The U.S. Bureau of Land Management has approved Newrange Gold’s (TSXV: NRG; US-OTC: NRGOF) proposal to transfer the company permits for the Merritt decline, part of its 16.7-sq.-km Pamlico gold project in Nevada, as well as to collect a 1,000-ton bulk sample at the project.
The project’s previous operators, the Merritt family, developed the Merritt decline in 2013 for between US$2 million and US$3 million. The family permitted the decline at the time to collect this proposed bulk sample. They stopped developing it about 20 metres short of the target zone when the patriarch of the family had a stroke and passed away.
“The permits remained valid, so what we’ve done is transfer everything from the Merritt family name into Newrange’s name,” explains Newrange CEO Bob Archer …
Continue reading at The Northern Miner.