In a news release, Vancouver-based precious metals exploration and development company Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced that it has lined up a drilling contractor to commence operations on May 28 at its Pamlico Gold Project in Nevada. The firm indicated that it has already completed road work and site preparation for the first holes to be drilled and that it has submitted all necessary applications for permitting the balance of the program to the State of Nevada's Bureau of Land Management.
The company noted that the drill crew will be required to adhere to very strict on- and off-site COVID-19 safety protocols in order to protect the health of all of its employees and contractors.
The company's CEO Robert Archer remarked, "We have made significant progress in our understanding of the geological setting at Pamlico since our last drilling campaign in 2018 and we are keen to test some of the new ideas that have come out of that work...The combination of underground mapping and sampling with the Induced Polarization (IP) geophysics has allowed us to better target our drilling. We have seen a good correlation between the IP and known gold-pyrite mineralization, which bodes well for testing the new targets across the 3 kilometer-wide area of immediate interest within the much larger Pamlico Property."
The company advised that the first phase of operations will include drilling 30-35 holes totaling around 3,000-3,500 meters mostly along Pamlico Ridge. Drill operations will first employ reverse circulation (RC) drilling to test the continuity of near-surface gold mineralization around and between the historic workings of the Pamlico, Gold Bar and Good Hope Mines. After the permits for the additional sites are approved and roadwork is completed, drilling will continue at those sites with a combination of RC and diamond drilling in new deeper target areas. The entire drill program is expected to last a couple of months and is expected to encompass up to 10,000 meters when complete.
Newrange Gold Corp. is a Vancouver, B.C.-based precious metals exploration and development company that focuses its efforts primarily on near to intermediate term production opportunities in Nevada, Colorado and Ontario.
Read what other experts are saying about:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Newrange Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Newrange Gold, a company mentioned in this article.