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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@Edp007It seems Newrange Gold Corp. (“Newrange”) and its shareholders may now be the beneficiaries of a similar situation
near Hawthorne, Nevada. The company obtained a group of underexplored high-grade small-scale vein-hosted gold mines
near Hawthorne, Nevada, in July 2016 only after the failing health of their owner
forced their sale. Newrange calls this collection of small mines, which includes
the Good Hope, Central, Gold Bar, and Sunset mines, as well as the historical
Pamlico group of mines, the Pamlico Gold Project. And as you can see from
the map on your left, the property lies in the Walker Lane structure in which
numerous gold mines of substantial size exist. The Pamlico Deposit is a highgrade
structurally controlled gold dominated epithermal system.
Located 12 miles southeast of Hawthorne, Nev., along U.S. Highway 95, the
project has excellent access and infrastructure, a mild, year-round operating
climate, and strong political support from Mineral county, one of the most promining
counties in the pro-mining state of Nevada.....
@Edp007@BrettCross from what I read here on ceo.ca the #bergdex guys are very successful.. recent example $nrg when there was no interest at 8/10c just a short month or two ago... these guys must know something...they wouldn't just toss a couple mill to the wind... maybe they do lol.. who knows...lol
@RocketRedPAMLICO DRILLING PROGRAM 2002-12-06
American Bonanza has commenced drilling at its Pamlico project located in the Walker Lane gold trend of Nevada, currently under option with American Nevada Gold.
The drilling contractor, Layne Christensen Company, has mobilized both a reverse circulation (RC) drilling rig and a core drilling rig to the project site. The program will consist of about eight drill holes to confirm and expand mineralization encountered previously in the underground workings in the Central Mine area and at the northwest end of the main zone. Completion of this phase of drilling is expected in December.
As previously disclosed, in the Central Mine area nine channel samples from the B-Zero adit vein returned values averaging 20 grams per tonne (g/t) gold with four of the samples having higher results (67 g/t, 34 g/t, 31.5 g/t and 22.3 g/t gold). One nearby area, 45 metres away, had gold values of 19.9 g/t and 6.2 g/t; and another, 180 metres distant, returned values of 60 g/t and 29.5 g/t gold. The Main zone produced over 50,000 ounces of gold during historic mining. The corporation's previous drilling targeted known veins downdip from the historic workings. Eight holes were drilled along a 230-metre fence. Three narrow veins, approximately 0.6 metre in true thickness, returned grades of 42 g/t, 134 g/t and 700 g/t gold.
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@RocketRedAMERICAN NEVADA ENCOUNTERS FAVOURABLE GOLD MINERALIZATION IN ... 2003-02-24
American Nevada Gold has been notified by American Bonanza Gold Mining Corp. (the operator), its joint venture partner, that the recently completed drilling program on the Pamlico project encountered favourable mineralization. The Pamlico project is located in the Walker Lane gold trend of Nevada.
This early stage drilling program totalled 1,608 feet in eight holes, and was designed to confirm and expand mineralization encountered previously in the underground workings in the Central mine area and in underground workings and previous drilling in the north end of the Main zone.
Encouraging results of 55.5 grams per tonne (g/t) (1.62 ounces of gold per ton) over one metre (three feet) and 95.6 g/t (2.79 ounces of gold per ton) over 0.3 metre (one foot) were obtained. Given the early stage of the exploration drilling, these results are considered encouraging. Four distinct mineralized structures were targeted and all four were encountered by the drilling, with two structures returning significant mineralization as described above. Several intervals testing structures did not return high-grade gold, but contain anomalous gold grades between one g/t gold and 0.5 g/t gold which suggests potential for these structures in other areas.
