Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF Newrange Drilling Expands Mineral Footprint at Pamlico
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 Drilling Expands Mineral Footprint at Pamlico
VANCOUVER, BRITISH COLUMBIA, January 12, 2021 (TSXV: NRG, US: NRGOF, Frankfurt: X6C)
– Newrange Gold Corp. ("Newrange" or the “ Company") is pleased to provide an update on the
ongoing reverse ci rculation (RC) drilling program at its Pamlico gold project in Nevada . The holes
reported herein (P20-92 to 110) were drilled in the Gold Box Canyon, Merritt, and Good Hope areas
and demonstrate the extent of shallow oxide gold mineralization across the P amlico District, covering
an area of approximately 0.75 square kilometers. Drilling to the end of hole P20-110 has entailed 6,538
meters and is continuing. Highlights are presented in the table below and maps can be found on the
Company’s website here.
Gold Box Canyon
Drill holes P 20-92 to 98, inclusive, targeted projections of gold-bearing structural zones situated
stratigraphically below the most favorable rhyolite - latite tuff contact zones, in the lower reaches of
Gold Box Canyon. To test the same or similar horizon as hosts mineralization in the Merritt zone and
Pamlico Ridge will require drilling from on top of the ridges to either side of the canyon. Holes P20-92,
93, 94 and 95 were drilled to the southeast and hole P 20-96 was drilled to the northwest, all at a -45
degree inclination and specifically targeted mineralization in northeast striking gold-bearing structures
exposed in underground workings and at surface, where sampling returned values ranging from 0.6 to
more than 20 grams gold per metric tonne (g/t Au). Hole P20-94 was lost in a large breccia zone at
62.5 meters and could not be completed. Hole P20-97 was drilled to the southwest at an inclination of -
45 degrees to test a large northwest striking, southwest dipping high angle fault zone that had returned
gold values from 11.8 to more than 16.1 grams in grab samples from exposures in prospect pi ts and
underground working s. Unfortunately, the hole was los t in a large breccia zone before reaching its
target.
Drilling results indicate that a relatively flat-lying zone of gold mineralization exists near surface, as
evidenced by intercepts in holes P20 -93, 96 and 98, all of which correlate with previously drilled hole
P20-65. While these intercepts average approximately 0.1 g/t Au, they are above 50 mete rs depth and
require follow-up drilling. It is interpreted that this zone correlates with the gold mineralization in the
underground workings and that holes P20-92, 94 and 95 may have drilled underneath this horizon. The
zone appears to dip shallowly to the east and a series of vertical holes will be required to further test
the continuity of the mineralization.
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Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
Highlights of Pamlico RC Drilling, Holes P20-92 to 110, inclusive:
Hole Area
From
(m)
To
(m)
Length
(m) Au g/t Ag g/t Comments
P20-93 Gold Box Canyon 1.52 6.10 4.58 0.097 4.67 Correlates with hole P20-65
P20-96 Gold Box Canyon 32.01 47.26 15.25 0.115 1.62 Down-dip of P20-93?
P20-98 Gold Box Canyon 4.57 10.67 6.10 0.092 5.40 Correlates with P20-65 & 93
P20-99 Merritt Zone 13.72 19.82 6.10 0.833 3.58 Lost @ 76 m caving
36.59 41.16 4.57 0.462 0.24
65.55 67.07 1.52 0.977 2.30
P20-101 Good Hope Mine 6.10 16.77 10.67 0.274 0.32 Rhyolite
and 22.87 35.06 12.19 0.262 1.75 Tuff
including 22.87 27.44 4.57 0.614 0.87
P20-103 Good Hope Mine 9.15 32.01 22.86 0.192 1.95 Rhyolite above tuff
including 9.15 13.72 4.57 0.587 3.33
P20-104 Good Hope Mine 0.00 15.24 15.24 0.749 3.46 Rhyolite
including 0.00 3.05 3.05 3.145 9.20 Vein quartz
P20-105 Good Hope Mine 10.67 15.24 4.57 0.655 13.57 Vein quartz
P20-106 Good Hope Mine 9.15 13.72 4.57 1.210 17.60 Vein quartz & Fe Oxides
P20-106A Good Hope Mine 57.93 60.98 3.05 0.367 1.75
Offset of 106, encountered mine
workings in target zone
P20-107 Merritt Zone 12.20 19.82 7.62 0.420 1.92
47.26 51.83 4.57 0.565 4.67
57.93 67.07 9.15 0.583 0.76
P20-108 Merritt Zone 1.52 6.10 4.57 0.533 0.93
38.11 47.26 9.15 0.566 0.25
P20-109 Merritt Zone 44.21 50.30 6.10 0.534 1.95
118.90 121.95 3.05 0.323 1.55
P20-110 Merritt Zone 16.77 27.44 10.67 1.250 2.84
Including 19.82 22.87 3.05 4.250 4.95
and 53.35 74.7 21.35 0.742 3.69
Merritt Zone
Drilling in the Merritt zone comprised a combination of fill -in and step -out holes and continues to
expand and confirm gold mineralization peripheral to the Company’s 2017 drill holes. Holes P20-99
and P20 -107 to 110, inclusive, all encountered significant intercepts of near surface oxide gold
mineralization highlighted by hole P20-110, which contained 3.05 meters averaging 4.250 g/t Au within
a larger interv al averaging 1.25 0 g/t Au over 10.67 meters from a vertical depth of 16.77 meters,
followed by a second interval of gold mineralization averaging 0.742 g/t Au over the 21.35 meters from
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Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
53.35 meters vertical depth. Holes 99, 107 and 108 expanded mineralization to the southwest 30 to 40
meters while holes 109 and 110 expanded mineralization 15 to 30 meters in a north-northeast direction.
