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Newrange Gold Re-discovers Good Hope Mine at Pamlico, Samples 13.89 gt Au and 71.19 gt Ag over 40 meters
(via TheNewswire) VANCOUVER, BRITISH COLUMBIA / TheNewswire / May 14, 2019...
About this update from Pinnacle Silver And Gold Corp
[{"type":"text","content":"Newrange Gold Re-discovers Good Hope Mine at Pamlico, Samples 13.89 gt Au and 71.19 gt Ag over 40 meters(via TheNewswire)\n \n \nVANCOUVER, BRITISH COLUMBIA / TheNewswire / May 14, 2019 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) - Newrange Gold Corp. (\"Newrange\" or the \"Company\") is pleased to announce that ongoing underground mapping and sampling at the Pamlico Project has identified the source of high-grade gold and silver in the historic Good Hope Mine. Underground channel sampling of the exposed part of the mineralized zone yielded a weighted average of 13.89 grams gold per metric tonne (g/t Au) and 71.19 grams silver per metric tonne (g/t Ag) over 40 meters in the 5690 level of the mine. Including the adjacent footwall and hangingwall samples, which are also mineralized, the same 40 meters averaged 4.96 g/t Au and 42.24 g/t Ag and the zone is open along strike and down dip. One of several historic past producing mines that are part of the Company's Pamlico gold project in Nevada, the Good Hope mine lies approximately 850 meters southeast of the Merritt decline along the general trend of Pamlico Ridge.\n\n\n \nThe Good Hope mineralization, like that found in the Pamlico Mine and the Merritt Area, is intensely oxidized. The silver to gold ratio (Ag:Au) of 7.9 to 1 is, however, much higher in the Good Hope samples than in the Pamlico Mine and the Merritt Area, where it averages roughly 1 to 10. The 5690 level Ag:Au ratio is more typical of gold deposits throughout the Basin and Range province and indicates a potentially important zonation within this extensive mineralizing system, which could provide very important vectoring information for future exploration. \n\n\n \n\"The re-discovery of the Good Hope Mine mineralization is a very significant development for the Pamlico Project,\" stated Robert Archer, CEO. \"With approximately 8,000 meters of underground workings and 300 mine entrances within an area of about 1,500 by 1,000 meters, and no maps or production data to rely upon, the ability to make this kind of discovery almost a kilometer away from our highly successful exploration in the Merritt Area underscores the tremendous potential of the project. Having access to these extensive workings provides a unique opportunity in that the channel samples provide data that is of a higher quality than that obtained by drilling, a...