Newrange Gold Corp. (TSXV:NRG, OTC Pink:NRGOF) is pleased to announce Phase III drill results have extended the mineralized gold trend to approximately 1,600 ft (488 m) on strike to the southeast from the Merritt Decline Area along Pamlico Ridge. This latest round of drilling demonstrates an approximate 400% increase of prospective high-grade vein and disseminated gold targets. This drilling expanded both the strike length and width of the mineralized corridor, and identified new host rock and structural settings favorable for hosting gold mineralization. A geologic plan map and two cross sections provide summary reference information on the Company website here.
Key Highlights
- Newrange’s Phase III drill results indicate an expanded strike length of 1,600 feet (488 m) that includes the Merritt Decline Area and newly identified mineralization at Pamlico Ridge – in excess of 4 times the previously known strike length.
- Phase III results also expand the apparent width of the mineralized corridor from 220 feet (67 meters) to 420 ft (128 m).
- Prospective depths have been increased to about 530 ft (161 m), a 260% increase over the vertical extent of mineralization indicated by the Company’s 2017 drilling.
- The best gold values were seen in hole P18-47 which intersected 39.6 meters of 1.482 g/T gold while P18-44 intersected 86.9 meters of 0.578 g/T gold, including 25.9 meters of 1.021 g/T gold.
- Drilling confirms consistent and deep levels of oxidation ranging from 600 to more than 900 feet (200 to 300 meters) below surface. All gold intercepts to date are in thoroughly oxidized host rock, commonly favorable characteristic for modern metallurgical recovery processes.
- 2018 drill results also confirm the importance of recently mapped major northwest fault zones.
- Importantly, the latest drilling has also discovered a deeper favorable host rock package.
- Ongoing surface and underground mapping and sampling continues to refine the geologic framework Newrange will use to explore many other prospective targets on the property.
Phase III Drill Program
Pamlico Ridge
Drilling consisted of seven holes totaling 5,337 ft (1,627 m). Three of these holes have intersected significant oxide gold mineralization, while two of the holes, P18-44 and 47 confirm the discovery of a potentially significant new oxide gold zone in a previously unknown, but favorable host rock sequence near recently mapped major northwest fault zones at Pamlico Ridge. Using the “Front Vein” in the Merritt Decline as a northwest limit to previously known gold mineralization, the 2017 drilling extended reportable gold intercepts approximately 400 ft (122 m) to the southeast along trend. Results from the 2018 program in holes P18-44 and P18-47 now extend this trend to 700 ft (213 m), while P18-41 intercepts are approximately 1,600 ft (488 m) to the southeast and along trend from the Front Vein. A summary assay table covering the initial 7 holes at Pamlico Ridge is provided below, while a complete tabulation can be found on the Company’s website here.
Assay Results Table:
| Hole | From (m) |
To (m) |
Length (m) |
Au g/T |
Azimuth | Inclination | TD (m) | Notes |
| P18-41 | Hole lost at 350.6 meters | N90E | -70 | 350.6 | Also test stratigraphy | |||
| 44.2 | 94.5 | 50.3 | 0.500 | |||||
| Including | 44.2 | 62.5 | 18.3 | 1.018 | ||||
| Including | 51.8 | 53.4 | 1.5 | 8.150 | ||||
| Including | 83.8 | 94.5 | 10.7 | 0.548 | ||||
| P18-42 | No Significant Intervals; did not reach target depth | N70E | -70.0 | 225.6 | Also test stratigraphy | |||
| P18-43 | No Significant Intervals; did not reach target depth | N70E | -70.0 | 300.3 | Also test stratigraphy | |||
| P18-44 | 44.2 | 131.1 | 86.9 | 0.578 | S60W | -70.0 | 182.9 | |
| Including | 44.2 | 47.3 | 3.0 | 1.730 | ||||
| Including | 67.1 | 128.0 | 61.0 | 0.708 | ||||
| Including | 67.1 | 82.3 | 15.2 | 0.893 | ||||
| Including | 102.1 | 128.0 | 25.9 | 1.021 | ||||
| and | 154.0 | 155.5 | 1.5 | 5.550 | ||||
| P18-45 | No Significant Intervals; did not reach target depth | S63W | -85.0 | 192.1 | Hole lost / stuck rods | |||
| P18-46 | No Significant Intervals; did not reach target depth | N60E | -70.0 | 182.9 | ||||
| P18-47 | 9.1 | 18.3 | 9.1 | 1.091 | N44E | -70.0 | 192.7 | |
| and | 85.4 | 125.0 | 39.6 | 1.482 | ||||
| Including | 85.4 | 109.8 | 24.4 | 2.257 | ||||
| Including | 85.4 | 88.4 | 3.0 | 7.665 | ||||
* True widths result from a combination of structural and stratigraphic controls on mineralization, and are currently unknown with this level of drilling.
Phase III results suggest:
1) Pamlico Ridge may have near surface disseminated gold potential, where high-grade gold mining was conducted historically, and
2) A deeper unexplored rhyolite/latite/sediment host rock package could provide a much more significant expansion to the gold target in this area.
Phase III Drill and Exploration Program
During the first half of this year, the Company planned and executed an initial reverse circulation drill program designed to test both near surface and deeper gold targets based on its detailed mapping and sampling program in the Pamlico Ridge area. Detailed surface and underground mapping, sampling and surveying, has been incorporated into a structural (faults and veins) and stratigraphic (host rock) model that is particularly effective when combined with deeper drill holes spaced along trend so that host rock changes at depth can be included. Phase III was designed to test host rock changes and gold environments within the same drill program.
Interpretation of Results
The Phase III drilling program produced near surface intercepts as expected. These drill locations were based on surface mapping and sampling of both structure and stratigraphy, and continue to highlight the importance of specific structural domains and brittle/ductile host rock transitions. Holes P18-44 and 47 have shown thick intervals of gold mineralization related to a newly identified and potentially very important rhyolite/sediment unit within a broader latite package as shown on cross section A-A’ on the Company’s website. Drill results indicate this new unit contains much thicker and potentially laterally more extensive target zones than the very near surface zones from which historic high-grade gold production was achieved. Importantly, this unit is below the deepest known mine workings on Pamlico Ridge, is not exposed anywhere at the surface and is therefore completely preserved. Limited Phase III drilling in this package intersected large intervals of disseminated oxide gold mineralization.
Tom’s Hammer
Early in the program this year, the Company drilled 2,500 feet (762 meters) in seven shallow, reverse circulation holes along the far eastern area of the property known as Tom’s Hammer to test shallow carbonate replacement mineralization. No significant results were obtained in this and no additional work is planned for this specific target.
Planned Program for Second Half of 2018
As the Company continues to compile the most recent mapping, sampling and drilling results this summer, Newrange’s management is planning work programs for the second half of 2018 that will:
- Expand upon ongoing underground surveying, mapping, sampling and modeling of extensive unmapped historic …read more
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