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Basic Materials

Metals & Mining

Newrange Gold Corp.

Skarn Hosted Gold Mineralization Heightens Expectations 
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. Of 42 rock chip samples collected from outcrop in the McGill Canyon area, 16 were identified as skarn altered carbonate sediments, 11 of which contained gold mineralization grading from 0.106 grams of gold per tonne to 1.969 grams of gold per tonne. The results encompassed an area roughly 1.5 kilometers long by 750 meters wide. Management thought the area had the potential to host skarn type mineralization and the completion of the recent expanded IP survey showing a strong chargeability anomaly underscores the potential. The identification of a mineralized and altered porphyry dike, which yielded a sample grading 2.994 grams of gold per tonne, also indicates that it might be associated with a porphyry. The IP anomaly along with surface sampling and geochemical results support management&#8217;s interpretation that mineralization in this portion of the Pamlico project is intrusive related and possibly a porphyry related gold-copper mineralized skarn system. While the black boundary line is out of date in light of new claims staked, the McGill Canyon area occurs just to the left of the Skarn Zone.
Pamlico Project Target Areas, Nevada
<img decoding="async" src="https://www.noblelinx.com/x/research/images/reports/SKARN.JPG" style="width: 600px;height: 551px;float: none" />
 Source: Newrange Gold Corp.
The company has already permitted scout drill sites in the McGill Canyon area and will complete initial drilling there within the current budgeted drill program.

Newrange Gold Corp. (NRGOF)

Exploration Underscores Potential for District-Scale Gold-Copper Skarn and Porphyry-Related Systems

Fundamental Analysis:

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