Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF Newrange Confirms Structural Interpretation With First Drill Hole at North Birch Project
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 Confirms Structural Interpretation With First Drill Hole at North
Birch Project
VANCOUVER, BRITISH COLUMBIA, March 9, 2022 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) –
Newrange Gold Corp. ("Newrange" or the “Company") is pleased to announce that the first diamond
drill hole on the Primary Target Horizon (“PTH”) at the 100% owned North Birch Project has confirmed
the presence of a strong deformation zone, well in excess of 100 metres wide, as originally interpreted
from the geophysics (see Figure 1 ). The sheared and folded basalts and i ron formation (“IF”) also
display moderate to intense carbonate alter ation and local quartz veining. Pyrite and pyrrhotite
mineralization occur as disseminations, stringers and, locally, as ‘clots’ within quartz veins and veinlets.
Figure 1: Airborne magnetic map of the North Birch Property highlighting folded iron formation (in red/purple), gold showings
and primary target horizon for the 2022 drilling program
“The first hole is encouraging as it is an imp ortant step in confirming our expl oration model at North
Birch,” stated Robert Archer, Newrange’s President & CEO. “The structural environment as interpreted
from airborne magnetics and LiDAR imagery is the basis for identifying the PTH. In this environment
both the IF and the basalts can be mineralized and the presence of s trong shearing and carbonate
alteration with local quartz veining and sulphides are great indicators that we are on the right track.”
510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
Hole NB22001 was d esigned to provide geological information in the vicinity of an interpreted fold
structure. It was drilled first mainly for logistical reasons, being closest to camp and a water source , as
the temperature had dropped to -40°C during mobilization and setup. Holes NB22002 to 005 will
continue to step out to the north -west along the Primary Target Horiz on and test coincident
chargeability and magnetic anomalies along a three-kilometre strike length.
The 3,850-hectare North Birch project is located in the Birch -Uchi greenstone belt north east of R ed
Lake, Ontario, immediately adjacent to the past -producing Argosy Gold Mine (also owned by
Newrange) and 12 kilometres from the Springpole Deposit being developed by First Mining Gold.
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 Q ualified Person as defi ned under National Instrument
43-101.
About Newrange Gold Corp.
Newrange is focused on district-scale exploration for precious metals in favorable jurisdictions including
Nevada and Ontario. The Company’s Pamlico Project in Nevada contains a large-scale multi-phase
polymetallic mineralizing system with multiple gold and copper targets spread over more than 5,700
hectares. In t he pr olific Red Lake District of northwestern Ontario, the past-producing high-grade
Argosy Gold Mine is op en to dept h, while the adjacent North Birch Project offers additional blue-sky
potential. F ocused on developi ng shareholder value through exploration and development of key
projects, the Com pany is committed to bui lding sustainable value for all stakeholders. Furt her
information can be found on our website at www.newrangegold.com.
Signed: “Robert Archer”
President & CEO
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 n ews release contain forward-looking information that invol ves inherent risk and uncer tainty affecting the
business of Newrange Gold Corp. Actual results may differ materially from those currently anticipated in such statements.