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  • Newrange (NRG) has sampled up to 47.34 g/t gold from its Pamlico Project in Nevada
  • The findings from the mapping and sampling program indicate widespread gold mineralization in the project’s historic Central Mine
  • President and CEO Robert Archer spoke with Caroline Egan about the results
  • Newrange is focused on district-scale exploration for precious metals in Nevada and Ontario
  • Newrange (NRG) is unchanged trading at $0.07 per share

Newrange (NRG) has sampled up to 47.34 g/t gold from its Pamlico Project in Nevada.

The findings from the mapping and sampling program indicate widespread gold mineralization in the project’s historic Central Mine.

A total of 55 of 67 samples returned gold values greater than 0.1 g/t gold, 29 were greater than 1 g/t gold and 13 assayed more than 5 g/t gold.

Gold mineralization seems to have been confined to a volcano-sedimentary unit on the west side of a limestone ridge. The mine’s gold-bearing mineralized structures contain quartz veins (including banded quartz), silicified vein, fault breccia and variable amounts of iron-oxides. 

Skarn alteration and extensive silicification exists in the limestones to the southwest of the mine, which fits with the hypothesis that mineralization on Pamlico is related to a large intrusive system.

Other metals are also highly anomalous within this zone. Assay ranges and averages are as follows:

  • Silver: 0.2 to 175 g/t, averaging 18.2 g/t
  • Copper: 5 to 34,300 ppm, averaging 1,420 ppm
  • Lead: 6 to 38,900 ppm, averaging 4,386 ppm
  • Zinc: 2 to 7,900 ppm, averaging 1,810 ppm
  • Manganese: 44 to 49,000 ppm, averaging 8,908 ppm
  • Arsenic: 6 to 14,800 ppm, averaging 717 ppm

President and CEO Robert Archer spoke with Caroline Egan about the results.

Newrange is focused on district-scale exploration for precious metals in Nevada and Ontario.

Newrange (NRG) is unchanged trading at $0.07 per share as of 11:31 am EST.

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