HNWI – 50%
Institutions – 10%
Management ownership – 9%
Newrange Gold is a junior gold explorer focused on the high-grade Pamlico Gold District in west central Nevada. The Pamlico Project is unique in that it encompasses a past-producing district that has been privately owned for more than 100 years. The project boasts excellent infrastructure, exceptional metallurgy and a mineralized zone that exceeds 1.5 km in diameter. Newrange expects to be fully funded for exploration drilling in 2020.View Noble Report April View Noble Report Feb
Robert Archer, CEO & Director
Robert Archer, CEO and Director, is a co-founder of Great Panther Mining Ltd., a mid-tier precious metals producer. A geologist with more than 40 years’ experience, he has worked throughout North and South America for major and junior companies, and raised more than $100 million in the capital markets.
What is your rationale for attending 121 Mining Investment?
Looking for investors that share our vision of making a major discovery in Nevada
What recent news would you like to highlight to investors attending?
A geophysical survey on the Pamlico Project has identified a number of high priority drill targets, similar to known gold mineralization, to be tested in 2020.
What are your key goals for the next 3, 6 and 12 months?
Initiate drill program at Pamlico Project
Continue drilling at Pamlico; Initiate field work on secondary project in Red Lake District of Northern Ontario
Drilling in Nevada and Ontario
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Through the divestiture and monetization of non-core assets, we have secured non-dilutive funding for 2020 and beyond, reducing our reliance on the markets.
What do you think makes your company such a compelling investment?
Experienced and successful management; high-grade, underexplored gold district in Nevada; well-funded; discovery potential in well-known district in Canada.
Newrange Gold is a TSX-V-listed company that’s focused on the Pamlico Project in Nevada, the top mining jurisdiction in the world.
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 +60M oz of gold and +200M oz of silver.
Pamlico was known in the late 1800’s as one of the highest-grade gold mining districts in the state, but has been in private hands since 1896 and has seen little modern exploration. With known gold mineralization covering a 1,500 x 1,000 metre area and excellent metallurgy, Pamlico provides a unique opportunity for the discovery and development of a large-scale gold deposit amenable to open-pit mining methods.
The Pamlico Project is a high-grade epithermal gold system hosted in Jurassic to Tertiary age volcanic and sedimentary rocks. 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.
The project is underexplored in terms of modern exploration with no property-wide geology, geochemistry or geophysics done and with only 103 shallow holes drilled on the entire property when acquired in July 2016 by Newrange. Some 300 separate, historic mine workings mostly developed during the late 1800’s explore up to 100 individual veins. Pamlico’s history mimics the early history at currently producing high-grade gold mines in Nevada including the Ken Snyder (Midas) and nearby Fire Creek mines, both operated by Klondex Mines Ltd.
Based on the extent and the high grade of the gold mineralization in historic surface and underground samples, the high-grade nature of historic gold production and available drill results, the Pamlico Project represents a unique opportunity to explore and develop a district-scale, near-surface, potentially high-grade gold deposit in multiple target areas across the property with small scale gold recovery potential from the current permits in place for test mining from the Merritt Decline.
The Pamlico Project will see significant exploration throughout 2020.