Exploration underway at Pilbara-style gold target in Nunavut
Exploration underway at Pilbara-style gold
target in Nunavut
VANCOUVER
,
Aug. 15, 2018
/CNW/ -
Silver Range Resources Ltd.
(TSX-V: SNG) ("Silver
Range") announces that exploration is underway on its Tree River Property in western Nunavut. A
geological crew began work in early August to verify the extent and tenor of known mineralization
and to locate new mineralization along strike within the favourable host-rock unit. Work at Tree
River and on the peripheral targets will be completed by the end of August and results are expected
early in the fall.
The mineralization at Tree River bears striking similarity to that found in gold-bearing Archean
conglomerates in the Pilbara region of western
Australia
and the Witwatersrand in South Africa. At
Tree River, gold is hosted in quartz pebble conglomerate (QPC) overlying mafic volcanics at the
base of an Archean greenstone succession. The QPC has a local mapped strike length of 4.8 km
and is from 15 to
20 m
thick. The conglomerate is grain supported with pyrite and carbonaceous
matter in the matrix. Pyrite is ubiquitous ranging from a background of 1-2% to from 5-25% in
lenses within the conglomerate. Arsenopyrite, stibnite and sphalerite are reported to occur with
pyrite. The QPC is particularly enriched in gold with background values in excess of 100 ppb Au,
numerous grab samples in excess of 1 g/t Au and local occurrences of high grade gold returning
grab samples up to
142 g/t Au
and channel samples up to
0.35 m
@ 63.15 g/t Au
. The host
conglomerate is dated between 2,940 and 2,700 Ma based on detrital zircons in proximal sediments,
placing it in the favourable time window for the "Great Gold Deposition Event" (Q. Hennigh, 2016). A
summary of the Tree River Project is available on Silver Range's website at
www.silverrangeresources.com/projects/nunavut/tree-river/
.
Information including analytical results cited in this news release were extracted from assessment
reports filed with the Nunavut Mining Recorder and cannot be independently verified by Silver
Range. Technical information in this news release has been approved by
Mike Power
, M.Sc.,
P.Geo., President and CEO of Silver Range Resources Ltd. and a Qualified Person for the
purposes of National Instrument 43-101.
Silver Range is a precious metals prospect generator working in
Nunavut
,
Nevada
and the Northwest
Territories. The company is actively seeking joint venture partners to explore the assets in its
portfolio.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
"Mike Power"
President, C.E.O. & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
This news release may contain forward looking statements based on assumptions and judgments
of management regarding future events or results that may prove to be inaccurate as a result of
exploration and other risk factors beyond its control, and actual results may differ materially from
the expected results.
SOURCE
Silver Range Resources Ltd.
View original content: http://www.newswire.ca/en/releases/archive/August2018/15/c6779.html
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For further information:
concerning Silver Range or its exploration projects please contact:
Investor Inquiries, Richard Drechsler, Vice-President, Communications, Tel: (604) 687-2522, NA
Toll-Free: (888) 688-2522, [email protected],
http://www.silverrangeresources.com
CO: Silver Range Resources Ltd.
CNW 08:30e 15-AUG-18