Newrange Gold Corp. (TSXV: NRG, OTC: NRGOF)
“Where Exploration INTERSECTS Discovery”
2021 has been ushered out the door with little fanfare, and it’s time to welcome what will hopefully be a better year. While what 2022 has in store is anyone’s guess, it is shaping up to be a promising precious metal investment year. (Find the precious metal investment opportunities at the GCFF virtual event on Feb 10, 2022. Register for free now.)
Several factors are at play that could see precious metal prices soar. Firstly, there is inflation. 2021 ended with inflation surging to highs not seen since 1982, and so far, there is little to suggest that trend will be cooling in 2022. Precious metals, and gold in particular, are traditional safe-haven investments, and increased precious metal investment could trigger increasing prices.
Industrial demand for precious metals is also on the rise. Precious metals are used to manufacture everything from high-end electronics and cellphones to jewelry and cosmetics. With more and more people emerging from their Covid bubbles, spending on these types of luxury goods should see a significant boost in 2022.
But it won’t be entirely smooth sailing. At the same time that demand for precious metals is on the rise, supply chain disruptions are already impacting the availability of gold and other precious metals. The result could be a run on prices as manufacturers compete for limited supply.
Gold bulls may be getting a late Christmas present after a recent TD Securities’ commodities outlook predicting an early year bull run.
According to the commodity strategists at TD, the first half of 2022 will offer considerable upside for gold prices. Gold price could rally towards $1,900 an ounce during the first half of the year, depending on how external factors like economic growth, inflation, and current political situations play out.
“Political risks associated with the pending U.S. mid-term elections, U.S. fiscal drag, fairly steadfast central banks gold purchases, and a significantly slower pace of U.S. and global recovery are additional factors which may see investor rekindle their interest in gold,” said Bart Melek, TD Securities global head of commodities market strategy. “These factors should help lift gold into $1,900/oz territory in the first half of 2022, as per our projections.”
Newrange Gold (TSXV: NRG) ended 2021 on a high note. The company spent the year successfully exploring and expanding its flagship Pamlico Project and added to its portfolio with the acquisition of the past-producing, high-grade Argosy Gold Mine located in Northern Ontario.
The Argosy Gold Mine joins the North Birch Project, also located in the Birch-Uchi Greenstone Belt, giving Newrange Gold significant assets in a prolific area. Project highlights include:
Drilling of both sites is set to begin in January 2022.
Meanwhile, the company’s Pamlico Project continues to offer up promising results from ongoing drilling operations:
These results have identified several high-priority targets for 2022 drilling
About Newrange Gold
Newrange Gold is a mineral exploration company focused on the district-scale exploration of precious metals in prolific mining regions throughout North America. Its 5,700-hector flagship Pamlico Project in Nevada has demonstrated significant copper, zinc, lead, gold, and silver mineralization zones.
The Argosy Gold Mine is the most significant past-producer in the prolific Birch-Uchi Greenstone Belt, while the neighbouring North Birch Projects offers substantial blue-sky potential.
Focused on developing shareholder value through exploration and development of key projects, the company is committed to building sustainable value for all stakeholders.
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