Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) (FRA:X6C) said it has identified widespread gold mineralization and local concentrations of copper, lead and zinc associated with a skarn alteration, at the McGill Canyon area of the Pamlico project in Nevada.
According to the gold explorer, the skarn-hosted mineralization is coincident with a much larger induced polarization chargeability anomaly interpreted to be at least 5.5 kilometers long and, in the area sampled, more than 1.5 kilometers wide.
An area of particular interest is the occurrence of an altered porphyry dike with weak to moderate potassic alteration, evidenced by abundant secondary biotite, grading 2.994 grams per ton gold (g/t Au) and 0.115% copper (Cu).
READ: Newrange Gold starts drilling again at Pamlico project in Nevada, USA
“These results from reconnaissance sampling are extremely encouraging,” Robert Archer, CEO of Newrange said in a statement. “We had previously identified this area as having potential to host skarn type mineralization and the completion of the recent, expanded IP survey showing a strong chargeability anomaly here underscores this potential.”
He continued: “The identification of a mineralized and altered porphyry dike is also the first direct indication we have seen of a possible porphyry relationship. With Kennecott drilling a porphyry target just 30 kilometers east of us and the Yerington Mine approximately 90 kilometers to the northwest, we are certainly in the right geological environment.”
Newrange's flagship Pamlico project covers the historic Pamlico group of mines, as well as the nearby Good Hope, Gold Bar and Sunset mines. Discovered in 1884, the district rapidly gained a reputation as being one of Nevada’s highest-grade gold districts.
In March this year, the company revealed preliminary results from the ongoing induced polarization survey that prompted the precious metals explorer to expand the property through 419 additional lode claims covering more than 3,200 hectares. The new property size now totals more than 5,700 hectares.
Newrange said it will now conduct initial drilling at a number of already permitted “scout” drill sites in the McGill Canyon area.
Aside from the Pamlico project in Nevada, Newrange Gold is also exploring in other favorable jurisdictions including Ontario and Colorado.
Contact the writer at georgia@proactiveinvestors.com
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