Newrange has signed a non-binding term sheet for an RTO with ASX-listed Mithril Resources to create a new Americas-focused precious metals exploration & development company.Ā The flagship project will be the high-grade gold-silver Copalquin Project in the Sierra Madre of Mexico.Ā The Company will also continue to focusĀ on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario. Ā The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential.Ā Both projects lie within 10-12 kilometres of the Springpole Gold Deposit currently under development by First Mining Gold.
