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Newrange Gold Corp.
Summary
| Project: | Pamlico | |
|---|---|---|
| Deposit: | Pamlico | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 4/23/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-4-2019: Newrange Gold Corp. announces an Exploration/Drilling Update report for its Pamlico deposit at the Pamlico project. Drilling results incl. 67.1m @ 1.13g/t Au from 0.0m. VANCOUVER, BRITISH COLUMBIA, April 23, 2019 (TSXV: NRG, OTCQB: NRGOF, Frank | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Carrington (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA, April 23, 2019 (TSXV: NRG, OTCQB: NRGOF, Frankfurt: X6C) – Newrange Gold Corp. ("Newrange" or the “Company") reports that all final assays for the remaining three large diameter (PQ) diamond drill holes at the Company’s Pamlico gold project have been received. Four core holes were drilled as a test to compare the advantages and disadvantages with the reverse circulation (“RC”) drilling method used to date. Information obtained from the core holes confirmed the highly mineralized and structurally complex nature of the small area tested, with all holes intersecting broad zones of disseminated / stock work, oxide gold mineralization hosted in tuffaceous volcanic rocks. In all three core holes that “twinned” RC holes, intervals of fine grained, low-grade gold mineralization showed reasonably good correlation between drilling methods, but higher-grade assays were not consistently comparable. As previously reported (see Newrange press release of Jan. 28, 2019), assays from core hole PC18-01 were notably higher than in adjacent RC hole P17-04, and the highest grades over a 1.52 m interval were 27.93 g/t compared to 9.40 g/t, respectively. However, higher grade assays from core holes PC18-02 and 03 (7.17 g/t over 1.28 m and 2.02 g/t over 1.37 m, respectively) were lower than those in the adjacent RC holes (340.9 g/t over 1.52 m and 64.88 g/t over 1.52 m, respectively). Hole PC18-04 was drilled as a ‘step out’ into a previously untested structural target and intersected a broad zone of low-grade gold mineralization with higher grades up to 5.81 g/t Au over 1.65 m (see comparison table below). As a subsequent check, cyanide shake assays and metallic screen analyses were conducted on select samples from the core holes and showed a good correlation with the initial fire assay results. | |
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