Tuesday, October 20, 2020
Newrange Gold (NRGOF)(NRG:CA)
Drilling Commences at Gold Box Canyon
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.
Second phase of drilling. Following a first phase of drilling that included 34 holes for a total of 3,462 meters of drilling along Pamlico Ridge, Newrange hired a new contractor, and drilling resumed on September 19. An additional 35 holes are expected to be drilled during the second phase, including diamond drilling later in the program to test targets at depth. In its entirety, the drilling program will entail over 10,000 meters of drilling. Road construction will begin shortly to drill test the upper Good Hope Mine where underground channel sampling identified consistent high-grade results.
Gold Box Canyon is highly prospective. Newrange Gold has commenced drilling in the Gold Box Canyon area of the Pamlico Project in Nevada. Preliminary underground mapping and sampling identified mineralized structures in multiple historic mine workings. Additionally, 67 chip-channel samples ranging from 0.4 to 2.4 meters all contained anomalous gold ranging from 0.048 to 16.9 grams of gold …
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.
