Movers and SHAKERS
Friday, July 31, 2020
Newrange Gold (NRGOF)(NRG:CA)
No Good Deed Goes Unpunished
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.
Drilling program is off to a good start. Newrange Gold released initial results from its reverse circulation drilling program underway at the Pamlico Gold Project in Nevada. To date, 25 holes have been drilled representing 2,505 meters with results available for 14 holes representing only 450 meters of strike length along the central portion of Pamlico Ridge between the historic Pamlico and Gold Bar mines. The assay results included some high grade but greater numbers of lower grade gold intercepts with a consistent level of positive readings for both gold and silver.
Not far off from our expectations. The initial assay results were not out of line with our expectations and will help define the continuity of mineral zones and higher-grade areas. While most of the gold was oxide within 100 meters of the surface, drilling at several ...
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.