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Nevada is rated the fifth-largest gold producer and number one mining destination in the world Exciting ground in Ontario as well What Newrange Gold does: Newrange Gold Corp s (CVE:NRG) flagship project is the high-grade, near-surface gold discovery at Pamlico in mining-friendly Nevada. The company boasts a large footprint, covering 2,548 hectares, which also encompasses a past gold producing area (with old mine workings) but has been unexplored and in private hands (three families) since 1896 so it has seen almost no modern exploration techniques. Newrange is earning-in to 100% of Pamlico, which lies along US Highway 95, via staged annual payments up to 2044. There are around 8,000 meters (m) of tunnels scattered throughout the district and 300 adits (entrances) in the old workings but no maps and data. The Pamlico group of mines includes the Good Hope, Gold Bar, and Sunset mines. ....
Newrange Gold Corp advancing highly prospective assets in Nevada and Ontario proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Research Report Streetwise Reports (2/27/21) Drill results from Newrange Gold s Pamlico project in Nevada are presented and interpreted in a Noble Capital Markets report. In a Feb. 24 research note, Noble Capital Markets analyst Mark Reichman reported that Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTCQB) discovered, through drilling, a new high-grade gold mineralization near the Merritt Zone at its Pamlico project. The recent results are very encouraging and are helping management s understanding of the geological environment at Pamlico, wrote Reichman. The analyst reviewed the latest drill results, a combination of 19 holes (up to hole P20-110) placed in the Gold Box Canyon, the Good Hope Mine and the Merritt Zone, along with six new holes (from P20-111 through P20-117). ....
News Update Streetwise Reports (2/25/21) Results lend credence to Newrange Gold s hypothesis that multiple high-grade zones surrounded by lower grade halos exist over a much broader area of its Pamlico project. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release that through drilling, it discovered oxide gold mineralization 85 meters (85m) east of the Merritt zone at its Pamlico project in Nevada. It is not yet clear if this new zone is continuous with the Merritt zone, which was previously thought to have been cut off to the east in the direction of hole P20-115, the release noted. ....