Movers and SHAKERS
Monday, February 24, 2020
Newrange Gold Corp (NRG:CA)
Additional Ground Is Staked at Pamlico Based on IP Survey Results
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.
IP Survey generates new drilling targets. Newrange Gold announced that its recently completed and interpreted Induced Polarization and Resistivity (IP) survey at the company’s Pamlico project generated several targets for its planned drilling program which is expected to commence in the first quarter of 2020.
Expanding the property to accommodate future exploration. Based on the trend and extent of anomalies revealed in the survey, Newrange acquired 105 additional claims and added 878 hectares of contiguous property bringing the Pamlico project total to 2,548 hectares. An anomaly is any variation from the norm which may indicate the presence of...
This 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.