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Pamlico Project Overview


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Pamlico Project
Underground Channel Sampling
  • First time ever sampling of Merritt decline - February 2017
  • 32 meters, continuous interval (saw cut) sampled providing drill quality results (table below)
  • 2 new high-grade zones discovered
  • Mineralization remains open to expansion
  • High-grade + disseminated mineralization opens up potential for bulk and/or open pit mining
Decline Saw Cut Channel Sample Results

  From
(m)
To
(m)
Length
(m)
Average
oz/t gold g/T gold
  0 32.0 32.0 0.205 7.02
Zone 1 9.1 22.9 13.8 0.503 17.25
Incl. 9.1 13.7 4.6 0.772 26.46
Incl. 12.2 13.7 1.5 1.735 59.50
Incl. 19.8 21.3 1.5 1.076 36.90
Zone 2 27.4 32.0 4.6 0.316 10.84
Incl. 30.5 32.0 1.5 0.843 28.90

Note: Average grades reported are length-weighted average of all assays within the reported interval. No grade capping has been applied. Reported lengths are sampled lengths. Based on available structural information, true widths are estimated to be 90% or greater of these sample intervals.

Pamlico Project
Select Drill Results from Previous Owners/Operators

Drill Hole From
(feet)
To
(feet)
Intercept Length Average Gold Grade
(feet) (meters) opt
(ounces / short ton)
g/T
(grams / metric tonne)
M10-04 190.0 212.5 22.5 6.9 1.13 38.57
INCLUDING 190.0 197.5 7.5 2.3 2.23 76.49
M10-05 202.5 210.0 7.5 2.3 4.84 165.84
INCLUDING 205.0 210.0 5.0 1.5 7.13 244.53
M10-06 185.0 195.0 10.0 3.0 0.62 21.33
M10-13 195.0 202.5 7.5 2.3 0.36 12.41
M10-15 185.0 195.0 10.0 3.0 0.31 10.46
M10-17 177.5 195.0 17.5 5.3 1.08 36.93
M10-18 160.0 185.0 25.0 7.6 0.64 21.81
M10-24 192.5 205.0 12.5 3.8 0.26 8.98
INCLUDING 200.0 205.0 5.0 1.5 0.49 16.77
M10-25 200.0 202.5 2.5 0.8 0.52 17.90
M10-27 187.5 192.5 5.0 1.5 0.36 12.21
PAM02-01 60.5 63.5 3.0 0.9 1.41 48.34
PAM02-03 180.5 181.5 1.0 0.3 0.98 33.46
PAM99-01 55.0 60.0 5.0 1.5 0.69 23.66
  130.0 140.0 10.0 3.0 0.32 10.83
  220.0 245.0 25.0 7.6 1.09 37.37
PAM99-03 205.0 220.0 15.0 4.6 6.99 239.66
INCLUDING 207.5 210.0 2.5 0.8 20.49 702.52
PRC-28 85.0 90.0 5.0 1.5 0.43 14.64
  145.0 155.0 10.0 3.0 0.24 8.23
PRC-36 180.0 200.0 20.0 6.1 0.44 15.09
INCLUDING 180.0 184.0 4.0 1.2 1.24 42.51
PRC-38 155.0 160.0 5.0 1.5 0.29 10.01
Note: Intercepts are average of all samples in drilled intercept length with no grade capping applied. All intercepts are drilled length and do not imply true width.

Pamlico Maps
Palmico Mining District Map
Pamlico Mining District Map
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Decline Plan View
Decline Plan View
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Simplified Geology
Simplified Geology
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Conceptual Section A-A
Conceptual Section A-A
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Opportunity Summary

Newrange Gold Corp. acquired the exclusive option to purchase an undivided 100% interest in the Pamlico gold project in Mineral County, Nevada in July 2016. The Pamlico property provides an exceptional opportunity to explore and develop an exceptionally high-grade gold system in a major gold belt in pro-mining Nevada.

Project Overview

Location Mineral County, Nevada
Access 12 Miles from Hawthorne
136 Miles from Reno
270 Miles from Las Vegas
Land Package 1,237 Hectares
Commodity Gold
Deposit Type Volcanic Hosted - Vein
Mineralization Oxidized - Free Gold
Permitting Test Mining Permitted


Highlights

Past Producer
  • Past producing underground gold mines:
    • Shipped ore assaying 7,900 g/T gold (Au) in 1886.
  • Covers multiple historic mines:
    • Pamlico Mines, Central Mine, Sunset Mine, Good Hope, Gold Bar and multiple unnamed mines.
  • Significant exploration potential:
    • Pamlico, Merritt, Gold Box, Pipes, Central Mine, East-West and East zones.
  • Newly staked claims introduce potential for sediment hosted gold (Carlin type) mineralization.
High-Grade Opportunity
  • High-grade near surface opportunities in Nevada are scarce.
  • Modern (2013) mining infrastructure in place.
  • 600 feet long ramp into Merritt Zone.
  • 6 major exploration zones dominated by "vein swarms".
  • 100 individual mineralized veins.
  • Significant exploration potential in near surface and to depth.
  • Tightly held in private party hands for last 100 years.
  • Limited modern exploration.
  • Significant exploration potential.
  • Mineralized drill intercepts from 0.8 meter at 702.5 g/T Au to 6.9 meters at 38.57 g/T Au.
  • Underground saw cut channel sampling (February 2017) yields discovery of multiple new high-grade gold zones.
Overview

Location and Geological Environment
  • 12 miles east of Hawthorne, Nevada.
  • Located within Walker Lane along Pancake Range structural zone that hosts some of Nevada's largest gold deposits.
  • High-grade, narrow veins.
  • 100 individual mineralized veins in 6 vein swarms.
  • Only one zone explored to date.
  • High-grade drill intercepts from 0.8 meter at 702.5 g/T Au to 6.9 meters at 38.57 g/T Au.
  • Multiple holes bottomed in mineralized rock.
  • Exceptional exploration potential to project high-grade near surface structures into unexplored favorable host rocks at depth.
  • Vein swarms project to intersections both in near surface and at depth increasing potential for large high-grade discovery.
  • Mineralization amenable to recovery by gravity and / or flotation.
View Looking Up New Decline Toward Portal
View Looking Up New Decline Toward Portal
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Disc Rock
Discovery Rock
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Disc Rock Panned Conc
Disc Rock Panned Concentrate
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LHD Portal
LHD Portal
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Pamlico
Pamlico
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Pamlico
Pamlico
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