Newrange Gold Stakes Additional Ground at Pamlico Project to Cover IP Anomalies - Increases Property Size by 50%

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[{"type":"text","content":"Newrange Gold Stakes Additional Ground at Pamlico Project to Cover IP Anomalies - Increases Property Size by 50%(via TheNewswire)\n \n \nVANCOUVER, BRITISH COLUMBIA - TheNewswire - February 17, 2020 (TSXV:NRG) US (OTC:NRGOF) (Frankfurt: 6C) - Newrange Gold Corp. (\"Newrange\" or the \"Company\") is pleased to announce that the recently completed and interpreted Induced Polarization and Resistivity (IP) survey at the Company's Pamlico Project in the Walker Lane Trend of western Nevada has successfully generated several targets worthy of drill testing. Given the trend and extent of the IP anomalies, the Company has acquired 105 additional claims, by staking, contiguous with the eastern and northern property boundaries, adding 878 hectares to the property, such that it now covers 2,548 hectares. Maps and cross sections of the IP results and new property boundary can be found on the Company's website at www.newrangegold.com. \n\n\n \n\"The IP survey was very successful in identifying several anomalies that are interpreted to reflect the presence of sulphide mineralization,\" stated Robert Archer, CEO. \"While the oxidation at Pamlico is intense and deep, there is apparently enough fine grained remnant sulphide to generate a response. We can see several subtle anomalies that correlate well with gold mineralized zones identified by our drilling near the end of the Merritt Decline, and with the Pamlico, Gold Bar and Good Hope mines, leading us to believe that other similar anomalies identified by the survey may represent untested mineralization. These anomalies vary in depth from close to surface to approximately 200 meters and, while it is difficult to say to what extent some of these may be interconnected, we can see pronounced trends that extend several hundred meters with similar attitudes to those observed in mineralized structures. \n\n\n \nIn addition, a strong anomaly was detected up to 1,000 meters wide and more than 1,000 meters in length with an apparent depth of 150-200 meters and, for this reason, we decided to add more claims to make sure the area was adequately covered. While the broad nature of this anomaly indicates that the source may be lithological, the extremely high chargeability indicates concentrations of sulfide mineralization below the oxide horizon. It is possible that this anomaly may represent a buried intr...

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