Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) (FRA:X6C) revealed that drilling has started again at its flagship Pamlico project in Nevada, USA in a bid to delineate a high-grade zone.
The company said it has hired American Drilling Corp for one, possibly two, core rigs, and the first has already started on a series of follow-ups around a reverse circulation (RC) hole that discovered shallow, high-grade, oxide gold mineralization 85 meters east of the Merritt Zone.
That previously reported hole hit 123.5 meters (m), averaging 1.13 grams per ton (g/t) gold, including several high-grade intervals such as 12.47 g/t of the yellow metal, over 4.5 meters and 13.01 g/t of gold over 1.5 meters.
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"We are excited to resume drilling at Pamlico and look forward to delineating the new high-grade zone," Robert Archer, CEO of Newrange, told investors in a statement. "In particular, the ability to obtain core rather than rock chips (from RC drilling) will help interpret the structures that control the gold mineralization in this area. As these follow-up holes will be relatively shallow, they should be completed fairly quickly and allow us to get the samples into the lab while we move the drill onto the deeper holes testing the various targets defined by the Induced Polarization (IP) surveys."
"We know that there is a relationship between gold and the fine pyrite detected by the IP but some of the stronger anomalies are still untested as they lie beyond the reach of the RC drill we had previously. Consequently, we will be following up on the ’91 Zone’ and testing the deeper part of the ‘Line 5’ anomaly before moving south to test the ‘Skarn Zone’," Archer added.
Newrange also said it had re-hired Geophysica TMC to continue the induced polarization (IP) survey over the recently staked claims at Pamlico.
Based upon previous survey results, the company has more than tripled the size of the property to around 8,900 hectares through staking and will conduct reconnaissance scale IP in order to extend the known anomalies and determine how much of the new ground to keep, it said.
Contact the author at giles@proactiveinvestors.com