Mr. Robert Carrington reports
NEWRANGE GOLD CORP. ANNOUNCES PHASE III STEP OUT DRILLING EXTENDS GOLD MINERALIZATION TO 0.5 KM ALONG TREND AT PAMLICO PROJECT, NEVADA
Newrange Gold Corp. has released phase III drill results, whichhave extended the mineralized gold trend to approximately 1,600 feet (488 metres) on strike to the southeast from the Merritt decline area along Pamlico Ridge. This latest round of drilling demonstrates an approximately400-per-cent increase of prospective high-grade vein and disseminated gold targets.This drilling expanded both the strike length and width of the mineralized corridor and identified new host rock and structural settings favourable for hosting gold mineralization.A geologic plan map and two cross-sections provide summary reference information on the company's website.
Key highlights:
Newrange's phase III drill results indicate an expanded strike length of 1,600 feet (488 metres) that includes the Merritt decline area and newly identified mineralization at Pamlico Ridge -- in excess of four times the previously known strike length. Phase III results also expand the apparent width of the mineralized corridor from 220 feet (67 metres) to 420 feet (128 metres). Prospective depths have been increased to about 530 feet (161 metres), a 260-per-cent increase over the vertical extent of mineralization indicated by the company's 2017 drilling. The best gold values were seen in hole P18-47, which intersected 39.6 metres of 1.482 grams per tonne gold while P18-44 intersected 86.9 metres of 0.578 gram per tonne gold, including 25.9 metres of 1.021 grams per tonne gold. Drilling confirms consistent and deep levels of oxidation ranging from 600 feet to more than 900 feet (200 metres to 300 metres) below surface.All gold intercepts to date are in thoroughly oxidized host rock, commonly favourable characteristic for modern metallurgical recovery processes.The2018 drill results also confirm the importance of recently mapped major northwest fault zones. Importantly, the latest drilling has also discovered a deeper favourable host rock package. Continuing surface and underground mapping and sampling continue to refine the geologic framework Newrange will use to explore many other prospective targets on the property.
Phase III drill program
Pamlico Ridge
Drilling consisted of seven holes totalling 5,337 feet (1,627 metres). Three of these holes have intersected significant oxide gold mineralization while two of the holes, P18-44 and P18-47, confirm the discovery of a potentially significant new oxide gold zone in a previously unknown but favourable host rock sequence near recently mapped major northwest fault zones at Pamlico Ridge.Using the front vein in the Merritt decline as a northwest limit to previously known gold mineralization, the 2017 drilling extended reportable gold intercepts approximately 400 feet (122 metres) to the southeast along trend. Results from the 2018 program in holes P18-44 and P18-47 now extend this trend to 700 feet (213 metres), while P18-41 intercepts are approximately 1,600 feet (488 metres) to the southeast and along trend from the front vein. A summary assay table covering the initial seven holes at Pamlico Ridge is provided herein, while a complete tabulation can be found on the company's website.
ASSAY RESULTS TABLEHole FromToLengthAu(m) (m) (m) (g/t)P18-41Hole lost at 350.6 metres 44.294.550.3 0.500Including44.262.518.3 1.018Including51.853.4 1.5 8.150Including83.894.510.7 0.548P18-42 No significant intervals; did not reach target depthP18-43 No significant intervals; did not reach target depthP18-44 44.2 131.186.9 0.578Including44.247.3 3.0 1.730Including67.1 128.061.0 0.708Including67.182.315.2 0.893Including 102.1 128.025.9 1.021And 154.0 155.5 1.5 5.550P18-45 No significant intervals; did not reach target depthP18-46 No significant intervals; did not reach target depthP18-479.118.3 9.1 1.091And85.4 125.039.6 1.482Including85.4 109.824.4 2.257Including85.488.4 3.0 7.665Note: True widths result from a combination of structural and stratigraphic controls on mineralization and are currently unknown with this level of drilling.
Phase III results suggest:
Pamlico Ridge may have near-surface disseminated gold potential, where high-grade gold mining was conducted historically, A deeper unexplored rhyolite/latite/sediment host rock package could provide a much more significant expansion to the gold target in this area.
