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.
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.
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