Newrange Gold (NRGOF)(NRG:CA) - Drilling Reveals Potential High-Grade Extension
Newrange Gold (NRGOF)(NRG:CA)
Drilling Reveals Potential High-Grade Extension
As of April 24, 2020, Noble Capital Markets research on Newrange Gold is published under ticker symbols (NRGOF and NRG:CA). The price target is in USD and based on ticker symbol NRGOF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Newrange Gold Corp is an exploration stage company focused on acquiring and exploring exploration and evaluation assets in Colombia and the United States. The Company operates in a single reportable operating segment-the acquisition, exploration, and development of mineral properties. Some of the projects acquired by the company are Pamlico gold project in Nevada and Rocky mountain project in Colorado. The company also holds an interest in the Yarumalito property, El Dovio property and Anori property in Colombia.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Follow-up drilling. Newrange Gold completed four follow-up diamond core holes representing 800.6 meters of drilling around Hole P21-115, a reverse circulation hole that discovered shallow, high-grade oxide gold mineralization 85 meters east of the Merritt Zone. All four core holes, P21-122 to 125, intersected near surface oxide mineralization resembling that seen in Hole P21-115, the Merritt Zone, and stopes on the 5428 level of the Pamlico Mine. The intercept in Hole P21-122 is lower in elevation than the 5428 level, indicating this new zone could be a down-dropped extension of high-grade mineralization in the Pamlico Mine.
Assays results from the four follow-up holes are pending. The four holes appear to have discovered a previously unknown extension of the historic, high-grade Pamlico Mine. Management will have a better interpretation once assay results are received and analyzed and the results will help inform future drilling ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.