Movers and SHAKERS
Newrange Gold (NRGOF)(NRG:CA)
Exploration Underscores Potential for District-Scale Gold-Copper Skarn and Porphyry-Related Systems
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 underway in Nevada. In May, Newrange resumed drilling at its Pamlico project in Nevada. Four holes are being drilled around Hole P21-115, a reverse circulation hole that discovered shallow, high-grade oxide gold mineralization 85 meters east of the Merritt Zone. Once these are completed with one left to go, the drill will move to test deeper targets that were revealed in induced polarization (IP) geophysical surveys.
Expanding skarn-hosted gold mineralization potential. Surface rock sampling and mapping in the McGill Canyon area of the Pamlico Project identified widespread gold mineralization and local concentrations of copper, lead, and zinc. The skarn hosted mineralization is coincident with a large IP chargeability anomaly interpreted to be at least 5.5 kilometers long. The company has already permitted ...
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.