Precious Metals Company Kicks Off Winter Exploration at Ontario Project

By Streetwise Reports / February 09, 2021 / www.theaureport.com / Article Link

Newrange Gold plans an induced polarization geophysical survey of the primary target at North Birch.

Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) started a winter exploration program at its North Birch project east of Red Lake, Ontario, it announced in a news release.

Line cutting for an induced polarization geophysical survey is underway, the company reported. Once completed, the survey will be conducted over about 90 line kilometers.

With the work, Newrange is focusing on an 8 kilometer long target at North Birch, not exposed at surface, "the sheared limb of a folded iron formation sequence," the release described.

"The target horizon projects 2 kilometers along strike to the southeast into the Argosy Gold Mine, which closed in 1952 after producing 101,875 oz Au at 12.7 g/t Au (Ontario government archives). There are also multiple gold showings in the rocks to the south of the main target horizon and in iron formation elsewhere on the North Birch property, yet the main target horizon has never been drilled," the company stated.

"We are confident that [the survey] will identify zones of sulphide enrichment along the main target horizon that may be related to gold mineralization," Newrange CEO Robert Archer said in the release.

Vancouver-based Newrange will use the results to identify targets to diamond drill in follow-up.

"As soon as we have sufficient information to generate drill targets, we will be applying for the appropriate permits and anticipate that we could be drilling by April," Archer added.

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Newrange Gold Corp.[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: Newrange Gold. 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.
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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 Newrange Gold, a company mentioned in this article.

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