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TSX-V:NRG

Newrange Gold Corp.

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Market:
TSX-V
Market Cap:
$30.92 m
Price
0.27 CAD
Change
-1.82%
52 weeks high
0.31
52 weeks low
0.07

Newrange Gold Corp. (TSXV: NRG) diversified into the United States in 2016 by acquiring the high-grade Pamlico gold project in Nevada. The project is unique in that it is district-scale and nearly unexplored, with multi-million ounce potential in the legendary Walker Lane trend of Nevada. The company is led by a team of successful company builders and mine finders. With over 100 years of combined Nevada exploration experience they have been involved in the discovery of 60+M oz gold and 200+ M ozs silver. The Pamlico Project will see significant exploration throughout 2019.

PAMLICO GOLD PROJECT

PROJECT HIGHLIGHTS
Newrange Gold’s exploration work for 2019 will continue to focus on defining a multi-million ounce, near surface, oxide gold resource (this estimate is conceptual in nature at this stage), with additional target definition, expanded underground mapping and sampling, reverse circulation (RC) and core drilling.

Pamlico work program to date includes:

  • Extensive surface and underground mapping and sampling
  • Property wide magnetic, radiometric and gravity geophysical surveys
  • Phase I, II and III drilling programs (47 holes)
  • Drilling of four deep holes to evaluate host rocks stratigraphy
  • Structural interpretation and 3D modeling from drilling data
  • Staking of new claims increasing property size to 1,670 hectares
  • Initiated metallurgical testing through Cyanide shake assays
  • Conducted test program of large-diameter diamond drilling

JV OPPORTUNITIES

EL DOVIO, COLOMBIA

Newrange holds 100% undivided interests in the mineral licences that cover all potential mineralization at El Dovio and has purchased 100% of the surface rights covering the same ground at El Dovio. In October 2018, the Company has entered into a Joint Venture Option Agreement with Andean Mining Pty. Ltd. of Australia whereby Andean Mining can earn an undivided 65% in the El Dovio Project for cash and shares payments plus exploration work commitments. The property covers high-grade polymetallic gold-silver-copper-zinc mineralization in a belt of marine volcano-sedimentary rocks known to host other polymetallic and Volcanogenic Massive Sulfide (VMS) prospects and mines. Exploration at El Dovio indicates significant potential to discover deposits with high unit value and low metal prices sensitivity.

Work by Newrange has materially expanded the strike of known mineralization at El Dovio and identifies a zone hosting high-grade polymetallic mineralization ranging from 10 to 68 meters wide in outcrop and approximately 1 kilometer long that has locally been traced down dip more than 120 meters below outcrop with current drilling. Mineralization remains open to extension on strike and to depth. Prospect drilling in the Brazo 1 area of the property intersected fine grained bedded sulfides consisting of pyrite with trace amounts of sphalerite and chalcopyrite in an exhalative horizon, confirming the presence of a VMS target on the property.

YARUMALITO, COLOMBIA

Newrange Gold Corp.’s (NRG) Yarumalito project covers a large gold dominant porphyry complex composed of multiple intrusive centers. The property covers 1,456 hectares of highly prospective terrain 11 air kilometers north of the famed Marmato District, along what is commonly termed the “Mid Cauca Belt” a segment of the Andean Porphyry Belt that stretches from Chile, through Peru, Ecuador, Colombia and Panama. Exploration work to date consists of property wide geochemical and geophysical surveys, extensive geological mapping and more than 18,000 meters of drilling. This work defines a large mineralized zone more than 400 meters wide, 1,000 meters long and open to depth below 385 meters as per recent drilling.

Newrange owns a 100% undivided interest in the Contract Concession and there are no underlying royalties or payments to third parties.

US & Colombia

ROBERT (BOB) ARCHER, P. GEO
CEO & DIRECTOR

Mr. Archer has more than 35 years’ experience in the mining industry, working throughout North America and Peru. After spending more than 15 years with major mining companies, Mr. Archer held several senior management positions in the junior mining sector and co-founded Great Panther Silver Limited, an emerging mid-tier precious metals producer. He served as President & CEO and Director for Great Panther from 2004-2017, and joined Newrange Gold Corp. as a Director in March 2018 followed by his appointment as CEO in January 2019. Mr. Archer is a Professional Geologist and holds an Honours BSc from Laurentian University in Sudbury, Ontario.

