Monday, November 16, 2020

Newrange Gold (NRGOF)(NRG:CA)

Drilling Pauses to Allow for Receipt and Analysis of Assay Results

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.

Significant progress to date. Since beginning the drilling program in late May, Newrange has drilled 65 holes for a total of 6,538 meters. Assay results for the last 26 holes are pending. Following a first phase of drilling that included 3,462 meters of drilling along Pamlico Ridge, drilling resumed on September 19 and the company drilled seven holes at Gold Box Canyon, seven holes in the Merritt area, eight drill holes at the Good Hope Mine, six holes at the Gold Bar and Pamlico Mines, and two drill holes on anomalies identified in an induced polarization (IP) survey. The company decided to take a break from drilling until the remaining assays results can be interpreted and a follow-up drilling program planned.

More drilling planned.  Newrange expects to drill at least another 3,000 meters in approximately 20 holes that range in depth from 75 to 465 meters to follow up on recent drilling with multiple holes planned to test a large chargeability anomaly near the center of the property. Drilling is expected to resume on or about December 5 ...

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.