Newrange Gold Corp. (TSX-V:NRG) (OTC PINK: CMBPF) (FRANKFURT: X6C) is pleased to announce the second phase of drilling at the Company’s Pamlico gold project will commence by Thursday, this week. The drill rig, most support vehicles and equipment are on site.
Principal objectives of this second phase of drilling are:
Phase I drilling at Pamlico was highly successful and achieved all objectives of the program. This second phase of drilling will build on those successes and importantly test substantial areas of potentially favorable host rocks that have never been drilled and assayed. Phase II drilling is planned to consist of up to 10,000 feet of reverse circulation drilling in holes ranging from 200 to 1,000 feet in depth.
Located 12 miles southeast of Hawthorne, Nevada, along US 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 historic Pamlico group of mines, as well as the nearby Good Hope, Central, Gold Bar and Sunset mines.
Discovered about 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 very underexplored in terms of modern exploration with no documented geophysical or soil geochemical surveys. When the Company acquired the property in 2016 a scant 103 drill were scattered across the then 1,200 hectare property.
About Newrange Gold Corp.:
Newrange is an aggressive exploration and development company focused on near to intermediate term production opportunities in favorable jurisdictions including Nevada, Colorado 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. Further information can be found on our website at www.newrangegold.com.
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