Pretty quiet here, drill news out today, seems decent to expand zones does not look to be as high grade we seen before
From news release below
Newrange Gold Corp. has released final drill results for holes P17-33 through P17-40, the last eight holes from the 2017 Pamlico phase II drill program. Drill holes P17-33, 34 and 35 all contain significant oxide gold intercepts that confirm and extend high-grade mineralization along the K zone and J zone trends within the Merritt target area. Although individual samples from the these three holes vary to up to 56.7 grams per tonne gold, they also continue to highlight broader lower-grade intervals of near-surface bulk tonnage potential. See the company's website for the latest drill-hole map.
The company plans to begin the phase III drill program in early February, 2018.
Discussion of drill results
Holes P17-33 and P17-34 offset high-grade drill holes P17-31 and P17-32, which were reported in the company's news release dated Nov. 6, 2017. Drill hole P17-33 extends the K zone to the northwest, while hole P17-34, drilled on the same line, extends gold mineralization to the southeast. Holes P17-33 and P17-34 both intersected high-grade gold mineralization within broad halos of web-like stockwork-style mineralization, similar to that encountered in holes P17-18, 31 and 32. Hole P17-35 provides additional infill and extension of the J zone to the northwest with selective high-grade iron-oxide-style gold veining within a broader lower-grade halo.
Hole P17-36 appears to have been collared too close to the edge of the J zone and overshot the target, however a 9.2-metre intercept of 0.74 gram per tonnne gold suggests that additional favourable structure and stratigraphy are present in the footwall of this zone.
Holes P17-37 and P17-38 were drilled roughly along trend from the K zone area, but encountered dramatically different host rocks and structure than expected. Although the targeted host rock sequence is much thinner in this immediate area due to faulting or stratigraphic variation, both holes produced significant intercepts, as shown in the assay table. Significantly, these intercepts, plus broader zones of lower-grade mineralization, suggest the gold system is still present in this area as it continues to the northwest. Holes P17-39 and P17-40 did not intersect significant mineralization and appear to have missed their respective targeted structures.
Since acquiring Pamlico, the company's exploration efforts have been highly focused on the Merritt target area, which represents less than 1 per cent of the Pamlico property. This work, designed to develop a high-confidence, strong predictive model of the complex geology and very high-grade mineralization at Pamlico, has been exceptionally successful and will be an invaluable guide in exploring for other high-priority targets, building on the company's initial results in the Merritt area.
This work has:
Identified multiple new, shallow, high-grade, structurally controlled zones of mineralization;
Identified large areas of stockwork/disseminated mineralization potentially amenable to bulk surface-mining methods;
Defined an exceptionally favourable volcanic-host-rock unit which is the preferred host for the majority of all historic production and virtually all newly discovered mineralization at Pamlico;
Identified additional similar highly favourable volcanic units at depth, materially increasing the size potential of Pamlico;
Defined an extremely deep level of thorough oxidation extending 200 m below the surface.
More drilling started with Sept 11 news release. Should see more high grade results
Newrange Gold Corp. will commence the second phase of drilling at the company's Pamlico gold project by Thursday this week. The drill rig, most support vehicles and equipment are on site.
Principal objectives of this second phase of drilling are:
Drill test and expand recently discovered high-grade gold mineralization in holes P17-08 and P17-10, situated approximately 54 metres from the high-grade Merritt zone;
Drill test newly identified structural targets developed from recent detailed surface mapping and channel sampling between the Merritt zone and holes P17-08 and P17-10;
Drill two deep stratigraphic test holes to assess potential for stacked favourable horizons that could be receptive for additional high-grade mineralization at depth. Additionally, important information about depth of oxidation and depth of water table will likely be obtained from these holes as well;
The company is already preparing for a third phase of RC (reverse circulation) drilling that will target both stepout extensions and entirely new areas of the property based on continuing mapping and sampling programs. Geologic information related to gold mineralization obtained from the upcoming second phase program will be used to guide this third phase as well.
