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Newrange Arranges Winter Exploration Program for North Birch Project in Red Lake District and Hires NAI Interactive for Marketing

by MikeyMike426
December 17, 2020
in News Room, NRG, NRG News
0
Newrange Arranges Winter Exploration Program for North Birch Project in Red Lake District and Hires NAI Interactive for Marketing

VANCOUVER, BRITISH COLUMBIA – December 16, 2020 – (TSXV:NRG), (OTC:NRGOF), (Frankfurt:X6C) – Newrange Gold Corp. (“Newrange” or the “Company“) is pleased to announce that it is finalizing plans for a winter exploration program to begin in January on its North Birch Project east of Red Lake, Ontario. The Company is planning on conducting approximately 90 line kilometres of Induced Polarization (IP) geophysics and the results will be used to generate targets for follow up diamond drilling.  

The primary target at North Birch is the sheared limb of a folded iron formation sequence, modeled after the Musselwhite Gold Mine, approximately 190 kilometres to the north and operated by Newmont-Goldcorp.  The 8 kilometre long target horizon at North Birch is recessive and not exposed at surface but is interpreted from a prominent fold pattern in the airborne magnetics (see map below).  The target horizon projects 2 kilometres along strike into the Argosy Gold Mine, which closed in 1952 after producing 101,875 oz Au at 12.7 g/t Au (Ontario government archives).  There are also multiple gold showings in the rocks to the south of the main target horizon and in iron formation elsewhere on the North Birch property, yet the main target horizon has never been drilled.

“We are looking forward to initiating exploration at North Birch,” stated Robert Archer, Newrange’s CEO.  “As we didn’t receive our permits until September due to COVID-related delays, we missed the summer field season but, during that time, we merged and reprocessed the three airborne magnetic surveys that have been flown over the property in past years.  This has clearly delineated the main target horizon and the IP will be used to detect areas of sulphide enrichment that may be related to gold mineralization.”

It is anticipated that field crews will mobilize to the property in early January, although the exact timing will be weather dependent.  Once the IP has been completed and interpreted (approximately 4-6 weeks), an application for a drill permit will be filed as soon as possible.

In other news, Newrange has signed a one-year agreement with NAI Interactive Ltd. (“NAI”) of Vancouver, BC to provide marketing services to the growing Chinese investment community.  Total payable under the terms of the contract is $60,000 and NAI will be granted 150,000 stock options in Newrange at a price of $0.14.  The stock options will vest as to 25% every three months with a term of two years from the date of grant.

NAI has been bridging the gap between the mining industry and Chinese investors for more than 20 years and is a leading market intelligence and investor relations service provider for fast growing public companies trading on the North American stock exchanges.

Qualified Person

The technical content disclosed in this press release was reviewed and approved by David Hladky, P.Geo., Senior Geologist for Newrange and a Qualified Person as defined under National Instrument 43-101.

About Newrange Gold Corp.

Newrange is a precious metals exploration and development company focused on near to intermediate term production opportunities in favorable jurisdictions including Nevada, Ontario and Colorado. With numerous drill intercepts of near surface oxide gold mineralization to 340 grams gold per metric tonne, the Company’s flagship Pamlico Project is poised to become a significant new Nevada discovery. Focused on developing shareholder value through exploration and development of key projects, the Company is committed to building sustainable value for all stakeholders.  Further information can be found on our website at www.newrangegold.com.

Signed: “Robert Archer”

CEO & Director

For further information contact:

Sharon Fleming                                        Dave Cross

Corporate Communications    Chief Financial Officer and Corporate Secretary

Phone: 760-898-9129                                 Phone: 604-669-0868
Email:        info@newrangegold.com                        Email:        dcross@crossdavis.com

Website: www.newrangegold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement:

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Newrange Gold Corp. Actual results may differ materially from those currently anticipated in such statements.

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MikeyMike426

MikeyMike426

I am a 3rd generation miner who was born and raised in the silver capital of Canada, Cobalt, Ontario. For the last 10 years I have been invested in the mining sector and as a retail investor found it difficult gathering information on companies of interest. For this reason we created Insidexploration.com as a means to share our due diligence with investors all around the world. Disclosure The thoughts and opinions expressed in my articles and research reports are my own and do not represent those of the companies I write about. I often buy and sell the stocks I write about and may do so at any point in time without warning. Disclaimer My articles and research reports should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided is derived from sources believed to be accurate, but cannot be guaranteed. I do not take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. I am not a registered financial advisors and one should always do your own due diligence and consult a licensed investment adviser prior to making any investment decisions. Always reference www.SEDAR.com for important risk disclosures.

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Canada Nickel Consolidates and Expands Nickel Land Package and Acquires Sixth Nickel Target From Noble Mineral Exploration

Keep up the great work @MarkSelby74 @CanadaNickel @NobleMineral $CNC.V $NOB $SHL #Nickel #NetZeroCarbon #Timmins

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Canada Nickel Consolidates and Expands Nickel Land Package and Acquires Sixth Nickel Target From Noble Mineral Exploration

TORONTO, April 22, 2021 - Canada Nickel Company Inc. ("Canada Nickel" or "the Company") (TSXV: CNC) (OTCQB: CNIKF) is pleased to

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@WGeotek @DraganflyInc $WIN $WINKF $DFLY #AI #MachineLearning #Landminedetection
#Savinglives #NATO

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insidexplr avatarInsidexploration@insidexplr·
21 Apr 1384886716394352646

Check out this beautiful mineralization at the top of the historic shaft on the Rickard Gold Property.

@ArcPacific_ACP $ACP is currently drilling on claim 18405, which encompasses the shaft and hasn't been touched in almost 70 years.

Very Exciting Project!

Image for the Tweet beginning: Check out this beautiful mineralization
Image for the Tweet beginning: Check out this beautiful mineralization
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insidexplr avatarInsidexploration@insidexplr·
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Windfall Geotek Announces Strategic Projects Advisory Board with Colonel Stephen Appleton as the Chairman

@WGeotek $WIN $WINKF $DFLY #Military #Nato #Landminedetection #savinglives #DisruptiveTech #Machinelearning #AI #Exploration #mining

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Windfall Geotek Announces Strategic Projects Advisory Board with Colonel Stephen Appleton as the Chairman

Highlights: Highly Decorated Military officer Col Appleton agrees to lead Strategic Advisory Board for commercialization ...

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insidexplr avatarInsidexploration@insidexplr·
20 Apr 1384617505071718401

Looks Like our friends at @StGeorgesPlat have been busy staking some ground around the Manicouagan Palladium Project!

Looking forward to some exploration updates :) $SX $SXOOF @maikan5 @despac2 @Steeltown12345

Want to know more? follow the link
https://insidexploration.com/st-georges-eco-mining-the-manicouagan-palladium-project/

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insidexplr avatarInsidexploration@insidexplr·
20 Apr 1384486679659044868

Better start paying attention to this project!

@ArcPacific_ACP $ACP is currently drilling around The Past Producing High Grade Rickard Gold Mine just North of Timmins, Ontario.

Early drilling looks very encouraging!

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@ArcPacific_ACP $ACP is currently drilling around The Past Producing High Grade Rickard Gold Mine just North of Timmins, Ontario. 

Early drilling looks very encouraging!
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While on site at the @ArcPacific_ACP $ACP Rickard Gold Project, we went to check out the old shaft and it did not disappoint! Look at that mineralization!

#Timmins #Abitibigreenstone #Gold

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