Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF Newrange Initiates Expanded IP – Resistivity Survey 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 Initiates Expanded IP – Resistivity Survey at Pamlico
VANCOUVER, BRITISH COLUMBIA, January 25, 2021 (TSXV: NRG, US: NRGOF, Frankfurt: X6C)
– Newrange Gold Corp. ("Newrange" or the “ Company") is pleased to announce that the Company
has initiated a 52 line kilometer IP and Resistivity survey being conducted by Géophysique TMC of Val-
d’Or, Quebec at the Company’s Pamlico project in Nevada.
The survey is designed to expand and i ncrease resolution of the large “Line 5” chargeability anomaly
and a separate but potentially related anomaly in the area termed the “Skarn Zone”, more than 3.8
kilometers to the SE, both discovered in the Company’s 2019 /20 IP-Resistivity survey. The Line 5
anomaly is roughly 1,000 meters wide , more than 1,000 meters lo ng and remains open to expansion
along trend to the north and south . The current high -resolution survey is designed to penetrate to
depths of 500 meters and will be merged with d ata from the earlier survey to provide near property-
wide coverage.
Recent drilling, announced by the Company on December 1, 2020, intersected significant lengths of
gold mineralization proximal to the Line 5 anomaly in a sequence of sericitized and chloritized volcano-
sedimentary rocks (see map here). As indicated in that press release, the Com pany considers it likely
that observed alteration and gold mineralization throughout the district are related to fluids emanating
from a buried intrusive and that a related sulfide rich “skarn” system i s the cause of the large Line 5
chargeability anomaly. Gold bearing skarn systems form some of the largest and most important
deposits in the world and are found throughout Nevada including the Carlin, Cove -McCoy, Battle
Mountain and many other districts.
“The initial IP survey at Pamlico was highly successful in detecting buried sulfides, some of which show
a direct relationship to gold mineralization,” stated Robert Archer, Newrange’s CEO . “In combination
with what we are learning from our ongoing drilling program, we are redefining the geological model on
the project to enhance the probability of finding a significant deposit. Exploration is a dynamic process
and the expansion of the IP survey across the property will allow us to better interpret the g eological
environment and improve our targeting for the upcoming diamond drilling program.”
About Pamlico
Located 12 miles southeast of Hawthorne, 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 Pamlico 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
covers the historic Pamlico group of mines, as well as the nearby Good Hope, Gold Bar and Sunset
mines.
Discovered in 1884, the district rapidly gained a repu tation 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 favorable jurisdictions including Nevada, Ontario and Colorado. With
locally high-grade, near surface oxide gold minerali zation, the Company’s flagship Pamlico Project is
poised to become a significant new Nevada discovery. 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
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 st atements in this news release contain forward -looking information t hat involves inherent risk and uncertainty affecting the
business of Newrange Gold Corp. Actual results may differ materially from those currently anticipated in such statements.