Good Hope Mine
Holes P20-100 to 106, inclusive, and 106A tested gold mineralization in the area of the Good Hope
Mine, in the southern portion of Pamlico Ridge. Underground sampling by Newrange in this area in
2019 and 2020 demonstrated good lateral continuity of gold mineralization. Drilling has now confirmed
that gold mineralization here is very shallow and locally outcrops as demonstrated by hole P20-104 that
intersected 15.24 meters of oxide gold mineralization from surface g rading 0.749 g/t Au , including a
higher-grade interval from surface grading 3.145 g/t Au over 3.05 meters. All holes were drilled
vertically such that the gold zone appears to be approximately 4.6 to 15.2 meters in thickness with a
shallow dip to the south-southeast, and it is still open to the northwest, northeast and southeast.
Summary
These drill results , together with all of the Company ’s previous drilling and underground sampling ,
continue to indicate that oxide gold mineralization at Pamlico occurs in a large, near surface, shallow-
dipping to nearly flat , laterally extensive structural zone . This zone is focused near a major contact
between latite tuffs a nd overlying rhyolite tuffs and flows , with mineralization locally extending upward
into the rhyo lite along structural zones. The Company postulates that mineralization may have
migrated laterally throughout the more permeable portions of this shattered co ntact zone from the
apparently sulfide -rich ‘Line 5 ’ chargeability anomaly identified in the Com pany’s 20 20 Induced
Polarization (IP ) survey. Of note, drilled mineralization in the Good Hope Mine is more than 1.5
kilometers distant from the approximate center of the Line 5 anomaly.
Drilling has resumed following the holiday break and is following up on the interpreted intrusive-related
gold mineralization intersected in hole P20-91 (see Newrange news release dated December 1, 2020).
Discrete chargeability anomalies are being targeted with the RC drill in order to identify potential
structural controls on gold mineralization that may aid in targeting deeper holes with a diamon d drill.
The Company is also in discussions with a geophysical contractor to extend the IP coverage across the
property. Not only would this outline the extent of the large anomaly currently interpreted to be related
to gold mineralization , but it should also detect any skarn -type mineralization on the property,
particularly in the southeastern area where skarn alteration has been observed.
Quality Assurance/Quality Control
Mr. Robert G. Carrington, P. Geo, a Qualified Person as defined by National Instrument 43 -101, the
President and Chairman of the Company, has reviewed, verified and approved for disclosure the
technical information contained in this news release. All drilling was conducted by Reverse Circulation
(RC) methods using a five -inch diameter center return bit. All drilling was supervised by professional
geologists. Samples were collected on 1.5 meter (5 foot) in tervals. Drill cuttings were captured in a
vacuum augm ented, closed system cyclone, then riffle split in a three -tiered Jones -type splitter.
Samples were then securely stored and delivered to Paragon Geochemical Laboratories in Sparks,
510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
Nevada for sample preparation and analysis. Samples were dried then stag e crushed to 80% passing
10 mesh. A 300 gram sub -sample was then split out and pulverized to 90% passing 140 mesh from
which 1 Assay Ton, approximately 30 gram samples were split for analysis by fire assay (FA) with an
OES finish. Samples assaying in exc ess of 5 g/t Au were re -assayed by fire assay with a gravimetric
finish. Silver was determined by fire assay with an atomic absorption finish. In addition to the QA – QC
conducted by the laboratory, the Company inserts blanks, standards and certified ref erence material
(CRM) at a rate of not less than 1 in 20. Duplicate samples are collected for all drill samples and are
submitted at a rate of 1 in 40.
About Pamlico
Located 12 miles southeast of Hawt horne, Nevada, along US Highway 95, the project enjoys excellent
access and infrastructure, a mild, year-round operating climate and strong political support from Mineral
County, one of the most pro -mining counties in the pro -mining state of Nevada. The P amlico project
covers the historic Pamlico group of min es, as well as the nearby Good Hope, Gold Bar and Sunset
mines.
Discovered in 1884, the district rapidly gained a reputation as being one of Nevada’s highest -grade
districts. Held by private interests for most of its history, the property remains underexplored in terms of
modern exploration.
About Newrange Gold Corp.
Newrange is a precious metals exploration and development company focused on near to intermediate
term production opportunities in favor able jurisdictions including Nevada, Ontario and Colora do. 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 disc overy.
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.
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
510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
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.