Newrange Gold Corp. (TSXV:NRG) has commenced diamond drilling on its 100% owned North Birch Project in the Birch-Uchi greenstone belt northeast of Red Lake, Ontario.
Approximately 2,000 metres are planned, with the first five holes testing a three-kilometre strike length of the main target horizon, interpreted to be a sheared limb of a folded iron formation.
“We are excited to start the inaugural drill programme on the main iron formation target at North Birch,” President and CEO, Robert Archer, said.
“This target has never been drill-tested but, with gold elsewhere on the property and at the nearby Argosy Gold Mine and Springpole Deposit, it checks all the boxes for a potential discovery.”
The 3,850-hectare North Birch Project encompasses a folded and sheared iron formation that is structurally similar to Newmont’s Musselwhite Mine, 185 kilometres to the northeast and the largest of this class of deposits in Canada, with past production and reserves exceeding seven million ounces (Ontario Geological Survey and Newmont Corporation).
The Pickle Lake District, in the next greenstone belt to the east of Birch-Uchi, contains several deposits hosting gold in iron formation and adjacent rocks and has collectively produced 2.9 million ounces of gold since 1935 (MNDM archives).
For further information please visit: https://newrangegold.com/
