0.75 ounces to grams

Newrange Provides Year-end Update on Pamlico Project

(TheNewswire)



TSXV:NRG ) (OTC :NRGOF ) ( Frankfurt: X6C) Newrange Gold Corp. (" Newrange " or the " Company ") is pleased to provide an exploration update and overview of targets being developed on its Pamlico Project in Nevada where the Company is outlining a large-scale, multi-phase, polymetallic mineralizing system

As indicated in Newrange press release of October 6, 2021, ongoing mapping, rock and soil sampling, in conjunction with the expanded IP survey, are building upon the knowledge base that was previously confined to the historic Pamlico Mines area.  Within the recently enlarged property (now more than 5,700 hectares) covering an area that has seen little to no previous exploration, Newrange geologists have identified a multi-phase intrusive system with locally strong copper +/- zinc mineralization at surface.

"Our field geologists are making great progress on the evaluation and understanding of the geological setting of the enlarged property," stated Robert Archer, Newrange President & CEO.  "We are starting to build a district-scale framework for the gold and copper mineralization that we are seeing, incorporating a re-evaluation of known zones with recently discovered ones.  This approach is allowing us to groom several significant target areas for drilling in 2022."

Target Areas:

  • Merritt Area/Pamlico Mines: Gold mineralization in and around the Merritt Decline is being reinterpreted with the goal of further defining, and potentially enlarging, the zone of near surface high-grade gold.

  • "91" Zone: Discovered in late 2020 in the historic Central Mine area, 1,300 metres northeast of the Merritt Decline, the "91" Zone presents a significant bulk tonnage gold target.

  • La Panta Mine: In the northern part of the property, the historic polymetallic La Panta Mine is being re-evaluated for potential continuations of gold-silver-copper-lead-zinc mineralization.

  • Pamlico East: Southeast of La Panta, a north-south copper-bearing shear (see Fig. 1 ) has been identified that shows a strong spatial association with a similarly-trending and three-kilometre-long Induced Polarization (IP) anomaly.  As previously reported (Oct. 6, 2021), grab samples along the structure have returned 5.59%, 1.36%, 2.43% and 1.63% copper over a strike length of approximately 250 meters.


Click Image To View Full Size

Fig. 1 : Copper-bearing shear in limestone, ‘Pamlico East' Target Area

  • Skarn Zone/McGill Canyon: Rock and soil sampling in this area, approximately 4 kilometres southeast of the Merritt Decline, demonstrates widespread gold-silver-copper-lead-zinc mineralization proximal to the contact between a felsic intrusive and limestones and coincident with a moderate IP anomaly.  In particular, grab samples with individual assays of up to 3.0 g/t gold, 2.8% copper and 5% zinc, were taken over an area of 1.2 kilometres east-west by 1.3 kilometres north-south.*

  • Pamlico South: In this new area, south of the Skarn Zone and extending along the southern part of the property, several intrusive bodies have been recognized and are being mapped out in more detail.  Grab samples from shears, veins and contact zones within the intrusive rocks returned up to 3.75% copper with associated endoskarn alteration (see Fig. 2 ), while copper mineralization up to 4.2% in grab samples along with widespread anomalous copper, zinc and lead in soils is associated with exoskarn alteration within the adjacent sedimentary rocks.*  This extensive area is underlain by a strong chargeability (IP) anomaly roughly 3 kilometres across.


Click Image To View Full Size

Fig. 2 : Copper-bearing intrusive rocks in old dump, ‘Pamlico South' Target Area

Property-wide mapping and rock sampling is ongoing and the aforementioned target areas (see Fig. 3 ) are being prioritized for drilling in 2022.

Quality Assurance/Quality Control

All rock samples were securely stored following collection and delivered to Paragon Geochemical Laboratories in Sparks, Nevada for preparation and analysis.  Samples are dried then stage crushed to 70% passing 10 mesh.  A 250-gram sub-sample is then split out and pulverized to 85% passing 200 mesh from which 1 Assay Ton (approximately 30-gram) samples are split for analysis by fire assay (FA) with an Aqua Regia (AQR) digest and OES finish.  Samples assaying in excess of 5 g/t Au are re-assayed by FA with a gravimetric finish.  Silver was determined by FA with an atomic absorption finish.  Samples submitted for multi-element geochemistry were subjected to AQR digestion and ICP-OES.  In addition to the QA/QC conducted by the laboratory, the Company inserts blanks, duplicates, standards, and certified reference material (CRM) at a rate of not less than 1 in 20.


Click Image To View Full Size

Fig. 3 : Pamlico Project Compilation Map

(*Note:  A total of 130 grab samples with assays ranging from

Qualified Person

Mr. Robert A. Archer, P. Geo, a Qualified Person as defined by National Instrument 43-101, and the President and CEO of the Company, has reviewed, verified and approved for disclosure the technical information contained in this news release.

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                                        Dave Cross

Corporate Communications                                Chief Financial Officer and Corporate Secretary

Phone: 760-898-9129                                 Phone: 604-669-0868
Email:        info@newrangegold.com                        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) 2021 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

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...
Golden arrow and steps on dark background, symbolizing upward progress.

Aureka Reports Highest-grade Gold Assay at Irvine Project to Date

Aureka (ASX:AKA) said on Wednesday (October 15) that it has achieved a milestone at its flagship Irvine gold project, recording the highest-grade assay since the asset's discovery in 2017.The assay was within a larger 10 metre gold intercept zone, with results as follows:10 metres at 12.1 grams... Keep Reading...

Latest Press Releases

Related News