Mr. Robert Carrington reports
NEWRANGE GOLD SAMPLES UP TO 130 GRAMS GOLD, EXTENDS MERRITT ZONE AND BEGINS PHASE III DRILLING AT PAMLICO
Newrange Gold Corp.'s systematic program of mapping and sampling at Pamlico has identified another very prospective, high-grade gold drill target referred to as Tom's Hammer where rock chip samples yielded up to 130 grams gold per tonne in mineralized sedimentary rocks of the East zone -- north. Similar work in the Pamlico Ridge area also identified high-grade gold mineralization that may indicate a 700-metre southeasterly extension of high-grade mineralization discovered by the company during 2017 in the Merritt area. All together, the six high-potential exploration areas at Pamlico have a combined strike length of more than 14 kilometres.
For logistical reasons, the phase III drill program that began on Feb. 19 will initially focus on the new Tom's Hammer target. Drilling will then shift to exploring indicated extensions of mineralization to the southeast of the Merritt area.
East zone -- north (sediment-hosted target)
Rock-chip sampling has identified high-grade gold mineralization assaying 130.0 grams per tonne Au over a 0.6-metre sampled interval perpendicular to the mineralization at surface. The area, referred to as Tom's Hammer, is situated in the East zone -- north, roughly 3.5 kilometres northeast of Pamlico Ridge. Thirty-two widely spaced rock-chip samples of structurally and stratigraphically controlled mineralization from outcrops, prospects and shallow underground mine workings over an area 800 metres long, up to 100 metres wide with an approximate vertical range of 100 metres, assayed from 0.1 to 130 g/t Au and 0.4 to 52.5 grams tonne silver (g/t Ag) over sample lengths ranging from 0.6 to 2.8 metres. The reader is cautioned that these samples are of structurally and stratigraphically controlled mineralization and may not be representative of the entire area. To the best of the company's knowledge, this target has never been explored with modern technology and has never been drilled.
Pamlico Ridge (Merritt area extension)
A length weighted average grade of 16.28 g/t Au was obtained from 14 rock-chip samples with a grade range of 0.28 to 68.0 g/t Au from highly mineralized material, visually similar to mineralization found in the Merritt area. These samples, ranging from 0.4 to 1.1 metres in length, were collected from an area roughly 114 metres long by 70 metres wide encompassing a group of nearly vertical, east-west-trending veins, associated with the highly prospective east-west zone where it crosses the well-mineralized Pamlico Ridge trend. The sampled area lies within a much larger area of numerous historic mine workings roughly 300 metres wide and 700 metres long extending southeasterly along the Pamlico Ridge trend from the Merritt area. High-angle structures such as these are very important potential feeder zones that can provide critical pathways for deep, circulating, mineral bearing fluids to access the favourable host rocks. Identification of potential feeders is very important for the modelling and exploration at Pamlico especially the deeper favourable geological horizons known to exist at Pamlico as discussed in the company's news release of Jan. 9, 2018. The reader is cautioned that these samples are of structurally controlled mineralization may not be representative of the entire mineralized area.
Highlights -- phase III drill targets
East zone -- north: new high-grade gold target with 800-metre strike hosted in carbonate sediments of the East zone -- north with surface samples up to 130 g/t Au
Pamlico Ridge -- Merritt area extension: extension of Merritt area to southeast along trend for approximately 700 metres and including projected intersection with the E-W zone with near surface samples up to 68 g/t Au
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 sampling is performed by trained field personnel under the supervision of the company's geologists. Samples are then securely delivered to American Assay in Sparks, Nev., for sample preparation and analysis. Samples were dried then stage crushed to 80 per cent passing 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 with atomic absorption finish. All samples assaying more than 10 g/t Au are checked and reassayed using fire assay (FA) with a gravimetric finish. In addition to the QA/QC conducted by the laboratory, the company inserts blanks, standards and certified reference material (CRM) at a rate of one in 20.
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 and Colombia. Focused on developing shareholder value through exploration and development of key projects, the company is committed to building sustainable value for all stakeholders.
Upcoming events
Newrange will be exhibiting at the Metal Investors Forum on Saturday, March 3, 2018. The company will also be exhibiting at the Prospectors & Developers Association of Canada, March 4 and March 5, 2018, at booth 2415A. All interested parties are cordially invited to attend one or both exhibits and take the opportunity to meet and speak with management.
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