Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTCQB) announced in a news release it expanded its property at its Pamlico project in Nevada based on the broadened induced polarization (IP) survey there showing anomalous chargeability outside the boundaries.
"The new IP survey has been highly successful in not only further defining and extending the known anomalies but has identified others of potential significance," CEO Robert Archer said in the release.
The recently completed and interpreted IP survey spanned 56.35 line kilometers. Together with the 2019-2020 survey, over 76.5 line kilometers, it covered the whole property.
The survey indicated three new anomalous areas, the Northwest, East and Southeast, each 2–3 kilometers (2–3 km) in size and encompassing at least one discrete zone of high chargeability.
"Collectively, they reflect a district-scale cluster extending approximately 5 km east-west and more than 6 km north-south," Archer added.
Thus, Newrange staked more ground to include the anomalies, more than doubling the size of the property, and it plans to map, prospect and soil samples these prospective areas. Now, the company is revising its model to reflect the IP findings.
[NLINSERT]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: ?????. 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.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
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 ?????, a company mentioned in this article.
