Tuesday, December 21, 2021

Newrange Gold Corp. (NRGOF)(NRG:CA)
More to Pamlico's Story than Investors May Realize

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.

The opportunity set at Pamlico has grown. Based on work completed in 2020 and 2021, the company's geological model incorporates areas beyond the initial gold district that was mined in the past and suggests a larger district containing a gold-copper system with oxide gold near surface, lower-grade bulk tonnage gold mineralization, skarn and porphyry copper-gold targets. Management has identified several target areas for drilling in 2022 within what is believed to be a large-scale polymetallic mineralizing system with significant resource potential.

Evaluating 2022 Pamlico drilling targets.  Based on an updated geological model and information from geophysical surveys, management is focusing efforts on finding the source of gold mineralization. While property-wide mapping and rock sampling continues, key target areas are being evaluated and prioritized for drilling in 2022. Some of these targets are discussed in this report ...

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.