Newrange Gold Corp released an update to the ongoing exploration at its Pamlico project in Nevada where recent diamond drilling, mapping and sampling programs are outlining a large-scale, multi-phase, polymetallic mineralizing system.
The precious metals exploration company’s flagship Pamlico project is poised to become a significant new Nevada discovery.
“The recognition of metal zonation at Pamlico is a significant step forward in the exploration of the project,” Robert Archer, Newrange’s CEO, said in the statement.
READ: Newrange Gold says it is encouraged by recent results from its Pamlico gold project in Nevada as it waits to start drilling again in Ontario
“The structural complexity of the gold mineralization has made it challenging to trace out mineralized zones and this gives us a new tool to improve the odds of success,” Archer added. “Ongoing mapping, rock and soil sampling, in conjunction with the expanded IP survey, are demonstrating strong intrusive activity in the southern part of the newly enlarged property, with widespread copper, zinc, silver and gold mineralization that was previously unrecognized.”
The CEO went on to note that it now appears that the company is dealing with more than one phase of mineralizing activity spread over more than 25 square kilometers.
Between May and August, the precious metals company conducted a six-hole, 1,123-meter diamond drilling program but terminated the activity, “prematurely due to poor productivity, low core recoveries, and cost overruns.”
As previously reported in a July statement, four core holes, P21-122 to 125, inclusive, were drilled around reverse circulation (RC) hole P21-115, just east of the Merritt Zone and north of the historic Pamlico Mine.
All core holes were drilled at -60° on an azimuth of 070°, the same as hole P21-115, and collared within 25-30 meters of that hole.
“Significantly, all four holes displayed concentric metal zonation starting with a broad halo of zinc, followed by internal halos of lead, copper, arsenic and silver, usually in that order, with higher gold values in discrete structures near the center,’ the company said.
The first core hole, P21-122, intersected a zone of brecciated quartz with secondary copper minerals, including abundant chrysocolla and lesser amounts of azurite and malachite that assayed 2.54 grams per tonne gold (g/t Au), 1,291 g/t silver (Ag), 1.1% copper (Cu) and 1.52% lead (Pb) over 1.52 meters.
While a similar vein on the 5428 level of the historic Pamlico Mine assayed 5.62 g/t Au, 63.2 g/t Ag and 0.98% Cu over 0.48 meters.
Additional highlights include:
- Hole 122, with 35.1 g/t over 17.22 meters. This zone also included anomalous gold (0.22 g/t over 3.96 meters), copper, lead and zinc. Just beyond this, at a downhole depth of 123.14-123.44 meters, a zone of fractured rhyolite returned 10.2 g/t Au over 0.3 meters within a broader zone of 0.58 g/t Au over 12.34 meters.
- Core hole P21-123, drilled ‘behind’ P21-115, intersected a broad zone of anomalous zinc and lead with more discrete gold intercepts 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 displayed a moderate zinc and lead content but no significant gold values, while hole P21-125 returned 3.66 g/t Au over 0.61 meters within a broader 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 over skarn altered limestone and calcareous shale that is coincident with favorable magnetic and IP geophysical anomalies on the Skarn Zone in the McGill Canyon Area.
- Hole MGC21-127, drilled to test a near-surface IP anomaly, intersected 22.86 meters of hornfels skarn within a sedimentary package with anomalous copper, before passing into a pyritic mudstone. Although the latter would have contributed to the IP anomaly in this area, the skarn alteration is indicative of intrusive activity at depth. The zone displayed weakly anomalous copper but no other significant values.
Newrange Gold is also conducting property-wide mapping and rock sampling. A 750-sample soil grid was completed over the Skarn Zone and a second 2 by 2 kilometer soil grid is being initiated over the large IP anomaly in the southern part of the property.
“In the Skarn Zone, 46 grab samples showed widespread polymetallic mineralization, with seven samples assaying greater than 0.5 g/t Au (three of these more than 1.0 g/t Au), three greater than 100 g/t Ag, four more than 1% Cu, one more than 1% Pb and four greater than 1% Zn,” the press release explained.
Contact the writer at georgia@proactiveinvestors.com
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