Drill Plans For Good Hope Mine Area Of Pamlico Project

VANCOUVER - Newrange Gold Corp. reported that it is in receipt of all necessary permits and has commenced road and drill site construction to drill test high-grade gold mineralization previously reported by the Company in the Good Hope Mine area of Pamlico Ridge. Gold-silver mineralization was sampled on and between several levels of the Good Hope Mine from the 5570 level to the 5718 level (numbers reflect feet above mean sea level). The mineralization is locally well exposed in the complex workings and shows good continuity, while remaining open along strike and down dip. The main gold-bearing structure dips shallowly to the southwest and consists of a higher-grade core ranging from 0.3 to 1.0 meter in width flanked by a lower grade halo up to 17 meters wide.

The Good Hope Mine area is an extension of the well-mineralized Pamlico Ridge, with highly oxidized, locally high-grade gold mineralization hosted along the same or a similar brecciated rhyolite - latite contact as is seen elsewhere along the Ridge, in the Merritt Area and in Gold Box Canyon. Gold mineralization at the Good Hope Mine is known to extend for at least 150 meters along strike and up to 250 meters down-dip but has never been drilled.

Drilling will commence immediately upon completion of the road and drill sites, and is expected to start soon, with at least 7 drill holes planned for the initial test of this area.