Newrange Gold Corp. (TSX-V:NRG, OTCQB:NRGOF) announced that diamond drilling has begun on its 100% owned North Birch project in the Birch-Uchi greenstone belt northeast of Red Lake, Ontario.
The company said about 2,000 metres of drilling is planned, with the first five holes testing a three-kilometre strike length of the main target horizon, interpreted to be a sheared limb of a folded iron formation.
“We are excited to start the inaugural drill program on the main iron formation target at North Birch,” Newrange Gold CEO Robert Archer said in a statement.
READ: Newrange Gold discovers high-grade gold samples at its Pamlico project in Nevada
“This target has never been drill-tested but, with gold elsewhere on the property and at the nearby Argosy Gold Mine and Springpole Deposit, it checks all the boxes for a potential discovery,” Archer added.
Newrange noted the 3,850-hectare (ha) North Birch project encompasses a folded and sheared iron formation that is structurally similar to Newmont’s Musselwhite Mine 185 kilometres to the northeast, with past production and reserves exceeding seven million ounces.
Newrange Gold is focused on district-scale exploration for precious metals in favorable jurisdictions including Nevada and Ontario. The company’s Pamlico project in Nevada contains a large-scale multi-phase polymetallic mineralizing system with multiple gold and copper targets spread over more than 5,700ha.
In the prolific Red Lake District of northwestern Ontario, the past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch project offers additional blue-sky potential. Focused on developing shareholder value through exploration and development of key projects, the company is committed to building sustainable value for all stakeholders.
Contact Sean at sean@proactiveinvestors.com