Movers and SHAKERS
Newrange Gold (NRGOF)(NRG:CA)
Will Drilling at Good Hope Represent an Inflection Point?
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.
Preparing to drill at Good Hope. Newrange Gold has received all necessary permits and started road and site construction to begin drilling at the Good Hope mine. Recall that Newrange Gold’s underground mapping and channel sampling program at Good Hope identified a large zone of contiguous oxide gold mineralization near surface. Drilling is expected to start on or before November 1 with at least 7 drill holes planned.
Reason for optimism. Underground mapping and sampling on and between several levels of the Good Hope mine revealed high-grade gold mineralization and displayed positive signs of continuity. Based on the results, we think the Good Hope mine offers a strong probability of positive outcomes from the drilling program ...
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.