Not much reaction in the stock, I guess it was pretty much as expected, which is good all in all. They will do down hole analysis, probably something the market is not that excited about, but I would say good idea before next drill round
Newrange Gold drills 4.6 m of 43.8 g/t Au at Pamlico
2017-07-05 09:25 ET - News Release
Mr. Robert Carrington reports
NEWRANGE GOLD DRILLS NEAR SURFACE, HIGH-GRADE GOLD, INCLUDING 4.6 METERS OF 43.8 G/T AU AT THE PAMLICO GOLD PROJECT, NEVADA
Newrange Gold Corp.'s phase I drilling has continued to intersect multiple zones of high-grade, oxide gold mineralization, including 244.3 grams gold per metric tonne (g/T Au) over 0.8 meter, within 4.6 meters averaging 43.8 g/T Au, at its Pamlico gold project in Nevada. Importantly, this shallow intercept is within 13 meters of the surface.
These results are part of a fully funded program of Reverse Circulation (RC) and core drilling, trenching, mapping, geochemical sampling, geophysical surveys, and metallurgical work that will extend throughout 2017.
These latest drill results continue to define and expand the presence of high-grade gold mineralization in the vicinity of the Merritt Zone and Merritt Decline (see prior news releases on previous underground channel sampling and drill results by Newrange). Notably, this drilling intersected high-grade, oxide mineralization above the Merritt Zone, expanding the zone's shallow potential. This potential was previously overlooked because historic drilling was not assayed from the surface to a depth of 55 meters.
Hole P17-17 intersected 0.8 meter assaying 244.3 g/T Au from 10.6 to 11.4 meters. This is the Company's second highest grade drill intercept to date, and is included within a broader interval of 4.6 meters averaging 43.8 g/T Au from 8.4 to 13.0 meters. Hole 17 also intersected a second high-grade zone assaying 35.4 g/T Au over 0.8 meter from 22.8 to 23.6 meters.
Hole P17-12 intersected 4.6 meters averaging 14.5 g/T Au, within a broader interval of 13.7 meters averaging 6.0 g/T Au. This intercept is at an approximate vertical depth of 40 meters from the surface (58 meters down-hole), and extends the known limits of high-grade gold mineralization more than 35 meters to the west of previous drilling.
Hole P17-18 intersected 2.3 meters averaging 58.5 g/T Au from 56.4 to 58.7 meters, within 9.9 meters averaging 15.27 g/T Au from 54.1 to 64 meters.
Holes P17-13, 14 and 15 all contain significant intercepts of disseminated, lower grade mineralization, confirming and expanding the extent of "halo" gold mineralization more than 30 meters south of the decline.
NEWRANGE GOLD DRILLS 6.1 METERS OF 98 G/T AU, DISCOVERS NEW ZONE AT PAMLICO GOLD PROJECT, NEVADA
Newrange Gold Corp. has released drilling results for the first 10 holes of the recently completed 19-hole reverse circulation (RC) phase I drilling program focused on the Merritt zone of the Pamlico gold project.
Highlights for these results
Results from the first 10 holes were highly successful, supporting the continuity of gold mineralization in the vicinity of the Merritt decline (see prior news releases on underground channel sampling results by Newrange Gold) and historical high-grade drill intercepts in the Merritt zone by prior operators. Work to date in the Merritt area indicate a mineralized zone approximately 100 metres to 130 metres wide that is presently open ended along strike.
Hole P17-03 drill tested the projection of high-grade gold mineralization east of the decline and south of the Merritt zone, intersecting 1.5 metres of 51 grams gold per tonne.
Holes P17-04 and P17-05 were drilled in a fan to confirm the presence of high-grade gold mineralization and test lateral and updip projections of mineralization reported in historical holes PRC36, M10-04 and M10-17. Hole P17-04 intersected 1.5 metres of near-surface mineralization assaying 9.40 grams per tonne gold. Hole P17-05 intersected 1.6 metres assaying 17.9 grams per tonne gold. Importantly, these holes confirm the presence of high-grade gold-bearing structures and indicate good lateral and vertical continuity of mineralization near the surface in this area.
