- Newrange (NRG) has sampled up to 47.34 g/t gold from its Pamlico Project in Nevada
- The findings from the mapping and sampling program indicate widespread gold mineralization in the project’s historic Central Mine
- President and CEO Robert Archer spoke with Caroline Egan about the results
- Newrange is focused on district-scale exploration for precious metals in Nevada and Ontario
- Newrange (NRG) is unchanged trading at $0.07 per share
Newrange (NRG) has sampled up to 47.34 g/t gold from its Pamlico Project in Nevada.
The findings from the mapping and sampling program indicate widespread gold mineralization in the project’s historic Central Mine.
A total of 55 of 67 samples returned gold values greater than 0.1 g/t gold, 29 were greater than 1 g/t gold and 13 assayed more than 5 g/t gold.
Gold mineralization seems to have been confined to a volcano-sedimentary unit on the west side of a limestone ridge. The mine’s gold-bearing mineralized structures contain quartz veins (including banded quartz), silicified vein, fault breccia and variable amounts of iron-oxides.
Skarn alteration and extensive silicification exists in the limestones to the southwest of the mine, which fits with the hypothesis that mineralization on Pamlico is related to a large intrusive system.
Other metals are also highly anomalous within this zone. Assay ranges and averages are as follows:
- Silver: 0.2 to 175 g/t, averaging 18.2 g/t
- Copper: 5 to 34,300 ppm, averaging 1,420 ppm
- Lead: 6 to 38,900 ppm, averaging 4,386 ppm
- Zinc: 2 to 7,900 ppm, averaging 1,810 ppm
- Manganese: 44 to 49,000 ppm, averaging 8,908 ppm
- Arsenic: 6 to 14,800 ppm, averaging 717 ppm
President and CEO Robert Archer spoke with Caroline Egan about the results.
Newrange is focused on district-scale exploration for precious metals in Nevada and Ontario.
Newrange (NRG) is unchanged trading at $0.07 per share as of 11:31 am EST.
