Newrange Gold Completes IP Survey At Pamlico

VANCOUVER – Newrange Gold Corp. reported that the expanded Induced Polarization (IP) survey on the Pamlico Project in Nevada has been completed and interpreted.  The new survey comprised 56.35 line kilometers, bringing the total, including the 2019-20 survey, to more than 76.5 line kilometers, covering the entire property.  Three large areas of anomalous chargeability were detected, all of which encroached on the property boundary such that the Company has staked additional ground, more than doubling the size of the property.  The ultimate size will depend upon an ongoing assessment of the new anomalies and the geological setting and prospectivity of each.

“The new IP survey has been highly successful in not only further defining and extending the known anomalies, but has identified others of potential significance,” said, Robert Archer, CEO. “All three anomalous zones, the Northwest, East and Southeast Areas, are 2-3 kilometers in size and each contains more than one discrete zone of high chargeability.  Collectively, they reflect a district-scale cluster extending approximately five kilometers east-west and more than six kilometers north-south. For this reason, we considered it prudent to enlarge the property to cover as much of the new anomalies as possible. The Northwest Area contains the previous ‘Line 5’ anomaly that we have interpreted to be related to gold mineralization in the Merritt and ‘91’ Zones and the historic mines along Pamlico Ridge.  The Southeast Area covers our previously identified Skarn Zone, while the East Area is new and may be related to the Southeast Area anomalies.  Our new exploration model is being updated to incorporate these results and field work has been expanded to include mapping, prospecting and soil sampling of the anomalous areas.”  

Given the association of gold mineralization with oxidized fine-grained sulfides at Pamlico, IP has been critical in detecting remnant pyrite below the oxidation level.  The identification of several large IP anomalies in the Pamlico area is highly encouraging as these could be the manifestation of extensive pyrite mineralization that, in turn, could be related to the gold mineralization in the district.

Final preparations are being made to recommence the Reverse Circulation (RC) drilling program following up on the discovery of high-grade gold mineralization just east of the Merritt Zone and to initiate a diamond drilling program.  The latter will consist of a minimum of 5 holes in approximately 2,500 meters and will initially test the deep chargeability anomalies in the ‘91’ Zone area and the Skarn Zone.  It is likely that this program will be expanded.