Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF Newrange Arranges Winter Exploration Program for North Birch Project in Red Lake District and Hires NAI Interactive for Marketing
510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
Newrange Arranges Winter Exploration Program for North Birch Project
in Red Lake District and Hires NAI Interactive for Marketing
VANCOUVER, BRITISH COLUMBIA, December 16, 2020 (TSXV: NRG, US: NRGOF, Frankfurt:
X6C) – Newrange Gold Corp. ("Newrange" or the “ Company") is pl eased to announce that it is
finalizing plans for a winter expl oration program to begin in January on its North Birch Project east of
Red Lake, Ontario . The Company is pl anning on conducting approximately 90 line kilometres of
Induced Polarization (IP) geop hysics and the results will be used to generate targets for follow up
diamond drilling.
The primary target at North Birch is the sheared limb of a folded iron formation sequence , modeled
after the Musselwhite Gold Mine, approximately 190 kilometres to the north and operated by Newmont-
Goldcorp. The 8 kilometre long target horizon at North Birch is recessive and not exposed at surface
but is interpreted from a prominent fold pattern in the airborne magnetics (see map here). The target
horizon projects 2 kilometres along strike into the Argosy Gold Mine , which closed in 1952 after
producing 101,875 oz Au at 12.7 g/t Au (Ontario government archives). There are also multiple gold
showings in the rocks to the south of the main targe t horizon and in iron formation elsewhere on the
North Birch property, yet the main target horizon has never been drilled.
“We are looking forward to initiating exploration at North Birch ,” stated Robert Archer, Newr ange’s
CEO. “As we didn’t receive our p ermits until September due to COVID -related delays, we missed the
summer field s eason but, during that time , we merged and reprocessed the three airborne magnetic
surveys that have b een flown over the property in past year s. This has clearly delineated th e main
target horizon and the IP will be used to detect areas of sulphide enrichment that may be related to gold
mineralization.”
It is anticipated that field crews will mobilize to the property in early January, although the exact timing
will be weather d ependent. Once the IP has been completed and interpret ed (approximately 4 -6
weeks), an application for a drill permit will be filed as soon as possible.
In other news , Newrange ha s signed a one-year agreement with NAI Interactive Ltd. (“NAI”) of
Vancouver, BC to provide marketing services to the growing Chinese investment community. Total
payable under the terms of the co ntract is $60,000 and NAI will be granted 150,000 stock options in
Newrange at a price of $0.14. The stock options will vest as to 25% every three months with a term of
two years from the date of grant.
510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
NAI has been bridging the gap between the mining industry and Chinese investors for more than 2 0
years and is a leading market intelligence and investor relations service provider for fast growing public
companies trading on the North American stock exchanges.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by David Hladky,
P.Geo., Senior Geologist for Newrange and a Qualified Person as defi ned under National Instrument
43-101.
About Newrange Gold Corp.
Newrange is a precious metals exploration and development company focused on near to intermediate
term production opportunities in favorable jurisdictions including Nevada, Ontario and Colorado. With
numerous drill intercepts of near surface oxide gold mineralization 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 t hrough e xploration 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.
Signed: “Robert Archer”
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: [email protected] Email: [email protected]
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 forwa rd-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.