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Newrange Gold Corp.
Summary
| Project: | Pamlico | |
|---|---|---|
| Deposit: | Pamlico | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-1-2019: Newrange Gold Corp. announces an Exploration/Drilling Update report for its Pamlico deposit at the Pamlico project. Drilling results incl. 4.58m @ 9.75g/t Au from 53.96m. VANCOUVER, BRITISH COLUMBIA, January 28, 2019 (TSXV: NRG, US: NRGOF, Fran | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Carrington (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA, January 28, 2019 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) – Newrange Gold Corp. ("Newrange" or the “Company") is pleased to announce that the first large diameter (85 mm, PQ) core hole drilled on the Pamlico Project in Nevada has yielded overall higher gold grades than reverse circulation (RC) drilling in the twinned hole. Core hole PC18-01 was drilled 2 meters southwest of RC hole P17-04 to a depth of 67.07 meters (220 feet) and the large diameter core yielded materially higher-grade assays than the RC samples in P17- 04. Three discrete mineralized zones were identified and compared between the holes. While Zone 1 returned similar results in the two holes, Zones 2 and 3 displayed significantly higher assays in the core hole. The tabulations below provide a side by side comparison of mineralized intervals within holes PC18-01 and P17-04. The average grade of the entire core hole (67.07m or 220 ft) was 1.13 g/T Au compared to 0.42 g/T Au over the same interval in the RC hole. Robert Carrington, the Company’s President and Chairman comments that, “All in all, we consider these results to be extremely positive. While we still need to see what the other holes tell us, the data from the first core hole compared to RC hole P17-04 certainly seems to support the thesis that the RC drilling has materially under-reported the gold content of the Pamlico system. This drilling also seems to put to rest concerns about ‘down hole contamination’ in the RC drilling as there is a reasonably good | |
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