Movers and SHAKERS
Thursday, May 28, 2020
Newrange Gold (NRGOF)(NRG:CA)
Drilling Commences at the Pamlico Project in Nevada
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 begins at Pamlico. Newrange Gold has commenced drilling at its Pamlico project in Nevada. The initial portion of the program involves drilling 30 to 35 holes for a total of 3,000 to 3,500 meters, primarily along Pamlico Ridge. Reverse circulation (RC) drilling will be 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.
Agreement for sale of remaining non-core Colombian assets. As expected, Newrange Gold announced a definitive agreement for the sale of the company’s remaining non-core Colombian assets to Andean Mining Corporation, a private Australian company. As part of the agreement, Newrange Gold will receive...
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.