Newrange provides an update on the exploration of the Pamlico project

VANCOUVER, BRITISH COLUMBIA – The press wire – October 6, 2021 (TSXV: NRG) we (OTC: NRGOF) (Frankfurt: X6C) – Newrange Gold Corp. (“New collection“or the”Society“) is pleased to provide an update on ongoing exploration on its Pamlico project in Nevada, where recent diamond drilling, mapping and sampling programs describe a large-scale, multiphase polymetallic mineralization system.

“The recognition of the metal zoning at Pamlico is an important step in the exploration of the project,” said Robert Archer, CEO of Newrange. “The structural complexity of the gold mineralization has made it difficult to trace the mineralized zones and this gives us a new tool to improve the chances of success. Ongoing mapping, rock and soil sampling, in conjunction with the expanded IP survey, demonstrate strong intrusive activity in the southern portion of the newly expanded property, with extensive copper, zinc, silver mineralization. and gold that was previously unrecognized. It now appears that we are dealing with more than one phase of mineralization activity spread over more than 25 square kilometers and the Pamlico mine area may be only part of it. “

Diamond drilling program

A 1,123 meter six-hole diamond drill program was conducted from May to August, but was prematurely terminated due to low productivity, poor core recoveries and cost overruns. Longer than usual turnaround times were recorded in the analyzes, but all results have now been received. As previously reported (Newrange press release July 6, 2021), four core holes, P21-122 through 125, inclusive, were drilled around reverse circulation (RC) hole P21-115, just east of the Merritt area and north of the historic Pamlico. To exploit. All core holes were drilled at -60 ° on an azimuth of 070 °, the same as hole P21-115, and were drilled within 25-30 meters of this hole (see plan view here). Significantly, all four holes exhibited a concentric metallic zonation beginning with a broad halo of zinc, followed by internal halos of lead, copper, arsenic and silver, generally in that order, with higher gold values ​​in discreet structures near the center. This program marks the first use of phased array geochemistry on drill samples. As the structural geology of the Pamlico area is very complex and there is no sulphide mineralization due to intense oxidation, the ability to use certain geochemical models as scouts will be important in future drill targeting. A program to reanalyze pulps and rejects from previous drilling samples for phased array geochemistry has been initiated.

The first coring, P21-122, intersected a brecciated quartz zone with secondary copper minerals including abundant chrysocolla and lesser amounts of azurite and malachite which yielded 2.54 grams per tonne of gold (g / t Au), 1,291 g / t silver (Ag), 1.1% copper (Cu) and 1.52% lead (Pb) over 1.52 meters. A similar vein at level 5428 of the historic Pamlico mine analyzed 5.62 g / t Au, 63.2 g / t Ag and 0.98% Cu more than 0.48 meters. Another silver enrichment zone was intersected in hole 122, with 35.1 g / t over 17.22 meters. This zone also included anomalies in gold (0.22 g / t over 3.96 meters), copper, lead and zinc. Just beyond, at a depth of 123.14-123.44 meters, a fractured rhyolite zone returned 10.2 g / t Au over 0.3 meter in a larger zone of 0.58 g / t Au over 12.34 meters.

Core hole P21-123, drilled “behind” P21-115, intersected a large zone of anomalous zinc and lead with more discreet gold intersections such as 6.54 g / t Au over 1.2 meters and several others in the 1-2 g / t Au range, including 1.82 g / t Au, 32.3 g / t Ag and 1.75% Pb over 1.50 meters. Hole P21-124 presented moderate zinc and lead but no significant gold value, while hole P21-125 returned 3.66 g / t Au over 0.61 meters in a larger zone of 0.82 g / t Au over 7.92 meters and a separate zone of 20.2 g / t Ag over 7.01 meters.

Hole MGC21-126 was drilled to test a previously identified multi-element soil anomaly on skarn altered limestone and limestone shale that coincides with favorable magnetic and IP geophysical anomalies over the Skarn area in the McGill Canyon region. . The hole was drilled approximately 100 meters from the exposed limestone contact with a mineralized rhyolite porphyry grading 2.994 g / t Au (see Newrange press release dated June 14, 2021). The hole intersected a strongly faulted area and altered contact zone between rhyolite and limestone, 80.18 to 92.38 meters, containing 1.40% Zn over 1.52 meters and 1.51% Zn over 1.52 meters. Other elements such as copper and silver were enriched over the entire 12.20 meter interval but gold values ​​were low, implying a metallic zonation similar to that observed in holes P21-122 to 125.

