(via TheNewswire)
As indicated in Newrange press release of
“Our field geologists are making great progress on the evaluation and understanding of the geological setting of the enlarged property,” stated
Target Areas:
Merritt Area /Pamlico Mines:Gold mineralization in and around the Merritt Decline is being reinterpreted with the goal of further defining, and potentially enlarging, the zone of near surface high-grade gold.“91” Zone:Discovered in late 2020 in the historic
Central Mine area, 1,300 metres northeast of the Merritt Decline, the “91” Zone presents a significant bulk tonnage gold target.La Panta Mine :In the northern part of the property, the historic polymetallicLa Panta Mine is being re-evaluated for potential continuations of gold-silver-copper-lead-zinc mineralization.Pamlico East:Southeast of La Panta, a north-south copper-bearing shear(seeFig. 1)has been identified that shows a strong spatial association with a similarly-trending and three-kilometre-long Induced Polarization (IP) anomaly. As previously reported (
Oct. 6, 2021 ), grab samples along the structure have returned 5.59%, 1.36%, 2.43% and 1.63% copper over a strike length of approximately 250 meters.
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Fig. 1: Copper-bearing shear in limestone, ‘Pamlico East’ Target Area
Skarn Zone/McGill Canyon :Rock and soil sampling in this area, approximately 4 kilometres southeast of the Merritt Decline, demonstrates widespread gold-silver-copper-lead-zinc mineralization proximal to the contact between a felsic intrusive and limestones and coincident with a moderate IP anomaly. In particular, grab samples with individual assays of up to 3.0 g/t gold, 2.8% copper and 5% zinc, were taken over an area of 1.2 kilometres east-west by 1.3 kilometres north-south.*Pamlico South:In this new area, south of the
Skarn Zone and extending along the southern part of the property, several intrusive bodies have been recognized and are being mapped out in more detail. Grab samples from shears, veins and contact zones within the intrusive rocks returned up to 3.75% copper with associated endoskarn alteration (seeFig. 2), while copper mineralization up to 4.2% in grab samples along with widespread anomalous copper, zinc and lead in soils is associated with exoskarn alteration within the adjacent sedimentary rocks.* This extensive area is underlain by a strong chargeability (IP) anomaly roughly 3 kilometres across.
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Fig. 2: Copper-bearing intrusive rocks in old dump, ‘Pamlico South’ Target Area
Property-wide mapping and rock sampling is ongoing and the aforementioned target areas (seeFig. 3) are being prioritized for drilling in 2022.
Quality Assurance/Quality Control
All rock samples were securely stored following collection and delivered to
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Fig. 3: Pamlico Project Compilation Map
(*Note: A total of 130 grab samples with assays ranging from <5 to 3,000 ppb (3.0 g/t) gold, 1 to 56,000 ppm (5.6%) copper and 2 to 49,600 ppm (4.96%) zinc were taken across the property and those mentioned are for illustrative purposes only.)
Qualified Person
Mr.
About
Newrange is focused on district-scale exploration for precious metals in favorable jurisdictions including
Signed:“Robert Archer”
President & CEO
For further information contact:
Sharon Fleming
Corporate Communications Chief Financial Officer and Corporate Secretary
Phone:760-898-9129 Phone: 604-669-0868
Email: info@newrangegold.com Email: dcross@crossdavis.com
Website:www.newrangegold.com
Neither the
Forward-Looking Statement:
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of
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Copyright (c) 2021 TheNewswire - All rights reserved., source