Newrange Gold Corp. announced that a new mapping and sampling program in the historic Central Mine area of its Pamlico Project in Nevada has indicated widespread gold mineralization with values up to 47.34 g/t. In keeping with the Company's renewed focus on the larger scale geological setting, and as there is little historical information from the mine itself, a preliminary program of mapping mineralized structures and sampling dump material from the numerous adits was undertaken to determine what had been mined in the past. Gold mineralization seems to have been confined to a volcano-sedimentary ("VS") unit on the west side of a limestone ridge.

A total of 67 grab samples were taken of quartz breccia material (most with iron oxides) in the old mine dumps extending over an area of approximately 700 metres north-south by up to 350 metres east-west. Of these samples, 55 (78%) returned gold values greater than 0.1 g/t, 29 samples (43%) were greater than 1.0 g/t and 13 (19%) assayed more than 5.0 g/t Au. The average grade of all 67 samples was 4.33 g/t gold.

Significantly, other metals are also highly anomalous within this zone. Assay ranges and averages are as follows: Gold: 0.005 to 47.34 g/t; Ave. 4.33 g/t; Silver: 0.2 to 175 g/t; Ave.

18.2 g/t; Copper: 5 to 34300 ppm (3.43%); Ave. 1420 ppm; Lead: 6 to 38900 ppm (3.89%); Ave. 4386 ppm; Zinc: 2 to 7900 ppm (0.79%); Ave.

1810 ppm; Manganese: 44 to 49000 ppm (4.9%); Ave. 8908 ppm; and Arsenic: 6 to 14800 ppm (1.48%); Ave. 717 ppm.

Furthermore, the Chargeability anomaly named the 'Line 5' anomaly lies just to the east, under the limestone ridge. It is still considered likely that this anomaly reflects sulphide mineralization within the VS unit below the limestone." The gold-bearing mineralized structures at the Central Mine are sub-parallel with a general north-south strike and dip between 15 and 85 degrees to the east and are offset by east-west faults. The structures contain quartz veins (including banded quartz), silicified vein and fault breccia, and variable amounts of iron-oxides.

Veins are between 4 centimetres and 2 metres wide. Limonite, pseudomorphs of pyrite by goethite and boxwork textures all indicate that sulphides were present in the quartz veins prior to oxidation. Copper minerals were noted locally.

In addition, recently recognized skarn alteration and extensive silicification exists in the limestones to the immediate southwest of the Central Mine area, which fits with the working hypothesis that mineralization on the Pamlico Project is related to a large intrusive system.