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 original 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, covering the entire original property, were scanned.
"All three anomalous zones, the Northwest, East and Southeast Areas, are 2-3 kilometers in size and each contains more than one discrete zone of high chargeability," Archer said. "Collectively, they reflect a district-scale cluster extending approximately five kilometers east-west and more than six kilometers north-south. For this reason, we considered it prudent to enlarge the property to cover as much of the new anomalies as possible."
Newrange has 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. The company is currently revising its model to reflect the IP findings.
The company noted that "final preparations are being made to recommence the Reverse Circulation (RC) drilling program following up on the discovery of high-grade gold mineralization just east of the Merritt Zone and to initiate a diamond drilling program. The latter will consist of a minimum of 5 holes in approximately 2,500 meters and will initially test the deep chargeability anomalies in the ‘91’ Zone area and the Skarn Zone. It is likely that this program will be expanded."
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