Update on Newrange Gold's Pamlico Project in Nevada

TL;DR

Columbia Mines underwent an IPO in 2008 and focused on exploration projects in Colombia before acquiring the high-grade Pamlico project in western Nevada. The project shows promising results, with high-grade gold intercepts and potential for sediment-hosted gold systems.

Transcript

new range goal started life is Columbia mines in 2006 when we finished an IPO in 2008 the company had been focused on exploration projects in Colombia until 2016 when we acquired the Pamlico project in western Nevada Pamlico is a very high-grade volcanic hosted system in western Nevada historically it was one of the highest grade districts in the s... Read More

Key Insights

• 📽️ The Pamlico project in Nevada is a significant exploration endeavor for Columbia Mines, which previously focused on projects in Colombia.
• 🤑 The project is located in a region with a rich mining history and major mines, indicating its potential for significant mineral deposits.
• ✋ Drill intercepts from the phase one program at Pamlico have shown high-grade gold mineralization, both in veins and disseminated throughout the system.
• 🤵 Additional claims were staked to expand the project's potential and provide operational room for growth.
• ❓ Nevada offers a favorable mining climate with excellent infrastructure and a transparent permitting process.
• 💦 Ongoing work at Pamlico includes mapping, sampling, airborne geophysics, and geochemistry studies to further understand and identify potential targets.
• ✋ The project's high-grade gold mineralization tends to be fine-grained, making it suitable for modern mining and milling technologies.

Questions & Answers

Q: What is the significance of the Pamlico project's location in western Nevada?

The Pamlico project is situated at the junction of the walker lane and the pancake range liniment, two major structural ligaments in Nevada that have hosted large-scale gold and silver mines. This location offers potential for significant mineral deposits.

Q: What are some notable intercepts from the phase one drill program at Pamlico?

Hole number ten had a meter and a half of two hundred or three hundred and forty-one gram gold, and hole number eight had a meter and a half of two hundred forty gram gold. These intercepts, along with others, indicate the presence of high-grade gold in the area.

Q: Why did Columbia Mines stake additional claims near Pamlico?

The additional claims were staked to cover areas with potential for sediment-hosted gold systems, as well as to provide an operational buffer and future exploration potential for the project.

Q: What advantages does Nevada offer as a jurisdiction for mining?

Nevada is consistently ranked as one of the top ten mining jurisdictions globally due to its excellent infrastructure, transparent permitting process, and pro-mining environment. Pamlico itself benefits from nearby infrastructure, including paved access roads and a power line crossing the property.

Summary & Key Takeaways

• Columbia Mines started in 2006 and explored projects in Colombia before acquiring the Pamlico project in Nevada in 2016.

• The Pamlico district is located in a geologically significant area in Nevada, with major mines and historical high-grade gold districts nearby.

• The phase one drill program at Pamlico has yielded high-grade gold intercepts as well as the presence of disseminated mineralization.