Newrange Commences Drilling at North Birch Project

Newrange Commences Drilling at North Birch Project

(TheNewswire)

Newrange Gold Corp.

VANCOUVER, BRITISH COLUMBIA TheNewswire - February 17, 2022 (TSXV:NRG ) US (OTC :NRGOF ) ( Frankfurt:X6C) Newrange Gold Corp. (" Newrange " or the " Company ") is pleased to announce that diamond drilling has commenced on its 100% owned North Birch Project in the Birch-Uchi greenstone belt northeast of Red Lake, Ontario.  Approximately 2,000 metres are planned, with the first five holes testing a three-kilometre strike length of the main target horizon, interpreted to be a sheared limb of a folded iron formation (see Figure 1 ).

"We are excited to start the inaugural drill program on the main iron formation target at North Birch," stated Robert Archer, Newrange's President & CEO.  "This target has never been drill-tested but, with gold elsewhere on the property and at the nearby Argosy Gold Mine and Springpole Deposit, it checks all the boxes for a potential discovery."


Click Image To View Full Size

Figure 1:  Airborne magnetic map of the North Birch Property highlighting folded iron formation (in red/purple), gold showings and primary target horizon for the 2022 drilling program

The 3,850-hectare North Birch Project encompasses a folded and sheared iron formation that is structurally similar to Newmont's Musselwhite Mine, 185 kilometres to the northeast and the largest of this class of deposits in Canada, with past production and reserves exceeding 7 million ounces (Ontario Geological Survey and Newmont Corporation).  The Pickle Lake District, in the next greenstone belt to the east of Birch-Uchi, contains several deposits hosting gold in iron formation and adjacent rocks and has collectively produced 2.9 million ounces of gold since 1935 (MNDM archives).

Qualified Person

The technical content disclosed in this press release was reviewed and approved by David Hladky , P.Geo., Senior Geologist for Newrange and a Qualified Person as defined under National Instrument 43-101.

About Newrange Gold Corp.

Newrange is focused on district-scale exploration for precious metals in favorable jurisdictions including Nevada and Ontario.  The Company's Pamlico Project in Nevada contains a large-scale multi-phase polymetallic mineralizing system with multiple gold and copper targets spread over more than 5,700 hectares.   In the prolific Red Lake District of northwestern Ontario, the past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential.  Focused on developing shareholder value through exploration and development of key projects, the Company is committed to building sustainable value for all stakeholders.  Further information can be found on our website at www.newrangegold.com .

Signed: "Robert Archer"

President & CEO

For further information contact :

Sharon Fleming

Corporate Communications

Email: info@newrangegold.com

Phone: 760-898-9129

Dave Cross

Chief Financial Officer and Corporate Secretary

Email: dcross@crossdavis.com

Phone: 604-669-0868

Website: www.newrangegold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Forward-Looking Statement:

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Newrange Gold Corp. Actual results may differ materially from those currently anticipated in such statements.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

NRG:CA
The Conversation (0)
Newrange Gold

Newrange Gold

District Scale Gold Exploration in Nevada and Ontario

District Scale Gold Exploration in Nevada and Ontario Keep Reading...
Newrange Signs Letter of Intent to Acquire Coricancha Au-Ag-Cu-Pb-Zn Mine in Peru

Newrange Signs Letter of Intent to Acquire Coricancha Au-Ag-Cu-Pb-Zn Mine in Peru

(TheNewswire) VANCOUVER, BRITISH COLUMBIA TheNewswire - September 13, 2022 (TSXV:NRG ) (OTC :NRGOF ) ( Frankfurt:X6C) Newrange Gold Corp. (" Newrange " or the " Company ") announces that, on September 12, 2022, it signed a non-binding Letter of Intent with Great Panther Mining Limited ("Great... Keep Reading...
Newrange Provides Exploration Update

Newrange Provides Exploration Update

(TheNewswire) VANCOUVER, BRITISH COLUMBIA TheNewswire - May 17, 2022 (TSXV:NRG ) (OTC :NRGOF ) ( Frankfurt:X6C) Newrange Gold Corp. (" Newrange " or the " Company ") is pleased to provide an update on its exploration projects in the Red Lake District of Ontario and the Walker Lane Trend of... Keep Reading...
Newrange Gold Extends Deadline for Non-Brokered Flow-Through and Non-Flow-Through Financing

Newrange Gold Extends Deadline for Non-Brokered Flow-Through and Non-Flow-Through Financing

(TheNewswire) TSXV:NRG ) (OTC :NRGOF ) ( Frankfurt:X6C) Newrange Gold Corp. (" Newrange " or the " Company ") announces that, further to its news release dated February 24, 2022, the Company has extended its non-brokered flow-through and non-flow-through private placement for aggregate gross... Keep Reading...
Newrange Confirms Structural Interpretation with First Drill Hole at North Birch Project

Newrange Confirms Structural Interpretation with First Drill Hole at North Birch Project

(TheNewswire) VANCOUVER, BRITISH COLUMBIA TheNewswire - March 9, 2022 (TSXV:NRG ) (OTC :NRGOF ) ( Frankfurt: X6C) Newrange Gold Corp. (" Newrange " or the " Company ") is pleased to announce that the first diamond drill hole on the Primary Target Horizon ("PTH") at the 100% owned North Birch... Keep Reading...
Newrange Gold Closes First Tranche of Non-Flow-Through Financing and Announces Flow-Through Financing

Newrange Gold Closes First Tranche of Non-Flow-Through Financing and Announces Flow-Through Financing

(TheNewswire) TSXV:NRG ) (OTC :NRGOF ) ( Frankfurt:X6C) Newrange Gold Corp. (" Newrange " or the " Company ") is pleased to announce the closing of the first tranche of a non-brokered private placement for gross proceeds of $408,100 consisting of 5,830,332 non-flow-through units (the "NFT... Keep Reading...
Chess pawns casting a shadow resembling chess kings on a textured surface.

IAMGOLD Expands Quebec Footprint With Twin Acquisitions of Northern Superior, Orbec

IAMGOLD (TSX:IMG,NYSE:IAG) is tightening its grip on one of Quebec’s most promising gold districts with back-to-back acquisitions aimed at consolidating control over a vast stretch of the Chibougamau region. In the span of two days, the mid-tier gold producer announced definitive agreements to... Keep Reading...
Rich Checkan, gold bars.

Rich Checkan: Gold Nowhere Near Top, Use Price Dips to Buy

Morgan Stanley (NYSE:MS) recently recommended that investors consider a 60-20-20 portfolio where 20 percent is allocated to gold. Rich Checkan, president and COO of Asset Strategies International, crunches the numbers, explaining what that type of shift could mean for the yellow metal. He also... Keep Reading...
Graphic reading "Top 5 Canadian mining stocks this week" in front of stock market graph in background.

Top 5 Canadian Mining Stocks This Week: JZR Gold Jumps 113 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.The Government of Ontario started taking applications for resource development projects under... Keep Reading...
Nevgold President, CEO and Director Brandon Bonifacio.

NevGold Discovers “Highest-grade” Antimony Drilled to Date at Nevada Project

With grades of up to 14.9 percent, NevGold's (TSXV:NAU,OTCQX:NAUFF) newly discovered Bullet zone within the Resurrection Ridge target area is the highest-grade antimony ever drilled to date at the company’s Limo Butte project in Nevada, according to NevGold’s president and CEO, Brandon... Keep Reading...
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has... Keep Reading...

Latest Press Releases

Related News