Hole MGC21-127, drilled to test a PP anomaly near the surface, intersected 22.86 meters of corneal skarn in a sedimentary ensemble with anomalous copper, before passing into a pyritic mudstone. Although the latter would have contributed to the PP anomaly in this sector, the alteration of the skarn is indicative of intrusive activity at depth. The zone exhibited weakly anomalous copper but no other significant value.

Mapping and sampling programs

Property-scale mapping and rock sampling are underway, a 750-sample soil grid has been completed over the Skarn area and a second 2-by-2-kilometer soil grid is underway on the Great IP anomaly in the southern part of the property (see map below and here). In the Skarn zone, 46 grab samples showed extensive polymetallic mineralization, with seven samples grading over 0.5 g / t Au (three of them over 1.0 g / t Au), three over 100 g / t Ag, four over 1% Cu, one over 1% Pb and four over 1% Zn.

Immediately south of the Skarn area, several intrusive bodies were recognized and are being mapped in more detail. Importantly, the shears and contact zones in this zone contain copper and zinc mineralization and skarn weathering is widespread in the sedimentary host rocks.


Click on the image to view it in full size

Pamlico project compilation map

In the eastern part of the property south of the historic La Panta mine, a north-south shear containing copper has been identified which shows a strong spatial association with a PP anomaly of similar trend. Pick samples along the structure returned 5.59%, 1.36%, 2.43% and 1.63% Cu over a length of approximately 250 meters.

Widespread polymetallic mineralization associated with weathering and shearing of the skarn, coupled with a greater abundance of intrusive rocks than previously known, indicates a large system of multiphasic intrusive mineralization. The current program will allow the Company to better interpret the the geological environment and develop new targets before mounting another drilling campaign. At that time it will be decided whether to try diamond drilling again with another contractor or revert to RC drilling.

Quality Assurance / Quality Control

Mr. Robert G. Carrington, P. Geo, a Qualified Person as defined by National Instrument 43-101, the Chairman and Chairman of the Board of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this press release. Press. All reverse circulation drilling was done using a five inch diameter center return drill bit. All drilling was supervised by professional geologists. Samples were taken at 1.5 meter (5 foot) intervals. The drill cuttings were captured in a closed system cyclone augmented by vacuum and then rifled in a Jones-type three-stage separator. All core reported in this press release is PQ or HQ diameter core, drilled with “triple tube” split shells. The core is recorded and marked by professional geologists for sampling. The core is then saw cut along the sample lines marked with diamond saws. The sludge from each identified sampling interval is collected separately, flocculated, dried and divided. Half of the sludge is then combined with half of the core for dosing, the other half of the sludge is placed in a paper envelope and kept with half of the reference core for future work. Samples are securely stored and delivered to Paragon Geochemical Laboratories in Sparks, Nevada for preparation and analysis. The samples are dried and then layered 80% milled passing 10 mesh. A 300 gram subsample is then separated and sprayed at 90% passing 140 mesh from which 1 test ton, about 30 gram samples are separated for analysis by fire assay (FA) with an OES finish. Samples grading more than 5 g / t Au are re-analyzed by fire assay with a gravimetric finish. Silver was determined by fire assay with an atomic absorption finish. In addition to the QA – QC performed by the laboratory, the Company inserts blanks, duplicates, standards and certified reference material (CRM) at a rate of at least 1 in 20.

About Newrange Gold Corp.

Newrange is focused on district-wide exploration for precious metals in favorable jurisdictions including Nevada, Ontario and Colorado. With local high-grade oxidized gold mineralization near the surface, the Pamlico Company’s flagship project is poised to become a significant new discovery in Nevada, while the North Birch project offers additional blue sky potential in the prolific Red Lake District. Focused on developing shareholder value through the exploration and development of key projects, the Company is committed to creating lasting value for all stakeholders. More information can be found on our website at www.newrangegold.com.

Sign: “Robert Archer”

CEO and director

For more information contact:

Sharon fleming

Business communication

Telephone: 760-898-9129
Email: info@newrangegold.com

Dave cross
Chief Financial Officer and Corporate Secretary
Telephone: 604-669-0868
E-mail:
dcross@crossdavis.com

Website: www.newrangegold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release..

Forward-looking statement:

Some of the statements contained in this press release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Newrange Gold Corp. Actual results may differ materially from those currently provided for in these declarations.



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