This Is Why I'm Holding And Accumulating 💰🤑👍 Here is a summary of the drill results at the Pamlico Project, operated by Newrange Gold Corp:
Hole P20-115: Intersected 123.5 meters averaging 1.13 g/t Au, including several high-grade intervals such as:
12.47 g/t Au over 4.5 meters
5.52 g/t Au over 7.62 meters (including 22.35 g/t Au over 1.5 meters)
13.01 g/t Au over 1.5 meters
Previous drilling: Previous RC drill hole assays showed gold mineralization falling into three broad categories:
High-grade (>10 g/t) gold mineralization in discontinuous vein-like structures
Mid-grade (1-10 g/t Au) fracture-controlled gold mineralization
Lower-grade (<1.0 g/t Au) mineralization surrounding the above two categories
Ongoing drilling: As of September 2020, 34 holes for 3,462 meters had been completed, mostly along an 800-meter length of Pamlico Ridge. The drilling aims to:
Better understand the controls on mineralization
Explore for new zones similar to those already known
Follow up on targets generated in the first half of the program
Complete drilling at the Good Hope Mine
Test an IP chargeability anomaly extending over 1,000 meters through the central part of the property
These drill results demonstrate the widespread nature of gold mineralization at the Pamlico Project, with high-grade intervals and structural control evident. Ongoing drilling aims to further define and expand the mineralized zones.