Gold project located in a past producing high-grade gold district
Newrange Gold acquired the high-grade Pamlico gold project in Nevada in 2016. The project is unique in that it is district-scale and nearly unexplored. It also has multi-million ounce potential in the legendary Walker Lane trend of Nevada. Further, the company is led by a team of successful company builders and mine finders. With over 100 years of combined Nevada exploration experience they have been involved in the discovery of 60+M oz gold and 200+ M ozs silver. The Pamlico Project will see significant exploration throughout 2020.
“Great jurisdiction, great infrastructure, Pamlico project has all of that. And yet it’s had very little modern day exploration.” says CEO and Director, Bob Archer.
The Pamlico Project
The Pamlico Project is a high-grade epithermal gold system hosted in Jurassic to Tertiary age volcanic and sedimentary rocks. Moreover, Pamlico is located in pro-mining Mineral County, Nevada. It sits in the western Great Basin within the NW trending Walker Lane structural zone along the intersecting EW trending Pancake Range Lineament. Additionally, a modern 600 foot decline was recently completed to develop a high-grade, drill delineated gold mineralization zone for test mining and recovery of gold. Two previously unidentified, coarse gold bearing structures were discovered in the decline and remain to be defined and explored.
The project covers the historic Pamlico Mines on Pamlico Ridge, together with the Central, Sunset, Good Hope, Gold Bar and various unnamed mines and prospects. Discovered in about 1884, reports indicate that by 1886 the district was shipping ore to custom mills, most likely at the Aurora and Comstock (Virginia) Districts. Furthermore, a 20 stamp mill was constructed in 1888 / 1889 and operated through 1931. In fact, drilling by the previous operators and owners intersected very high-grade mineralization as indicated by hole 99-3 that intercepted 4.6 meters grading 239.7 grams per metric tonne gold (g/t Au) and included 0.8 meters assaying 702.5 g/t Au in the Merritt Zone (Table 3). Check assays of representative intervals by an independent laboratory were reviewed and it corroborated reported grades.
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