Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF Newrange Samples up to 47.34 g/t Gold in Central Mine Area of Pamlico Project
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Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
Newrange Samples up to 47.34 g/t Gold in Central Mine Area of Pamlico
Project
VANCOUVER, BRITISH COLUMBIA, January 11, 2022 (TSXV: NRG, US: NRGOF, Frankfurt: X6C)
– Newrange Gold Corp. ("Newrange" or the “Company") is pleased to announce that a new mapping
and sampling program in the historic Central Mine area of its Pamlico Project in Nevada has indicated
widespread gold mineralization with values up to 47.34 g/t . In keeping with the Company ’s renewed
focus on the larger scale geological setting, and as there is little historical information from the mine
itself, a preliminary program of mapping mineralized structures and sampling dump material from the
numerous adits was undertaken to determine what had been mined in the past.
Gold mineralization seems to have been confined to a volcano-sedimentary (“VS”) unit on the west side
of a limestone ridge. A total of 67 grab samples were taken of quartz breccia ma terial (most with iron
oxides) in the old mine dum ps extending over an area of approximately 700 metres north-south by up
to 350 metres east -west. Of these samples, 55 (78%) returned gold values greater than 0.1 g/t , 29
samples (43%) were greater than 1.0 g/t and 13 (19%) assayed more than 5. 0 g/t Au. The average
grade of all 67 samples was 4.33 g/t gold.
Significantly, other metals are also highly anomalous within this zone. Assay ranges and averages are
as follows:
• Gold : 0.005 to 47.34 g/t ; Ave. 4.33 g/t
• Silver : 0.2 to 175 g/t ; Ave. 18.2 g/t
• Copper : 5 to 34300 ppm (3.43%) ; Ave. 1420 ppm
• Lead : 6 to 38900 ppm (3.89%) ; Ave. 4386 ppm
• Zinc : 2 to 7900 ppm (0.79%) ; Ave. 1810 ppm
• Manganese : 44 to 49000 ppm (4.9%) ; Ave. 8908 ppm
• Arsenic : 6 to 14800 ppm (1.48%) ; Ave. 717 ppm
“These results are very encouraging in that they give us a be tter understanding of the style of
mineralization in the Central Mine area,” stated Robert Archer, Newrange President & CEO. “As the
area had not been previously mapped in detail, the new information will be important for our follow up
drilling. The ‘91’ Zone discovered by Newrange in late 2020 lies just on the eastern edge of here at a
vertical depth of approximately 100 metres . Although we do not have any reliable production figures
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from the mine, the lateral extent and tenor of the polymetallic mineralization in the old dum ps coupled
with that in the ‘91’ Zone suggests that a significant mineralizing system is present here.
Furthermore, the Char geability anomaly named the ‘ Line 5’ anomaly lies just to the east, under the
limestone ridge. It is still c onsidered likely that this anomaly reflec ts sulphide mineralization within the
VS unit below the limestone.”
The gold-bearing mineralized structures at the Central Mine are sub- parallel with a general north-south
strike and dip between 15 and 85 degrees to the east and are offset by east-west faults. The structures
contain quartz veins (including banded quartz), silicified vein and fault breccia, and variable amounts of
iron-oxides. Veins are between 4 centimetres and 2 metres wide. Limonite, pseudomorphs of pyrite by
goethite and boxwork textures all indicate that sul phides were present in the quartz veins prior to
oxidation. Copper minerals were noted locally.
In addition, recently recognized s karn alteration and extensive silicification exists in the limestones to
the immediate south west of the Central Mine area, which fits with the working hypothesis that
mineralization on the Pamlico Project is related to a large intrusive system.
Quality Assurance/Quality Control
All rock samples were securely store d following collection and delivered to Paragon Geochemical
Laboratories in Sparks, Nevada for preparation and analysis. Samples are dried then stage crushed to
70% passing 10 mesh. A 250-gram sub-sample is then split out and pulverized to 85% passing 200
mesh from which 1 Assay Ton (approximately 30-gram) samples are split for analysis by fire assay (FA)
with an Aqua R egia (AQR) digest and OES finish. Samples assaying in excess of 5 g/t Au ar e re-
assayed by FA with a gravimetric finish. Silver was determined by FA with an atomic absorption finish.
Samples submitted for multi-element geochemistry were subjected to AQR digestion and ICP-OES. In
addition to the QA/QC conducted by the laboratory, the Company inserts blanks, duplicates, standards,
and certified reference material (CRM) at a rate of not less than 1 in 20.
Qualified Person
Mr. Robert A. Archer, P. Geo, a Qualified Person as defi ned by National Instrument 43 -101, and the
President and C EO of the Company, has re viewed, verified and approved for disclosure the technical
information contained in this news release.
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 open to depth, whi le the adjacent North Birch Project offers additional blue-sky
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potential. F ocused on developing shareholder value through exploration and development of key
projects, the Com pany is committed to building sustainable value for al l stakeholders. Further
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 news release c ontain forw ard-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.