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Newrange Gold Confirms Additional Continuity of Gold Mineralization and Provides Summary of Results at Good Hope Mine
(via TheNewswire) VANCOUVER, BRITISH COLUMBIA - TheNewswire - Jan...
About this update from Pinnacle Silver And Gold Corp
[{"type":"text","content":"Newrange Gold Confirms Additional Continuity of Gold Mineralization and Provides Summary of Results at Good Hope Mine(via TheNewswire)\n \n \nVANCOUVER, BRITISH COLUMBIA - TheNewswire - January 7, 2020 (TSXV:NRG) (OTC:NRGOF) (Frankfurt: X6C) - Newrange Gold Corp. (\"Newrange\" or the \"Company\") is pleased to announce that the last of the underground channel sampling of the Good Hope Mine at the Company's Pamlico project has identified oxide gold mineralization extending from outcrops at the portal of the 5609 level for the entire 51 meter length of the level. Mineralization, as sampled, ranges from 5 to more than 17 meters in width with an average grade of 1.05 grams gold per metric tonne (g/t Au) and 11.2 grams silver per metric tonne (g/t Ag). \n\n\n \nThe mineralized zone on the 5609 level is well exposed in the complex workings of that level and remains open to the east beyond the workings. Defined by 109 underground channel samples that range from 0.011 to 28.5 g/t Au and 1.5 to 59.5 g/t Ag, this large zone of \"halo\" mineralization encompasses a higher-grade core that averages 3.25 g/t Au and 11.5 g/t Ag. Importantly, compared to many of the other levels in the Good Hope mine, the 5609 level explores more of the width of the mineralized zone and confirms potential for broad mineralized \"halos\" surrounding the high-grade mineralization that was the focus of historic mining activities throughout the district. The 5609 level results indicate excellent continuity of mineralization between the adjacent levels where results from the 5570 level (see Newrange press release of August 6, 2019) averaged 12.48 g/t Au and 49.55 g/t Ag over a 24 meter strike length, within a larger zone averaging 1.15 g/t Au and 20.48 g/t Ag over a strike length of 144 meters, and the 5690 level (see Newrange press release of May 14, 2019) averaged 13.89 g/t Au and 71.19 g/t Ag over 40 meters. \n\n\n \n\"With these final results, we are pleased to see the continuity of gold and silver mineralization throughout the workings at the Good Hope Mine,\" stated Robert Archer, CEO. \"Now that the Company is well financed, we intend to add at least one more sampling crew to speed up the process. In addition, the IP geophysical crew will be returning to continue that survey and refine additional drill targets to be tested later in this first quarter.\"\n\n\n...