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Newrange Gold Corp.
Summary
| Project: | Pamlico | |
|---|---|---|
| Deposit: | Pamlico | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 7/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-7-2018: Newrange Gold Corp. announces an Exploration/Drilling Update report for its Pamlico deposit at the Pamlico project. Drilling results incl. 39.6m @ 1.482g/t Au from 85.4m. VANCOUVER, BRITISH COLUMBIA, July 10, 2018 (TSXV: NRG, US: NRGOF, Frankfu | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Carrington (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA, July 10, 2018 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) – Newrange Gold Corp. ("Newrange" or the “Company") is pleased to announce Phase III drill results have extended the mineralized gold trend to approximately 1,600 ft (488 m) on strike to the southeast from the Merritt Decline Area along Pamlico Ridge. This latest round of drilling demonstrates an approximate 400% increase of prospective high-grade vein and disseminated gold targets. This drilling expanded both the strike length and width of the mineralized corridor, and identified new host rock and structural settings favorable for hosting gold mineralization. A geologic plan map and two cross sections provide summary reference information on the Company website here. Drilling consisted of seven holes totaling 5,337 ft (1,627 m). Three of these holes have intersected significant oxide gold mineralization, while two of the holes, P18-44 and 47 confirm the discovery of a potentially significant new oxide gold zone in a previously unknown, but favorable host rock sequence near recently mapped major northwest fault zones at Pamlico Ridge. Using the “Front Vein” in the Merritt Decline as a northwest limit to previously known gold mineralization, the 2017 drilling extended reportable gold intercepts approximately 400 ft (122 m) to the southeast along trend. Results from the 2018 program in holes P18-44 and P18-47 now extend this trend to 700 ft (213 m), while P18-41 intercepts are approximately 1,600 ft (488 m) to the southeast and along trend from the Front Vein. A summary assay table covering the initial 7 holes at Pamlico | |
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