Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: NRG; NRGOF

Explorer Finds Further High-Grade Mineralization at Nevada Mine
News Update

Source:

These results are from an ongoing mapping and sampling program at various levels of the underground workings.

Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release that exploration work on the 5570 level of its Good Hope mine identified structurally controlled, high-grade gold and silver mineralization. Good Hope is part of Newrange's Pamlico project in Nevada.

Follow-up underground mapping and channel sampling from accessible mine workings over a strike length of 24 meters (24m) returned gold grades averaging 12.48 grams per ton (12.48 g/t) gold and 49.55 g/t silver.

"Importantly, the high-grade zone is contained within a much larger mineralized envelope more than 142m long and 4–13m wide, comprising mineralization found in both the hanging wall and foot wall of the high-grade zone," the release noted. This bigger zone remains open along strike to the east and to the west.

Also of note, the high-grade zone at the Good Hope mine's 5570 level is downdip and 36.6m below similar high-grade mineralization previously sampled on Good Hope's 5690 level.

"We are starting to see a sizable zone of continuous gold-silver mineralization building at the Good Hope mine," CEO Bob Archer said in the release. "The underground mapping and sampling program is proving to be an extremely valuable and cost-effective tool for us to build a 3D model of the mineralization in advance of drilling it."

The sampling program is about half done, the company noted.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Newrange Gold Corp. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Newrange Gold, a company mentioned in this article.




Want to read more about Gold and Silver investment ideas?
Get Our Streetwise Reports Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe