Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF Newrange Provides Corporate Update
250 - 750 West Pender Street, Vancouver, BC V6C 2T7 - Tel. 1 (877) 271 5886 ext. 110
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
Newrange Provides Corporate Update
VANCOUVER, BRITISH COLUMBIA, December 13, 2023 (TSXV: NRG, US: NRGOF, Frankfurt: X6C)
– Newrange Gold Corp. ("Newrange" or the “Company") announces that, following the termination of
the previously announced business combination with Mithril R esources (see Newrange News Release
of November 21, 2023) the TSX Venture Exchange has advised the Company that trading in Newrange
shares will resume at the market open on Friday December 15, 2023.
Given that the merger is not proceeding, Newrange’s Board of Directors is reconsidering the previously
contemplated name change and 2:1 share consolidation and will provide further details in due course.
Robert Archer, President and CEO of Newrange commented that, “As precious metal prices are trending
higher going into the New Year, w e are wasting no time in renewing our search for another significant
project and will be applying for a new work permit to commence follow-up diamond drilling at the North
Birch Project in the prolific Red Lake Mining Division. Our projects are within 12 kilometres of the
Springpole Gold Deposit being developed by First Mining Gold in the Birch-Uchi Greenstone Belt and the
Red Lake area is seeing another resurgence of exploration activity.”
In 2022, Newrange completed t he first hole ever drilled on the main target horizon at North Birch and
intersected a deformation zone more than 100 metres wide with extensive carbonate and sericite
alteration, tightly folded iron formation, quartz veining and pyrite-pyrrhotite mineralization with anomalous
gold values (see Newrange News Release of March 9, 2022). Based upon airborne magnetic and LiDAR
surveys, this horizon is believed to extend for at least 8 kilometres on the North Birch property.
Drilling on the adjacent and past-producing Argosy Gold Mine may also be undertaken as part of the
same program. Active between 1931 and 1952, the mine produced 101,875 ounces of gold and minor
amounts of silver from 276,573 tons of ore at an average grade of 0.37 ounces per ton (12.7 g/t) Au. The
mine was only developed to a depth of 900 feet (270 metres), however, and although developed ore
reserves had been exhausted at the time the mine closed, it is known from recent drilling by a previous
owner that high-grade gold mineralization extends below the old workings (up to 15.8 g/t Au over 3.5m).
Both North Birch and Argosy are owned 100% by Newrange, subject to 2% and 2.5% NSR royalties,
respectively.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Robert Archer ,
P.Geo., who is a Qualified Person as defined under National Instrument 43-101. Mr. Archer is President
and CEO of Newrange Gold.
250 - 750 West Pender Street, Vancouver, BC V6C 2T7 - Tel. 1 (877) 271 5886 ext. 110
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
ABOUT NEWRANGE
Newrange is an exploration company listed on the TSXV, with a focus on district -scale exploration for
precious metals in the prolific Red Lake District of north- western Ontario, Canada. The past -producing
high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional
discovery potential. Further information can be found on our website at www.newrangegold.com.
Signed: “Robert Archer”
President & CEO
FOR FURTHER INFORMATION CONTACT:
Email: [email protected]
Tel.: +1 (877) 271-5886 ext. 110
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 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.