IP survey informs drilling plans at North Birch. Newrange Gold has completed an induced polarization (IP) survey of the company’s North Birch Project in Ontario, Canada. A total of 73.7 line kilometers were completed, mostly over the eastern portion of the project area covering 7 kilometers of strike length along the main target horizon. The survey revealed several well-defined anomalies to target for the summer drilling program.North Birch drilling program. The company is preparing to establish a camp in late May staffed with a field crew for the summer. Mapping and sampling will be conducted across most of the 3,850-hectare property while diamond drilling is anticipated to commence in late June through early July and will consist of approximately 2,500 meters of drilling.Recent private placements provide targeted funding. The company recently closed a non-brokered private placement of 6,250,000 million flow-through units for gross proceeds of C$1,000,000. The funds will be used to advance the company’s North Birch project. Additionally, the company closed the first tranche of a non-brokered private placement of 5,878,332 non-flow-through units for gross proceeds of C$705,400. A second and final tranche is expected to close shortly and will provide gross proceeds of C$1,294,600. The funds will be used to advance the company’s Pamlico project in Nevada.Rating is Outperform. Newrange Gold has made significant progress in advancing its exploration program at the Pamlico Project in Nevada. With the completion of the IP survey and proceeds realized from the sale of flow-though units, the company is poised to accelerate progress at its North Birch property. Read More >>