- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Newrange Gold identifies new area of high grade gold mineralization at Good Hope Mine in Nevada
The mineralization came in at an average grade of 12.9 grams per ton (g/t) gold and 27.1 g/t silver
Newrange Gold Corp (TSXV:NRG, OTCMKTS:NRGOF) has identified a new zone of high-grade gold mineralization at its Good Hope Mine project in Nevada.
The mineralization, which was found as part of the Vancouver-based company’s underground channel sampling program, came in at an average grade of 12.9 grams per ton (g/t) gold and 27.1 g/t silver.
At an average width of 0.4 metres, the area is contained within a halo-type mineralization ranging anywhere from 5 to 9.4 metres wide at an average grade of 3.8 g/t gold and 5.6 g/t silver. The open-ended zone is more than 39 metres long.
Defined by 115 channel samples, this mineralization occurs in the interconnecting 5710 and 5718 levels of the Good Hope Mine, the highest elevation workings sampled to date on the Pamlico project, Newrange said in a statement Tuesday.
“With only a small number of assays pending, we are very pleased with the outcome of the underground work at the Good Hope Mine,” said Robert Archer, Newrange’s CEO.
The area is effectively ready to be drilled, Archer told shareholders. Newrange’s crew has moved to the adjacent Gold Bar Mine, where it found visible gold in the historic dumps outside the portals and will prepare the area in a similar fashion.
Together with others from the Good Hope Mine, the results identify high-grade mineralization with a combined strike length of more than 80 metres and more than 61 metres of vertical development, according to Newrange.
The junior has successfully sampled all major mine workings in the Good Hope Mine, with only the results for the 5609 level still pending.
Shares of Newrange jumped 12.5% on Tuesday afternoon in Toronto at C$0.14 and traded at US$0.09 over the counter.
Click here to connect with Newrange Gold Corp. (TSXV:NRG, OTC:NRGOF) for an Investor Presentation.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.