Monday, July 6, 2020

Newrange Gold (NRGOF)(NRG:CA)

Initial Pamlico Drilling Results Expected Shortly

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 advances at Pamlico. In May, Newrange commenced drilling at its Pamlico project in Nevada. The initial portion of the program entails drilling 30 to 35 holes for a total of 3,000 to 3,500 meters, primarily along Pamlico Ridge. Reverse circulation (RC) drilling is being used to test the continuity of near-surface gold around and between historic workings of the Pamlico, Gold Bar and Good Hope mines. Once additional sites are permitted and roadwork is completed, drilling will continue with a combination of RC and diamond drilling at identified targets. The program is expected to result in up to 10,000 meters of drilling over the next several months.

Initial Pamlico assay results expected shortly. To date, the company has drilled 15 holes, representing approximately 1,600 meters of drilling. Samples have been submitted to the laboratory and management expects to begin receiving assay results shortly. Once received, management will ...

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.