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Newrange Gold Corp. Announces Phase III Step Out Drilling Extends Gold Mineralization to 0.5 km Along Trend at Pamlico Project, Nevada
VANCOUVER, British Columbia, July 10, 2018 (GLOBE NEWSWIRE) -- Newrange Gold Corp. (TSXV:NRG) (OTCQB:NRGOF) (Frankfurt:X6C) ("Newrange" or the “Company") is ple
About this update from Pinnacle Silver And Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, July 10, 2018 (GLOBE NEWSWIRE) -- Newrange Gold Corp. (TSXV:NRG) (OTCQB:NRGOF) (Frankfurt:X6C) (\"Newrange\" or the “Company\") is pleased to announce Phase III drill results have extended the mineralized gold trend to approximately 1,600 ft (488 m) on strike to the southeast from the Merritt Decline Area along Pamlico Ridge. This latest round of drilling demonstrates an approximate 400% increase of prospective high-grade vein and disseminated gold targets. This drilling expanded both the strike length and width of the mineralized corridor, and identified new host rock and structural settings favorable for hosting gold mineralization. A geologic plan map and two cross sections provide summary reference information on the Company website here. Key Highlights Newrange’s Phase III drill results indicate an expanded strike length of 1,600 feet (488 m) that includes the Merritt Decline Area and newly identified mineralization at Pamlico Ridge – in excess of 4 times the previously known strike length. Phase III results also expand the apparent width of the mineralized corridor from 220 feet (67 meters) to 420 ft (128 m). Prospective depths have been increased to about 530 ft (161 m), a 260% increase over the vertical extent of mineralization indicated by the Company’s 2017 drilling. The best gold values were seen in hole P18-47 which intersected 39.6 meters of 1.482 g/T gold while P18-44 intersected 86.9 meters of 0.578 g/T gold, including 25.9 meters of 1.021 g/T gold. Drilling confirms consistent and deep levels of oxidation ranging from 600 to more than 900 feet (200 to 300 meters) below surface. All gold intercepts to date are in thoroughly oxidized host rock, commonly favorable characteristic for modern metallurgical recovery processes. 2018 drill results also confirm the importance of recently mapped major northwest fault zones. Importantly, the latest drilling has also discovered a deeper favorable host rock package. Ongoing surface and underground mapping and sampling continues to refine the geologic framework Newrange will use to explore many other prospective targets on the property. Phase III Drill Program Pamlico Ridge Drilling consisted of seven holes totaling 5,337 ft (1,627 m). Three of the...