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Newrange Gold Completes IP Survey at Pamlico Project
(via TheNewswire) VANCOUVER, BRITISH COLUMBIA - TheNewswire - Jan...
About this update from Pinnacle Silver And Gold Corp
[{"type":"text","content":"Newrange Gold Completes IP Survey at Pamlico Project(via TheNewswire)\n \n \nVANCOUVER, BRITISH COLUMBIA - TheNewswire - January 30, 2020 (TSXV:NRG) (OTC:NRGOF) (Frankfurt:X6C) - Newrange Gold Corp. (\"Newrange\" or the \"Company\") is pleased to announce that the previously announced Induced Polarization and Resistivity (IP) survey at the Company's Pamlico project in the Walker Lane Trend of western Nevada has been completed. \n\n\n \nThe survey initially focused on four principal targets: Pamlico Ridge, Pediment, Gold Box, and Skarn zones, and was expanded to cover the historic Central and Sunset Mine zones. Several strong and well-defined anomalies were detected, and additional lines were added, ultimately comprising 14.8 line kilometers in 9 test lines ranging from 1,200 to 2,200 meters long and covering an area of more than 10 square kilometers. Once the data processing is complete, potentially within the next week, the Company's consulting geophysicist will provide a final interpretation.\n\n\n \n\"The preliminary results of the IP survey are extremely encouraging as they are interpreted to indicate the presence of sulphides at depth,\" stated Robert Archer, CEO. \"The final interpretation will assist in the overall understanding of the geological setting on the project and provide targets for the upcoming drill program. In addition, underground surveying and mapping is now complete and underground sampling is proceeding at the historic Gold Bar Mine with numerous assays pending. The scanning and surveying have moved to the upper levels of the Pamlico Mine to better define the extent of historic development in that area. With our recent financing, the monetization of our Colombian assets and the potential exercise of warrants, Newrange should be well funded for exploration throughout 2020.\"\n\n\n \nThe IP survey was designed to penetrate the deep blanket of oxidation at Pamlico and test for indications of sulphide mineralization at depth. Surface oxidation at Pamlico extends to depths ranging from 250 to 400 meters compared with typical 30 to 100 meter depths of oxidation for most precious metals systems in Nevada. Importantly, all historic gold production from the district has been contained within this very thick zone of oxidation. Previous exploration, drilling and development at Pamlico have also been focused exclusiv...