Tuesday, February 09, 2021
Newrange Gold (NRGOF)(NRG:CA)
Making Significant Progress on Two Fronts
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.
Geophysical survey of the North Birch project. An induced polarization (IP) survey, which is expected to commence within 10 to 14 days, will help detect areas of sulphide enrichment and generate targets for diamond drilling at the company’s North Birch project in Ontario, Canada. The primary target is part of a folded iron formation. The 8-kilometer target horizon, which has never been drilled, extends 2 kilometers along strike into the high-grade Argosy Gold Mine which closed in 1952. There are multiple showings in the rocks to the south of the main target horizon. Management expects drilling could begin as early as April following identification of drill targets based on the survey results and receipt of drilling permits.
H Lake option exercised. Newrange recently exercised its option to acquire a 100% interest in the H Lake Property, which forms the western portion of North Birch. The H Lake property encompasses 1,550 hectares, or 3,830 acres, and covers a portion of the same folded iron formation as the Western Fold property. Together, the two properties encompass 3,850 hectares, or 9,514 acres, and cover the …
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.