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Newrange Gold Expands Near Surface Oxide Gold Mineralization with Ongoing Underground Sampling at Pamlico
(via TheNewswire) VANCOUVER, BRITISH COLUMBIA / TheNewswire / March 11, 20...
About this update from Pinnacle Silver And Gold Corp
[{"type":"text","content":"Newrange Gold Expands Near Surface Oxide Gold Mineralization with Ongoing Underground Sampling at Pamlico(via TheNewswire)\n \n \nVANCOUVER, BRITISH COLUMBIA / TheNewswire / March 11, 2019 - (TSXV: NRG, OTCQB: NRGOF, Frankfurt: X6C) - Newrange Gold Corp. (\"Newrange\" or the \"Company\") is pleased to report the first assay results from its ongoing underground (old mine workings) channel sampling program at Pamlico Ridge. Sampling from the 5471 foot level of the Pamlico Mine has returned a composite interval averaging 1.26 grams gold per metric tonne (g/t Au) over 41.1 meters. This area of sampling lies approximately 280 meters southeast of the Merritt Area where the bulk of the Company's drilling to date has been conducted.\n\n\n \nIn addition, preliminary channel sampling on the 5446 foot level, approximately 190 meters to the northwest of the 5471 level sampling and 150 meters south of the Merritt Area has returned multiple channel samples ranging from 0.5 to 23.8 g/t Au. A crew has been mobilized to systematically sample the 5446 level as well as the adjacent 5400 and 5465 levels. \n\n\n \n\"The underground sampling at Pamlico Ridge is starting to bear fruit in expanding the footprint of the gold mineralization at Pamlico,\" stated Robert Archer, CEO of Newrange. \"One can think of the mine workings as horizontal drill holes that provide us with low-cost information over a significant area. These initial results are a good indication that we will be able to systematically expand the individual zones of gold mineralization in a cost-effective manner while defining precise targets for follow-up drilling. Although it is currently unsafe to access many of the old, presumably high-grade stopes, these wider, lower grade zones were unrecognized by miners in the late 1800's and 1920's and remain intact. Further, they confirm our view that significant disseminated gold mineralization co-exists with high-grade veins at Pamlico.\"\n\n\n \nKnown gold mineralization, including the area of artisanal mine workings, covers approximately 1,500 meters NW-SE by 1,000 meters NE-SW and is open in all directions. Several other large exploration targets are also present on the district scale Pamlico property and will be further advanced as part of the 2019 exploration program.\n\n\n \nThe channel samples within the 5471 level sampling range from 0...