Monday, December 27, 2021
Newrange Gold Corp. (NRGOF)(NRG:CA)
Option Exercised on Western Fold Property at North Birch
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.
Acquisition of Western Fold property. With payments amounting to C$200 thousand in cash and the issuance of 1 million shares, Newrange Gold earned a 100% interest in the Western Fold property which forms the eastern portion of its North Birch project. Recall that in early 2021, Newrange acquired the H Lake property, which forms the western portion of North Birch. Together, the two properties encompass 3,850 hectares, or 9,514 acres, and cover an entire iron formation and are considered to be highly prospective for both iron formation hosted and high-grade quartz vein hosted gold mineralization.
IP survey informs drilling plans at North Birch. In April 2021, Newrange completed an induced polarization (IP) survey over the eastern portion of the North Birch project area covering 7 kilometers of strike length along the main target horizon. The survey revealed several well-defined chargeability anomalies which will be targeted for drilling that coincide with the target horizon along the limb …
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.