.07 1.52 0.977 2.30
P20-101 Good Hope mine 6.10 16.77 10.67 0.274 0.32 Rhyolite
and 22.87 35.06 12.19 0.262 1.75 Tuff
including 22.87 27.44 4.57 0.614 0.87
P20-103 Good Hope mine 9.15 32.01 22.86 0.192 1.95 Rhyolite above tuff
including 9.15 13.72 4.57 0.587 3.33
P20-104 Good Hope mine 0.00 15.24 15.24 0.749 3.46 Rhyolite
including 0.00 3.05 3.05 3.145 9.20 Vein quartz
P20-105 Good Hope mine 10.67 15.24 4.57 0.655 13.57 Vein quartz
P20-106 Good Hope mine 9.15 13.72 4.57 1.210 17.60 Vein quartz and Fe oxides
P20-106A Good Hope mine 57.93 60.98 3.05 0.367 1.75 Offset of 106, encountered
mine workings in target
P20-107 Merritt zone 12.20 19.82 7.62 0.420 1.92
47.26 51.83 4.57 0.565 4.67
57.93 67.07 9.15 0.583 0.76
P20-108 Merritt zone 1.52 6.10 4.57 0.533 0.93
38.11 47.26 9.15 0.566 0.25
P20-109 Merritt zone 44.21 50.30 6.10 0.534 1.95
118.90 121.95 3.05 0.323 1.55
P20-110 Merritt zone 16.77 27.44 10.67 1.250 2.84
including 19.82 22.87 3.05 4.250 4.95
and 53.35 74.7 21.35 0.742 3.69
Drilling in the Merritt zone comprised a combination infill and step-out holes and continues to expand and confirm gold mineralization peripheral to the company's 2017 drill holes. Holes P20-99 and P20-107 to 110, inclusive, all encountered significant intercepts of near-surface oxide gold mineralization highlighted by hole P20-110, which contained 3.05 metres averaging 4.250 grams per tonne Au within a larger interval averaging 1.250 g/t Au over 10.67 metres from a vertical depth of 16.77 metres, followed by a second interval of gold mineralization averaging 0.742 g/t Au over the 21.35-metre from 53.35-metre vertical depth. Holes 99, 107 and 108 expanded mineralization to the southwest 30 to 40 metres while holes 109 and 110 expanded mineralization 15 to 30 metres in a north-northeast direction.
Good Hope mine
Holes P20-100 to 106, inclusive, and 106A tested gold mineralization in the area of the Good Hope mine, in the southern portion of Pamlico Ridge. Underground sampling by Newrange in this area in 2019 and 2020 demonstrated good lateral continuity of gold mineralization. Drilling has now confirmed that gold mineralization here is very shallow and locally outcrops as demonstrated by hole P20-104 that intersected 15.24 metres of oxide gold mineralization from surface grading 0.749 g/t Au, including a higher-grade interval from surface grading 3.145 g/t Au over 3.05 metres. All holes were drilled vertically such that the gold zone appears to be approximately 4.6 to 15.2 metres in thickness with a shallow dip to the south-southeast, and it is still open to the northwest, northeast and southeast.
These drill results, together with all of the company's previous drilling and underground sampling, continue to indicate that oxide gold mineralization at Pamlico occurs in a large, near-surface, shallow-dipping to nearly flat, laterally extensive structural zone. This zone is focused near a major contact between latite tuffs and overlying rhyolite tuffs and flows, with mineralization locally extending upward into the rhyolite along structural zones. The company postulates that mineralization may have migrated laterally throughout the more permeable portions of this shattered contact zone from the apparently sulphide-rich Line 5 chargeability anomaly identified in the company's 2020 induced polarization (IP) survey. Of note, drilled mineralization in the Good Hope mine is more than 1.5 kilometres distant from the approximate centre of the Line 5 anomaly.
Drilling has resumed following the holiday break and is following up on the interpreted intrusive-related gold mineralization intersected in hole P20-91 (see Newrange news release dated Dec. 1, 2020). Discrete chargeability anomalies are being targeted with the RC drill in order to identify potential
structural controls on gold mineralization that may aid in targeting deeper holes with a diamond drill. The company is also in discussions with a geophysical contractor to extend the IP coverage across the property. Not only would this outline the extent of the large anomaly currently interpreted to be related to gold mineralization, but it should also detect any skarn-type mineralization on the property, particularly in the southeastern area where skarn alteration has been observed.
Quality assurance/quality control
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. All drilling was conducted by reverse circulation (RC) methods using a five-inch-diameter centre return bit. All drilling was supervised by professional geologists. Samples were collected on 1.5-metre (five-foot) intervals. Drill cuttings were captured in a vacuum augmented, closed system cyclone, then riffle split in a three-tiered Jones-type splitter. Samples were then securely stored and delivered to Paragon Geochemical Laboratories in Sparks, Nev., for sample preparation and analysis. Samples were dried then stage crushed to 80 per cent passing 10 mesh. A 300-gram subsample was then split out and pulverized to 90 per cent passing 140 mesh from which one-assay-ton, approximately 30-gram samples were split for analysis by fire assay (FA) with an OES finish. Samples assaying in excess of five g/t Au were reassayed by fire assay with a gravimetric finish. Silver was determined by fire assay with an atomic absorption finish. In addition to the QA/QC conducted by the laboratory, the company inserts blanks, standards and certified reference material (CRM) at a rate of not less than one in 20. Duplicate samples are collected for all drill samples and are submitted at a rate of one in 40.
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 a precious metals exploration and development company focused on near to intermediate term production opportunities in favourable jurisdictions including Nevada, Ontario and Colorado. With numerous drill intercepts of near-surface oxide gold mineralization to 340 grams gold per metric 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.
We seek Safe Harbor.
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