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Newrange Gold launches drill site construction at Good Hope mine in Nevada

Drilling will commence immediately upon completion of the road and drill sites, the company said, and is expected to start by November 1

Newrange Gold Corp's Pamlico project
The Pamlico Ridge is located 12 miles southeast of Hawthorne, Nevada, along US Highway 95

Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) announced Wednesday that it has all the necessary permits and has commenced road and drill site construction to drill test high-grade gold mineralization in the Good Hope mine area of Pamlico Ridge.

Drilling will commence immediately upon completion of the road and drill sites, the company said, and is expected to start by November 1, with at least seven drill holes planned for an initial test.

Gold-silver mineralization was sampled on and between several levels of the Good Hope mine from the 5570-foot level to the 5718-foot level (read: 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 company said. 

The main gold-bearing structure dips shallowly to the southwest and consists of a higher-grade core ranging from 0.3 to 1 meter in width flanked by a lower grade halo up to 17 meters wide.

READ: Newrange Gold kicks off drilling at Gold Box Canyon area at flagship Pamlico project

The Good Hope mine area is an extension of the well-mineralized Pamlico Ridge, the company said, with highly oxidized, locally high-grade gold mineralization. The gold is hosted along a brecciated rhyolite–latite (lava rocks) contact, which is also 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, the company said.

The Pamlico Ridge is located 12 miles southeast of Hawthorne, Nevada, along US Highway 95. Discovered in 1884, the project enjoys excellent access and infrastructure, a mild, year-round operating climate and strong political support from Mineral County, one of the most pro-mining counties in the already pro-mining state of Nevada, the company said.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

Quick facts: Newrange Gold Corp.

Price: 0.12 CAD

TSX-V:NRG
Market: TSX-V
Market Cap: $14.41 m
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Full interview: Newrange Gold prepares to get drills turning on their...

Newrange Gold (CVE: NRG-OTC: NRGOF) CEO Robert Archer joined Steve Darling from Proactive Vancouver with news the company has started their drilling program at their Pamlico project in Nevada. Archer telling Proactive how big the start of drilling will be and which areas they are going to be...

on 28/5/20

2 min read