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News Update

TICKERS: NRG; NRGOF

Mining Company Keeps Hitting Widespread Gold Mineralization in Nevada
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Newrange Gold announces results from the most recent 20 reverse circulation holes drilled at its Pamlico project.

In a news release, Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced that drilling to date at its Pamlico gold project in Nevada confirms the strong structural control and widespread nature of gold mineralization there.

The most recent 20 holes, which the company is now reporting, were drilled along the 800-meter (800m) expanse of Pamlico Ridge between the area of previously identified high-grade mineralization and the historical Gold Bar mine.

"Drilling to date continues to demonstrate the widespread nature of the gold mineralization at Pamlico," stated Robert Archer, Newrange's CEO. "The aim of this program is to better understand the controls on the mineralization and to explore for new zones similar to those already known."

Hole P20-63 was drilled in the Central mine area on a finger-like extension from the large, north to south-trending induced polarization (IP) anomaly that runs through Pamlico's center. In the area just above the structure, a mineralized interval was encountered, 7.6m of 0.178 grams per ton gold (0.178 g/t Au). This suggests the intrusive rock can be mineralized where gold-bearing structures cut it, and Newrange will test this further, the company stated.

Hole P20-64, drilled in the Pediment zone, returned two 1.5m gold intercepts, one at 0.227 g/t the other at 0.337 g/t.

Hole P20-65, drilled in Gold Box Canyon, returned 0.535 g/t Au over 4.6m starting at surface along with 0.113 g/t Au over 22.9m, at a 40m downhole depth. Newrange will follow this up.

Hole P20-71, drilled into a weak IP chargeability anomaly at the top of the Gold Bar mine, intersected three mineralized zones within 100m of surface. They returned 1.133 g/t Au over 3m, 0.769 g/t Au over 3m and 0.471 g/t Au over 9.1m.

P20-78 and P20-79, two angled holes, tested the interpreted downplunge extent of the high-grade zone near the Merritt Decline. Hole P20-78 returned 5.96 g/t Au over 1.5m within 1.59 g/t Au over 9.1m, between 53.4m and 62.5m. P20-79, which was deeper, intersected 0.98 g/t Au over 3m at a 100.6m depth.

The three holes that tested outlying, shallow, induced polarization (IP) chargeability anomalies all hit "disseminated pyrite, demonstrating that the geophysical method is working, especially where the oxidation level is not as deep," the release noted.

During recent drilling, Vancouver-based Newrange discovered that the rig being used was inadequate for the terrain and many of the high priority targets. Thus, it stopped drilling, secured a different contractor with a more versatile rig and resumed work on Sept. 19.

"With the new drill rig, we anticipate being able to get on top of the Good Hope mine at the south end of Pamlico Ridge where we sampled 13.89 g/t Au over 40 meters strike length and 12.48 g/t Au over 24 meters in the underground workings," CEO Robert Archer said in the release.

So far in 2020, Newrange drilled 34 holes over 3,462m. It intends to drill 35 more at Pamlico, including some later diamond holes to test some of the deeper targets. The second half of program will follow up on targets generated in the first half, finish drilling at the Good Hope mine and test the 1,000m long IP chargeability anomaly running through Pamlico.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her 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.
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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 decision to publish an article until three business days after the publication of the 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.




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