Phase III drill and exploration program
During the first half of this year, the company planned and executed an initial reverse circulation drill program designed to test both near-surface and deeper gold targets based on its detailed mapping and sampling program in the Pamlico Ridge area.Detailed surface and underground mapping, sampling, and surveying have been incorporated into a structural (faults and veins) and stratigraphic (host rock) model that is particularly effective when combined with deeper drill holes spaced along trend so that host rock changes at depth can be included.Phase III was designed to test host rock changes and gold environments within the same drill program.
Interpretation of results
The phase III drilling program produced near-surface intercepts as expected.These drill locations were based on surface mapping and sampling of both structure and stratigraphy and continue to highlight the importance of specific structural domains and brittle/ductile host rock transitions.Holes P18-44 and P18-47 have shown thick intervals of gold mineralization related to a newly identified and potentially very important rhyolite/sediment unit within a broader latite package.Drill results indicate this new unit contains much thicker and potentially laterally more extensive target zones than the very-near-surface zones from which historical high-grade gold production was achieved.Importantly, this unit is below the deepest known mine workings on Pamlico Ridge, is not exposed anywhere at the surface and is therefore completely preserved.Limited phase III drilling in this package intersected large intervals of disseminated oxide gold mineralization.
Tom's Hammer
Early in the program this year, the company drilled 2,500 feet (762 metres) in seven shallow reverse circulation holes along the far eastern area of the property known as Tom's Hammer to test shallow carbonate replacement mineralization.No significant results were obtained in this and no additional work is planned for this specific target.
Planned program for second half of 2018
As the company continues to compile the most recent mapping, sampling and drilling results this summer, Newrange's management is planning work programs for the second half of 2018 that will:
Expand upon continuing underground surveying, mapping, sampling and modelling of extensive unmapped historical mine workings in Pamlico Ridge; Drill test the area in and around the area of historical mining in Pamlico Ridge as a phase IV program; Explore and expand by drilling the newly discovered rhyolite/sediment package under Pamlico Ridge; Generate and drill targets in the Gold Box area immediately east of the Pamlico Ridge trend, where extensive historical workings are now being mapped and sampled; Generate additional drill targets farther south along the 2.8-mile-long (4.5 kilometres) Pamlico Ridge trend once mapping is complete.
Quality assurance/quality control
Robert G. Carrington, PGeo, a qualified person as defined by National Instrument 43-101, the president and chief executive officer of the company, has reviewed, verified and approved for disclosure the technical information contained in this news release. All drilling was by reverse circulation (RC) methods using a five-inch-diameter face-centre recovery bit and was supervised by professional geologists.Drill samples were collected on either 1.52-metre/five-foot or 0.76-metre/2.5-foot intervals for comparison purposes.Drill cuttings were captured in a closed-system cyclone then riffle split in a three-tiered Jones-type splitter, generating an average sample weight of 7.9 kilograms per sample.Samples were then securely delivered to American Assay, an ISO/IEC 17025:2005-certified laboratory in Sparks, Nev., for sample preparation and analysis.Delivered samples were dried and then stage crushed to 80 per centpassing 10 mesh.A 1,000-gram subsample was then split out and pulverized to 140 mesh, from which 50-gram samples were split for analysis by fire assay (FA) with an ICP finish.Samples assaying more than 100 grams per tonne gold and random samples assaying more than 10 grams per tonne gold are checked and reassayed using 50-gram fire assay with gravimetric finish.In addition to the quality assurance/quality control included by the laboratory, the company inserts blanks, standards and duplicates at a rate of not less than one in 30.
About Pamlico
Located 12 miles southeast of Hawthorne, Nev., along U.S. Highway 95, the project has excellent access and infrastructure; a mild, year-round operating climate; and strong political support from Mineral county, one of the most pro-mining counties in the pro-mining state of Nevada.The Pamlico project covers the historical Pamlico group of mines as well as the nearby Good Hope, Central, Gold Bar and Sunset mines.
Discovered in 1884, the district rapidly gained a reputation as being one of Nevada's highest-grade districts. Held by private interests for most of its history, the property remains underexplored in terms of modern exploration.
About Newrange Gold Corp.
Newrange is an aggressive exploration and development company focused on near-to-intermediate-term production opportunities in favourable jurisdictions, including Nevada, Colorado and Colombia.
We seek Safe Harbor.
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