The Pamlico gold mineralization occurs within a package of sedimentary and volcanic rocks, in silicified faults, epithermal quartz veins and silicified brecciated lithologic contacts. Future drilling will target these mineralized structures to follow up along strike and dip from these current results and previously drilled mineralized zones. The Pamlico veins and mineralized faults occur along Walker Lane faults and are typically moderately dipping, curviplanar and locally braided. Silicification is the most prevalent wall rock alteration. Gold mineralization is restricted to these structures, with little to no gold mineralization present in the wall rocks. As a result, all eight drill holes were predrilled with a reverse circulation drilling rig and the Main zone structural targets were then drilled with an HQ core drilling rig. A total of 1,120 feet of reverse circulation was drilled, along with a total of 488 feet of "spot" core drilled through the target zones.
Drilling services were provided by an international drilling contractor, Layne Christensen Company of Chandler, Ariz. The drilling and assaying were conducted under the supervision of Gregory French, CPG No. 10708, a qualified person as defined in Canadian National Instrument 43-101. The upper portions of the drill holes in the Main zone were completed by reverse circulation drilling with the deeper target zones drilled by core. Drilling in the Central mine consisted of only reverse circulation drilling. The drilling contractor under direct supervision of the operator's personnel preformed downhole surveys. A standard digital multishot survey tool provided acceptable accuracy in measuring dip and azimuth attitudes.
The drill holes in the Main zone were located adjacent to reverse circulation holes drilled by the operator in 1999. Surveyed underground workings were used to position drill holes in the Central mine area. Drilling in the Main Pamlico mines area targeted known productive veins about 90 metres (300 feet) downdip from the deepest working in the area. The five holes were drilled from two drill pads and were designed to encounter target structures between 10 and 20 metres along strike from previously known data points. The two high-grade intercepts were encountered in this area. These Main zone veins remain open to expansion along strike and dip. The Central mine target area is approximately 1.6 kilometres (one mile) northeast of the Main Pamlico mines target area. The operator drilled three holes in a roughly triangular pattern on average 35-metre (100-foot) spacing. This preliminary drilling in the Central mine target area returned low-grade gold values, although silicified fault structures were encountered.
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@HHorsemanDoes anyone have an idea of how valuable their Colombian Cu/Au projects are? $NRG
@rdwwColumbia. As in Gran Columbia? If so, we'll isn't that prop 20+ years old now and still haggling over who really owns it. Lotsa gold. Was Lotsa issues
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The Pamlico property is located in south central Nevada within the Walker Lane mineral trend. The Pamlico property covers numerous historic shafts and adits and work-to-date has confirmed the existence of high-grade gold mineralization. Pamlico has several drill targets ready to test. Pamlico has already been drill-tested by the Corporation (including its subsidiaries) and high-grade mineralization (greater than 34 g/t or 1 opt) has been intersected in drilling.
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@Stargate2Pamlico is by far one of the most prospective project regions we have ever come across, and there a plans in place to undertake a StargateII examination over this portion of the Nevada Walker Trend in the near term......
@soccerfanSpoke to Gloria other day, adding to my position next week the area is looking more promising than I thought. #bergdex trio were on #nrg property last week. These folks really putting in the time and DD. These guys really get around. I'm glad I started following them early. #xmg#emo#ngz
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@Stargate2After further reviewing this company and project, (Pamlico) there are very strong fundamentals in place in which to be extremely optimistic about the size and scope of the present mineralized envelope being related to a major discovery outcome which would dwarf those in Elko ....
SEDI_botNewrange Gold Corp. $NRG just filed 4 reports. View full report: SEDI:NRG
@Maggee"The Colombian properties are on care and maintenance. As some of your readers may know, we sold Anori to a private mining company last year. That company has notified us they plan to exercise that option. Depending on how they exercise the option, we will receive between $300K and $800K and that’s on top of the $1.8 million we currently have in the treasury." Good to hear they are loaded up with funds.
@Stargate2ESSCO is pleased to announce further Stargate II test partnering undertakings with Noble Mineral Exploration on its 70,000 hectare Project 81 claim holdings in Timmins......Kidd Creek repeat environment detection is the model being pursued........