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Newrange Gold Corp.: Underground Channel Sampling At Pamlico Yields New High-Grade Gold Discovery
VANCOUVER, BC--(Marketwired - March 02, 2017) - (TSX VENTURE: NRG) (FRANKFURT: X6C) - Newrange Gold Corp. ("Newrange" or the "Company") is pleased to announce t
About this update from Pinnacle Silver And Gold Corp
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - March 02, 2017) - (TSX VENTURE: NRG) (FRANKFURT: X6C) - Newrange Gold Corp. (\"Newrange\" or the \"Company\") is pleased to announce the Company's initial program of diamond saw cut channel sampling in the Merritt decline has resulted in the discovery of multiple, previously unidentified, high-grade gold zones that have never been drill tested or sampled at its Pamlico project in Nevada. A continuous interval 32 meters long was sampled from the face (front) of the decline up toward the portal. The sampled intervals are roughly perpendicular to the strike of observed mineralized structures and which are estimated represent 90 to 100% of the sample length. Assays within this interval identify two new high-grade gold zones which have never been sampled or drill tested previously. The first zone sampled yielded 17.25 grams gold per metric tonne (g/T Au) over a length of 13.8 meters, including 4.6 meters averaging 26.46 g/T Au with a sub-interval of 1.5 meters averaging 59.5 g/T Au. A separate high-grade interval of 1.5 meters averaging 36.9 g/T Au was also discovered in this zone. The second zone yielded 4.6 meters averaging 10.84 g/T Au, including 1.5 meters averaging 28.9 g/T Au. All intervals reported are contained within a much broader continuous 32.0 meter interval averaging 7.02 g/T Au. Decline saw cut channel sample results - Pamlico From To Length Average (m) (m) (m) oz/t gold g/T gold 0 32.0 32.0 0.205 7.02 Zone 1 9.1 22.9 13.8 0.503 17.25 Incl. 9.1 13.7 4.6 0.772 26.46 Incl. 12.2 13.7 1.5 1.735 59.50 Incl. 19.8 21.3 1.5 1.076 36.90 Zone 2 27.4 32.0 4.6 0.316 10.84 Incl. 30.5 32.0 1.5 0.843 28.90 Note: Average grades reported are length weighted average of all assays within the reported interval. No grade capping has been applied. Reported lengths are sampled lengths. Based on available structural information true widths are estimated to be 90% or greater of these sample intervals. The saw cut channel sampling reported herein extends in an unbroken sequence from the face ...