Business
Newrange Gold Identifies New Drill Targets at Pamlico Project
VANCOUVER, BC--(Marketwired - November 28, 2017) - Newrange Gold Corp. (TSX VENTURE: NRG) ("Newrange" or the "Company") is pleased to announce that the Company'
About this update from Pinnacle Silver And Gold Corp
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - November 28, 2017) - Newrange Gold Corp. (TSX VENTURE: NRG) (\"Newrange\" or the \"Company\") is pleased to announce that the Company's property wide magnetic, radiometric and gravity geophysical surveys have identified multiple new gold targets, in addition to expanding known zones of gold mineralization. On the western side of the Property, the geophysical data suggests that the Pamlico Ridge mineralized trend is likely more extensive than previous mapping had outlined, and may be up to 4 ½ kilometers long. The final report on the surveys, titled \"Interpretation of Airborne Magnetic, Radiometric and Gravity Data for the Pamlico Project, Mineral County, Nevada\", by EGC Inc., describes multiple skarn and sediment hosted gold targets indicated by the integration of the magnetic, radiometric (potassium) and gravity data with geologic mapping. All maps and sections referred to in this news release may be viewed on the Company's website at: www.newrangegold.com or by following this link. Description of the Geophysical Surveys The three geophysical surveys conducted at Pamlico by the Company include airborne magnetic and radiometric surveys, as well as a ground based gravity survey. These surveys measure various physical properties that can be used to help locate mineralized targets: Airborne magnetics measures variations in the earth's magnetic field caused by various rock packages extending from the surface to depths of a kilometer or more, and provides a basis for constructing 3-D models of potentially important host rocks, their related structures and the presence of magnetic minerals. When combined with geology, this magnetics mapping helps to delineate larger intrusive bodies, more localized dikes and sills, and marker beds in both the sedimentary and volcanic units. Alteration that has related magnetic minerals, such as magnetite and pyrrhotite, can be an important indicator of skarn zones that may have related precious and base metal mineralization as at Newmont's Phoenix Mine at Battle Mountain, Nevada. Locally, skarn alteration of limestones has been mapped on the Property. Certain rock formations develop characteristic \"signatures\" of magnetic response that indicate their positions in the subsurface that can be used to help guide exploration for buried mineralization. The airborne radiomet...