Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) (FRA:X6C) has announced the completion of an induced polarization (IP) survey at the company’s North Birch Project, in the Red Lake Mining Division of Ontario, which successfully outlined “a number of high priority targets” for the company’s upcoming summer drill program.
Exploration at North Birch is modeled after the Musselwhite Mine in northwestern Ontario, owned and operated by Newmont-Goldcorp, where gold is hosted in a folded and sheared iron formation.
Newrange Gold said a total of 73.7-line kilometers of Gradient Array IP was completed, primarily over the eastern part of the project and covering seven kilometers of strike length along the main target horizon.
“The survey was successful in outlining a number of high priority targets for the upcoming summer drill program,” noted the company.
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“We are very pleased with the outcome of the IP survey as we have several well-defined anomalies that coincide with the target horizon along the limb of the sheared and folded iron formation,” Newrange CEO Robert Archer said in a statement. “We intend to complete follow-up mapping and sampling in these areas to further assist in determining detailed drill hole locations.”
High chargeability readings from the IP survey are interpreted to reflect sulphide replacement along the IF horizon. In IF Hosted Gold Deposits, gold mineralization is typically associated with sulphides. In the North Birch survey, not only do some of the chargeability anomalies follow the sheared limb of the IF, but the complexity of anomalies in the SE part of the property may reflect a mineralized fold nose, said the company.
Newrange Gold said it is preparing to “establish a camp in late May to be manned by a geological field crew for the summer.”
Mapping and sampling will be conducted across most of the 3,850-hectare property while diamond drilling is anticipated to commence in late June-early July and will consist of approximately 2,500 meters, it added.
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