Wednesday, September 02, 2020
Newrange Gold (NRGOF)(NRG:CA)
Next Wave of Pamlico Drilling Results Expected Shortly
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.
Additional drilling results expected shortly. To date, the company has drilled 34 holes for a total of 3,462 meters of drilling. Results have been reported for 14 holes representing only 450 meters of strike length along the central portion of Pamlico Ridge between the historic Pamlico and Gold Bar Mines. Results from the first 14 holes, announced on July 30, revealed higher grade structures, up to 9.5 grams of gold per tonne, surrounded by an envelope of lower grade material. We expect the company to release results for the remaining 20 holes shortly.
Drilling program advances. In its entirety, the program will entail over 10,000 meters of drilling and utilize reverse circulation rigs for shallow targets and diamond drilling for targets at greater depth. The remainder of the initial drilling program will continue to test around historic mine workings on Pamlico Ridge and several other targets identified by an induced polarization (IP) survey …
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.