Newrange Gold Corp. (TSX-V: NRG) (US: NRGOF) (Frankfurt: X6C) is pleased to provide the following update on the Company’s exploration activities at its high-grade Pamlico Gold Project, Nevada.
Exploration Highlights
Mr. Robert G. Carrington, P. Geo, a Qualified Person as defined by National Instrument 43-101 and the President and Chairman of the Company, has reviewed, verified and approved for disclosure, the technical information contained in this news release.
About Pamlico
Located 12 miles southeast of Hawthorne, Nevada, along US Highway 95, the project enjoys 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, 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.
Stock Option Grant
The Company has granted a total of 637,000 incentive stock options to officers and employees of the Company. The options were granted pursuant to the Company’s Stock Option Plan, at a price of $0.20, and expire on January 15, 2021.
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. With numerous drill intercepts of near surface oxide gold mineralization up to 340 grams gold per metric tonne the Company’s flagship Pamlico Project is poised to become a significant new Nevada discovery. 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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