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TSXV: PINN
News
Newrange Provides Update on Drill Programs
VANCOUVER, BRITISH COLUMBIA, July 22, 2021 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) – Newrange Gold Corp. (“Newrange” or the “Company”) provides the following update on the drill programs at its Pamlico Project in Nevada and the North Birch Project in the Red Lake District of northwestern Ontario.
At Pamlico, diamond drilling has resumed after a short break for the US Independence Day holiday. The Company is drilling the first of several holes, MGC-01, on the Skarn Zone in the McGill Canyon Area. This hole, located more than four kilometers southeast of the Company’s drillholes P21-115 and 122 through 125 as announced in releases dated July 6 and February 23, 2021, is in close proximity to a mineralized porphyry dike that assayed 2.994 grams gold per metric tonne (g/t Au), as announced June 14, 2021, and is testing a previously identified 200 ppb gold in soil anomaly over skarn altered limestone and calcareous shale that is coincident with favorable magnetic and IP geophysical anomalies.
At the North Birch Project, the diamond drill program has been postponed due to the extreme wildfire activity in the Red Lake area. On July 20, the Ministry of Natural Resources and Forestry (MNRF) issued an Emergency Area Order instructing all exploration activity in northwestern Ontario involving any kind of equipment to cease. Not only is there an extreme risk of wildfire in the region but virtually all aircraft have been seconded by the firefighting effort such that any fly-in operation cannot be supported.
“While we are disappointed that we have not been able to commence the North Birch drill program as planned, the safety of our field crew is our top priority and everyone is being evacuated,” stated Robert Archer, Newrange CEO. “The lack of aircraft in the region has made it impossible to mobilize equipment into the project at this time but we intend to resume the program at the earliest opportunity. At Pamlico, assays are still pending for the first four holes following up on the high-grade zone discovered by hole P21-115, while at the Skarn Zone, we are encouraged by the fact that the first hole ever drilled in this area is confirming the presence of strong alteration and porphyritic dikes in the limestones.”
About Newrange Gold Corp.
Newrange is focused on district-scale exploration for precious metals in favorable jurisdictions including Nevada, Ontario and Colorado. With locally high-grade, near surface oxide gold mineralization, the Company’s flagship Pamlico Project is poised to become a significant new Nevada discovery, while the North Birch Project offers additional blue-sky potential in the prolific Red Lake District. 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.
CEO & Director
FOR FURTHER INFORMATION CONTACT:
Sharon Fleming Dave Cross
Corporate Communications Chief Financial Officer and Corporate Secretary
Phone: 760-898-9129 Phone: 604-669-0868
Email: info@newrangegold.com Email: dcross@crossdavis.com
Website: www.newrangegold.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement:
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Newrange Gold Corp. Actual results may differ materially from those currently anticipated in such statements.