Newrange Gold Corp. [NRG-TSXV; NRGOF-OTC; X6C-FSE] released Phase III drill results, which have extended the mineralized gold trend to approximately 1,600 feet (488 metres) on strike to the southeast from the Merritt decline area along Pamlico Ridge 12 miles southeast of Hawthorne, Nevada.
This latest round of drilling at the Pamlico Project demonstrates an approximately 400% increase of prospective high-grade vein and disseminated gold targets. The drilling expanded both the strike length and width of the mineralized corridor and identified new host rock and structural settings favourable for hosting gold mineralization. A geologic plan map and two cross-sections provide summary reference information on the company’s website.
- Newrange’s phase III drill results indicate an expanded strike length of 1,600 feet (488 metres) that includes the Merritt decline area and newly identified mineralization at Pamlico Ridge — in excess of four times the previously known strike length;
- Phase III results also expand the apparent width of the mineralized corridor from 220 feet (67 metres) to 420 feet (128 metres);
- Prospective depths have been increased to about 530 feet (161 metres), a 260% increase over the vertical extent of mineralization indicated by the company’s 2017 drilling;
- The best gold values were seen in hole P18-47, which intersected 39.6 metres of 1.482 g/t gold while P18-44 intersected 86.9 metres of 0.578 g/t gold, including 25.9 metres of 1.021 g/t gold.
Drilling confirms consistent and deep levels of oxidation ranging from 600 feet to more than 900 feet (200 metres to 300 metres) below surface. All gold intercepts to date are in thoroughly oxidized host rock, commonly favourable characteristic for modern metallurgical recovery processes.
The 2018 drill results also confirm the importance of recently mapped major northwest fault zones.
Importantly, the latest drilling has also discovered a deeper favourable host rock package.
Continuing surface and underground mapping and sampling continue to refine the geologic framework Newrange will use to explore many other prospective targets on the property.
Phase III drill program – Pamlico Ridge
Drilling consisted of seven holes totalling 5,337 feet (1,627 metres). Three of these holes have intersected significant oxide gold mineralization while two of the holes, P18-44 and P18-47, confirm the discovery of a potentially significant new oxide gold zone in a previously unknown but favourable host rock sequence near recently mapped major northwest fault zones at Pamlico Ridge.
Using the front vein in the Merritt decline as a northwest limit to previously known gold mineralization, the 2017 drilling extended reportable gold intercepts approximately 400 feet (122 metres) to the southeast along trend. Results from the 2018 program in holes P18-44 and P18-47 now extend this trend to 700 feet (213 metres), while P18-41 intercepts are approximately 1,600 feet (488 metres) to the southeast and along trend from the front vein. A summary assay table covering the initial seven holes at Pamlico Ridge is on the companyâ€™s website.
Phase III results suggest:
- Pamlico Ridge may have near-surface disseminated gold potential, where high-grade gold mining was conducted historically;
- A deeper unexplored rhyolite/latite/sediment host rock package could provide a much more significant expansion to the gold target in this area.
Early in the program this year, the company drilled 2,500 feet (762 metres) in seven shallow reverse circulation holes along the far eastern area of the property known as Tom’s Hammer to test shallow carbonate replacement mineralization. No significant results were obtained in this and no additional work is planned for this specific target.
As the company continues to compile the most recent mapping, sampling and drilling results this summer, Newrange’s management is planning work programs for the second half of 2018 that will:
- Expand upon continuing underground surveying, mapping, sampling and modelling of extensive unmapped historical mine workings in Pamlico Ridge;
- Drill test the area in and around the area of historical mining in Pamlico Ridge as a phase IV program;
- Explore and expand by drilling the newly discovered rhyolite/sediment package under Pamlico Ridge;
- Generate and drill targets in the Gold Box area immediately east of the Pamlico Ridge trend, where extensive historical workings are now being mapped and sampled;
- Generate additional drill targets farther south along the 2.8-mile-long (4.5 km) Pamlico Ridge trend once mapping is complete.