Line cutting for an induced polarization geophysical survey is underway, the company reported. Once completed, the survey will be conducted over about 90 line kilometers.
With the work, Newrange is focusing on an 8 kilometer long target at North Birch, not exposed at surface, "the sheared limb of a folded iron formation sequence," the release described.
"The target horizon projects 2 kilometers along strike to the southeast into the Argosy Gold Mine, which closed in 1952 after producing 101,875 oz Au at 12.7 g/t Au (Ontario government archives). There are also multiple gold showings in the rocks to the south of the main target horizon and in iron formation elsewhere on the North Birch property, yet the main target horizon has never been drilled," the company stated.
"We are confident that [the survey] will identify zones of sulphide enrichment along the main target horizon that may be related to gold mineralization," Newrange CEO Robert Archer said in the release.
Vancouver-based Newrange will use the results to identify targets to diamond drill in follow-up.
"As soon as we have sufficient information to generate drill targets, we will be applying for the appropriate permits and anticipate that we could be drilling by April," Archer added.
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