Newrange Gold's (TSX-V: NRG)
2017 exploration efforts will focus on the Company's high-grade Pamlico gold project in Nevada's Walker Lane with detailed target definition leading to drilling in H1 2017. In Colombia, the Company will renew its environmental permits at the high-grade gold-copper-silver-zinc, El Dovio project with planned drilling in H2 2017 and assess completing a 43-101 compliant resource estimate at its large Yarumalito gold porphyry project.
At the Company's Pamlico project, crews will be on site in early February to initiate detailed diamond saw cut channel sampling and mapping of the Merritt decline which crossed at least two zones bearing visible gold and an extensive pseudo stockwork of veining that has never been properly sampled. Recent chip samples by Company geologists within these structures have returned values ranging from 59.7 to 82.3 grams of gold per metric tonne (g/T Au).
Simultaneously, survey control will be established for significant surface features, historic drill holes, underground mine workings, key outcrops and other pertinent features. Once proper survey control is established, detailed surface and underground geologic mapping will be undertaken, to specifically identify drill targets. Initially this work will focus on high-grade, multi-ounce (gold per tonne) mineralization in the Merritt Zone and on Pamlico Ridge where work is expected to progress rapidly toward definition of drill targets including the projected zones of intersection of the multiple veins of Pamlico Ridge and the Merritt Zone along strike and at depth, progressing to other zones including the Gold Box, Central Mine, BO vein, and East zones. Drilling at Pamlico is planned to start mid H1 2017 or sooner.
The Company will extend and renew its current environmental permits at El Dovio. Upon renewal of the permits, the Company will construct suitable underground drill stations from which to conduct underground diamond drilling to better explore projections of high-grade mineralization in the Sabana Blanca zone (see prior results: July 15, 2013 News Release
and August 20, 2013 News Release
). Work on underground drill stations is scheduled to start in late H1 with drilling expected to start early in H2 2017.
In the Brazo 1 zone, scout drilling in 2014 intersected extensive zones of exhalative style bedded sulfide mineralization in an area of very sparse outcrop. MMI geochemistry indicates multiple, large open-ended gold and copper anomalies. The Company plans to simultaneously expand existing MMI geochemical coverage and detailed geological mapping to define drill targets in this area of the property.
At Yarumalito where the Company has completed more than 18,000 meters of diamond drilling (see prior results: October 13, 2010 News Release
) and extensive favorable metallurgical work on the large Escuela gold porphyry, the Company plans to assess the viability of completing a 43-101 compliant resource estimate based upon the improved outlook for gold prices.