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)

Newrange Gold Corp.

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 Project has confirmed the presence of a strong deformation zone, well in excess of 100 metres wide, as originally interpreted from the geophysics (see Figure 1 ).  The sheared and folded basalts and iron formation ("IF") also display moderate to intense carbonate alteration and local quartz veining.  Pyrite and pyrrhotite mineralization occur as disseminations, stringers and, locally, as ‘clots' within quartz veins and veinlets.


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 first hole is encouraging as it is an important step in confirming our exploration model at North Birch," stated Robert Archer, Newrange's President & CEO.  "The structural environment as interpreted from airborne magnetics and LiDAR imagery is the basis for identifying the PTH.  In this environment both the IF and the basalts can be mineralized and the presence of strong shearing and carbonate alteration with local quartz veining and sulphides are great indicators that we are on the right track."

Hole NB22001 was designed to provide geological information in the vicinity of an interpreted fold structure.  It was drilled first mainly for logistical reasons, being closest to camp and a water source, as the temperature had dropped to -40°C during mobilization and setup.  Holes NB22002 to 005 will continue to step out to the north-west along the Primary Target Horizon and test coincident chargeability and magnetic anomalies along a three-kilometre strike length.

The 3,850-hectare North Birch project is located in the Birch-Uchi greenstone belt northeast of Red Lake, Ontario, immediately adjacent to the past-producing Argosy Gold Mine (also owned by Newrange) and 12 kilometres from the Springpole Deposit being developed by First Mining Gold.

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

Phone: 760-898-9129
Email: info@newrangegold.com

Dave Cross

Chief Financial Officer and Corporate Secretary

Phone: 604-669-0868

Email: dcross@crossdavis.com

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...
5m @ 13.1g/t Gold Intersected within 20m Mineralised Zone in First Drill Hole to Test New Target at Titan East

5m @ 13.1g/t Gold Intersected within 20m Mineralised Zone in First Drill Hole to Test New Target at Titan East

Artemis Resources (ASX: ARV) (Artemis or the Company) is pleased to report a high-grade gold intersection in the first RC hole testing an interpreted NE trending shear zone at the Titan East Prospect, 1.5km west of the Carlow gold-copper resource1. HighlightsFirst Reverse Circulation (RC) drill... Keep Reading...
Patrick Tuohy, gold bars and silver chart.

Patrick Tuohy: Gold's Status Has Changed, Higher Price is Inevitable

Patrick Tuohy, global head of sales and marketing Goldstrom, shares his outlook for gold, saying its position as a store of value has been reestablished.In his view, the yellow metal has found a new price floor at US$3,000 per ounce. Don’t forget to follow us @INN_Resource for real-time... Keep Reading...
Total Metals (TSXV:TT)

TSX-V: TT Closes Acquisition of High Lake and West Hawk Lake from McFarlane Lake Mining and Closing of Final Tranche of Non-Brokered Private Placement

Total Metals Corp. (“Total Metals” or the “Company”) (TSX-V: TT) (FSE: O4N) is pleased to announce the closing of its acquisition of the High Lake and West Hawk Lake (the “Projects”) from McFarlane Lake Mining Corporation (“MLM”), as previously announced on September 24, 2025 (the... Keep Reading...
Map with a red pin marking Ghana, near Côte d'Ivoire and Benin.

Newmont Declares Commercial Production at Ahafo North Gold Mine

Newmont (NYSE:NEM,ASX:NEM) announced that its Ahafo North project in Afrisipakrom, Ghana, has officially entered commercial production, following the site's first gold pour last month. Located about 50 kilometers from Newmont’s existing Ahafo South operation, the Ahafo North mine is expected to... Keep Reading...
Diamond Drilling Commenced at Paranaíta Gold Project

Diamond Drilling Commenced at Paranaíta Gold Project

Visually mineralised targets being drilled to build on existing resource

Jangada Mines Plc (AIM: JAN), a Brazil focused natural resource development company, is pleased to announce that its 15-hole 1,800m diamond drilling ("DD") programme has commenced at the 7,211-hectare Paranaíta Gold Project ("Paranaíta" or the "Project") located in Brazil's historically... Keep Reading...
Lahontan Gold (TSXV:LG)

Lahontan Recieves $4,316,948 From the Exercise of Warrants and Options

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce the receipt of Cdn $4,316,948 from the exercise of warrants and stock options during the period July 4 through October 23, 2025. Following the exercise of the warrants, stock options, and the issuance... Keep Reading...

Latest Press Releases

Related News