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Pinnacle Silver & Gold Corp V.PINN

Alternate Symbol(s):  NRGOF

Pinnacle is currently focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario. The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. Pinnacle is also actively looking for other district-scale opportunities in the Americas, with a particular focus on silver and gold. With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long term, sustainable value for shareholders.


TSXV:PINN - Post by User

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Comment by medvic1on May 28, 2020 9:53am
136 Views
Post# 31082221

RE:Driling announced.

RE:Driling announced.to those who knows stuff, should we expect drill results end of July-August or they can annouce results in sequents, like after 2-3 holes drilled? thanks
vestor111 wrote:

 

 

NEWRANGE GOLD INITIATES DRILL PROGRAM AT PAMLICO

 

VANCOUVER, BRITISH COLUMBIA, May 27, 2020 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) –Newrange Gold Corp. ("Newrange" or the “Company") is pleased to announce that a drilling contractor is mobilizing to the Pamlico Gold Project in Nevada and drilling is scheduled to commence this Thursday.  Road work and site preparation have been completed for the first holes and applications have been submitted to the BLM for permitting the balance of the program.  Importantly, the drill crew will be working under a strict COVID-19 protocol, both on and off site, to ensure the health and safety of all Newrange employees and contractors.

“We have made significant progress in our understanding of the geological setting at Pamlico since our last drilling campaign in 2018 and we are keen to test some of the new ideas that have come out of that work,” stated Robert Archer, Newrange’s CEO.  “The combination of underground mapping and sampling with the Induced Polarization (IP) geophysics has allowed us to better target our drilling.  We have seen a good correlation between the IP and known gold-pyrite mineralization, which bodes well for testing the new targets across the 3 kilometer-wide area of immediate interest within the much larger Pamlico Property.”

The initial part of the program will entail approximately 3,000-3,500 meters in 30-35 holes, primarily along Pamlico Ridge.  Reverse circulation (RC) drilling will be used for this work as the holes will be relatively shallow and are designed to test the continuity of near-surface gold mineralization around and between the historic workings of the Pamlico, Gold Bar and Good Hope Mines.  Once subsequent sites are permitted and roadwork completed, drilling will continue with a combination of RC and diamond drilling in new target areas that, in some cases, are deeper and beyond the depth capability of the RC drill.  In other instances, diamond drilling will be used to gain geological information that will be important for the interpretation of the controls on mineralization.  Ultimately, the drilling program is anticipated to entail up to 10,000 meters over the next couple of months.

Mr. Robert G. Carrington, P. Geo, a Qualified Person as defined by National Instrument 43-101, the President and Chairman of the Company, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About Newrange Gold Corp.



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