Holes P17-08, P17-09 and P17-10 are interpreted to have discovered a new zone of near-surface high-grade gold mineralization approximately 50 metres south of the end of the decline. Drilling tested favourable structural projections beneath an area of shallow alluvial cover. Holes P17-08 and P17-09 were drilled from the same site, and P17-10 was drilled approximately 15 metres to the northwest. P17-08 intersected a mineralized zone averaging 13.67 grams per tonne gold over 21.3 metres, including a higher-grade subzone averaging 27.8 grams per tonne gold over 9.1 metres with a high-grade interval averaging 84.9 grams per tonne gold over 1.5 metres. Hole P17-09 is interpreted to have been drilled over the top of, and subparallel to, the structure intersected in P17-08 and returned 9.5 grams per tonne gold over 1.5 metres and 6.82 grams per tonne gold over 1.5 metres. Hole P17-10 intersected 49.49 grams per tonne gold over 12.2 metres with a higher-grade subzone averaging 97.94 grams per tonne gold over 6.1 metres, including an interval of 340.9 grams per tonne gold over 1.5 metres.
Robert G. Carrington, chief executive officer, made the following comments: "These initial results indicate that Pamlico is a unique high-potential opportunity for Newrange Gold. The extremely rich Merritt zone, where we are focusing our initial exploration efforts right now, is one of five similar target areas, covering only one-half of 1 per cent of this property and less than one-10th of 1 per cent of the combined strike extent of the more than 300 known veins and mineralized structures on the property. The knowledge gained in this area will guide future exploration for several similar target areas elsewhere on the property, including the Gold Box, Central and Sunset mine zones. I look forward to the receipt of assays for the remaining nine holes of the phase I drill program and for more information that will come from ongoing exploration work under way at Pamlico. We are truly excited by what we are seeing develop here."
PHASE I DRILL RESULTS -- FIRST 10 HOLES
Hole Total depth From To Length Au
(m) (m) (m) (m) (g/t)
P17-02 122.0 21.3 25.9 4.6 1.91
And 42.7 64.0 21.3 1.27
Including 61.0 64.0 3.0 6.27
P17-03 106.7 62.5 64.0 1.5 51.00
P17-04 106.7 7.6 16.8 9.2 1.89
Including 9.2 10.7 1.5 9.40
P17-05 112.8 21.3 22.8 1.5 17.90
P17-08 106.7 30.5 51.8 21.3 13.67
Including 30.5 39.6 9.1 27.80
Including 35.1 36.6 1.5 84.90
P17-09 122.0 16.8 50.3 33.5 1.10
Including 18.3 19.8 1.5 4.23
Including 39.6 41.1 1.5 9.50
And 65.6 67.1 1.5 6.82
P17-10 61.0 18.3 19.8 1.5 6.44
And 25.9 38.1 12.2 49.49
Including 27.4 33.5 6.1 97.94
Including 27.4 8.9 1.5 340.90
All results reported are length-weighted averages with no
grade capping applied. Lengths of drill intercepts are for
the actual drilled intercept length and may not represent
true widths. Insufficient data currently exist to
estimate true width.
The company plans to aggressively pursue exploration at Pamlico during the coming months.
Planned work will include:
Continuation of the continuing program of surface and underground mapping and sampling currently under way;
Finalizing arrangements to complete a property-wide airborne geophysical survey consisting of high-resolution airborne magnetometry and radiometrics;
Selection of suitable composite sample for preliminary metallurgical study once the company has the results for all 19 holes of the current phase I drilling program;
Finalizing plans for a large-diameter PQ-core diamond drilling program;
Expanding program of RC drilling;
Assessing potential to initiate program of bulk sampling/test mining utilizing the existing decline and infrastructure.