The firm stated that "hole P20-82 in the Merritt Zone intersected near surface oxide gold mineralization averaging 14.85 g/t Au and 3.57 g/t Ag over a 9.15 meter interval from a depth starting at 53.35 meters and ending at 62.50 meters." Newrange Gold reported that a section of this zone recorded high-grade core measuring 34.11 g/t Au and 7.64 g/t Ag that lies within a larger 32.01 meter interval assaying 4.74 g/t Au and 2.25 g/t Ag.
The company reported results from some additional drilling activity and stated that "hole P20-82 intersected a shallower zone of mineralization averaging 1.10 g/t Au and 3.67 g/t Ag over 9.15 meters and a second hole, P20-83, expanded this oxide gold mineralization to the southeast with an intercept from 4.57 to 10.67 meters averaging 0.484 g/t Au and 4.57 g/t Ag. "
The firm noted that it is currently expanding the drill pattern both in this area and throughout the property. Newrange Gold stated that it plans to revisit stepouts on hole P17-10, where during its 2017 drill program, it stood out as the highest grade hole that contained multiple high-grade intercepts, including 6.1 meters averaging 97.94 g/t Au.
The company stated that it will begin building roads in the near future in order to commence drill testing at the upper Good Hope Mine. Newrange commented that, as it announced in May, underground channel sampling identified high-grade results in the 5690 level of the mine, including 40 meters averaging 13.89 g/t Au and 71.19 g/t Ag.
The company stated that the Pamlico project covers the historical Pamlico group of mines and the nearby Good Hope, Gold Bar and Sunset mines. The property is located about 12 miles southeast of Hawthorne, Nevada.
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 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.