ROBERT G. CARRINGTON, P.GEO, R. PROF., QP
PRESIDENT & CHAIRMAN

Mr Carrington has over 40 years’ experience in all facets of the mining industry, from exploration, development and production, to senior and executive management throughout North and South America and the Circum-Pacific Region. His success in mining operations in the Pamlico region ranges from identifying the first exploratory drill holes at the Lucern and Billy the Kid mine sites in the Comstock and Silver Mining Districts, to involvement in discovery of the 40 million ounce Twin Peaks mine. Mr Carrington is the founder of Newrange Gold Corp. and holds a BSc in Economic Geology from the Mackay School of Mines, University of Nevada, Reno.

DAVID CROSS, CPA, CGA
CFO

Mr Cross is a CPA and CGA with over 21 years’ experience in the junior sector experience in finance and corporate governance. He is currently a partner of Cross Davis and Company LLP Chartered Professional Accountant, which specializes in accounting and management services for private and publicly-listed companies within the mining industry, and has recently been appointed CFO of Ashburton Ventures Inc.

RON SCHMITZ
INDEPENDENT DIRECTOR

Mr Schmitz is the Principal and President of ASI Accounting Services Inc.,which has provided administrative, accounting and office services to public and private companies since July 1995. Mr Schmitz has served as a Director and/or Chief Financial Officer of various public companies since 1997, and currently holds these positions with various public and private companies.

PAUL WANG, MBA
INDEPENDENT DIRECTOR

Mr. Wang has been a Senior Advisor and Private Investor to a number of energy-focused private equity firms and has over 20 years’ experience with top ranked private firms and international banks. He is currently an Independent Director for Newrange Gold and Senior Vice President for APL Ltd.

DAVID SALARI, METALLURGICAL ENGINEER, P. ENG., QP
INDEPENDENT DIRECTOR

Mr Salari has world-wide experience in the design, construction and operation of extractive metallurgical plants. He is an engineer with more than 35 years of experience in the mining and mineral processing field and is currently the President and CEO of DENM Engineering.

GLORIA CARRINGTON
PRESIDENT, CORPORACION MINERA DE COLOMBIA & COUNTRY MANAGER

Born and raised in Medellin, Colombia, Ms Carrington studied law at the University of Medellin and has an extensive business and legal background in Colombia.

CORPORATE OFFICE

CANADA
David Cross
CFO - Corporate Secretary
Newrange Gold Corp.
580 Hornby St. - #510
Vancouver, British Columbia
Canada V6C 3B6
Phone: (604) 669-0868
Fax: (604) 558-4200
[email protected]

MANAGEMENT AND CORPORATE COMMUNICATIONS

PRESIDENT & CEO's OFFICE
Robert Carrington
1-775-747-1710
[email protected]

CORPORATE COMMUNICATIONS

Sharon Hebgin
1-604-669-0868
1-760-898-9129
[email protected]

Corporate Office - Canada: Newrange Gold Corp
Address: 580 Hornby St. - #510
Vancouver, British Columbia
Canada V6C 3B6
Telephone: (604) 669-0868
Fax: (604) 558-4200


Corporate Office - Colombia: Corporacion Minera De Colombia S.A
Address: Cra. 33 No 29 - 105 Oficina Sotano 4
Medellin-Colombia
Teléfono: (574) 444-5673
Fax: (574) 268 3119


Transfer Agent: Computershare Trust Company of Canada
Address: 510 Burrard Street
Vancouver, British Columbia
Canada V6C 3B9
Telephone: (604) 661-9400
Fax: (604) 683-3694
Toll Free: (888) 661-5566


Auditor: Davidson & Company LLP, Chartered Accountants
Address: Suite 1200, 609 Granville Street
Vancouver, British Columbia
Canada V7Y 1G6
Telephone: (604) 687-0947
Fax: (604) 687-6172


Solicitors: Boughton Law Corporation
Address: Suite 700-595 Burrard Street
P.O. Box 49290
Vancouver, British Columbia
Canada V7X 1S8
Telephone: 604 687 6789
Fax: 604 683 5317