Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release that exploration work on the 5570 level of its Good Hope mine identified structurally controlled, high-grade gold and silver mineralization. Good Hope is part of Newrange's Pamlico project in Nevada.
Follow-up underground mapping and channel sampling from accessible mine workings over a strike length of 24 meters (24m) returned gold grades averaging 12.48 grams per ton (12.48 g/t) gold and 49.55 g/t silver.
"Importantly, the high-grade zone is contained within a much larger mineralized envelope more than 142m long and 4–13m wide, comprising mineralization found in both the hanging wall and foot wall of the high-grade zone," the release noted. This bigger zone remains open along strike to the east and to the west.
Also of note, the high-grade zone at the Good Hope mine's 5570 level is downdip and 36.6m below similar high-grade mineralization previously sampled on Good Hope's 5690 level.
"We are starting to see a sizable zone of continuous gold-silver mineralization building at the Good Hope mine," CEO Bob Archer said in the release. "The underground mapping and sampling program is proving to be an extremely valuable and cost-effective tool for us to build a 3D model of the mineralization in advance of drilling it."
The sampling program is about half done, the company noted.[NLINSERT]
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