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Newrange Continues to Expand Footprint of Gold and Silver Mineralization at Pamlico with Systematic Underground Sampling
(via TheNewswire) VANCOUVER, BRITISH COLUMBIA, August 6, 2019 (TSXV:NRG ) (...
About this update from Pinnacle Silver And Gold Corp
[{"type":"text","content":"Newrange Continues to Expand Footprint of Gold and Silver Mineralization at Pamlico with Systematic Underground Sampling(via TheNewswire)\n \n \nVANCOUVER, BRITISH COLUMBIA, August 6, 2019 (TSXV:NRG) (US: NRGOF, Frankfurt: X6C) - Newrange Gold Corp. (\"Newrange\" or the \"Company\") is pleased to announce that follow-up mapping and channel sampling on the 5570 level of the Good Hope Mine at the Company's Pamlico gold project has identified structurally controlled high-grade mineralization averaging 12.48 grams gold per metric tonne (g/t Au) and 49.55 grams silver per metric tonne (g/t Ag).\n\n\n \nThis high-grade mineralization was sampled in accessible mine workings over a strike length of 24.0 meters and ranges in width from 0.1 to 1.1 meters with an average width of 0.6 meters. Importantly, the high-grade zone is contained within a much larger mineralized envelope more than 142 meters long and 4 to 13 meters wide, comprising mineralization found in both the hangingwall and footwall of the high-grade zone. The average, uncapped grade of the broader zone is 1.15 g/t Au and 20.48 g/t Ag. This large mineralized zone remains open to expansion along strike to the east and west. The down dip projection appears to be partially explored and developed by workings on the 5518 level where additional sampling is currently under way. \n\n\n \nAlso of importance is the fact that the 5570 level high-grade zone lies structurally down dip and 36.6 meters (120 feet) vertically below similar high-grade mineralization sampled on the 5690 level of the Good Hope Mine that averaged 13.89 g/t Au and 71.19 g/t Ag over 40.0 meters (see Newrange news release of May 14, 2019). Like the mineralization on the 5690 level, mineralization on the 5570 level is hosted in lithic tuffs, is intensely oxidized and strikes roughly E-W with a shallow southerly dip. \n\n\n \n\"We are starting to see a sizeable zone of continuous gold-silver mineralization building at the Good Hope Mine,\" stated Robert Archer, CEO. \"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.\"\n\n\n \nThe Good Hope Mine lies along Pamlico Ridge approximately 850 meters southeast of the Merritt Area where the Company's prior drilling first identified extensive hi...