Silver Range Acquires East GOLD Point Property
Suite 1016 – 510 West Hastings Street
Vancouver, B.C. V6B 1L8
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
SILVER RANGE ACQUIRES EAST GOLD POINT PROPERTY
October 2, 2019 – Silver Range Resources Ltd. (TSX-V:SNG) (“S ilver Range ”) announces
that is has acquired the East Gold Point Property, covering the relatively unexplored extension of
high grade gold and silver veins mined intermittently since 1905.
The East Gold Po int Property is located east of the town of Gold Point in Esmeralda County,
Nevada. The property was acquired by purchase and staking between June and September 2019.
The property lies immediately east of historical Gold Point workings and covers the inf erred
strike exten sion of mined veins and structures. On the East G old Point Property historical
workings include two shafts with limited drifting (Lucky Boy and Hornsilver America shaft s).
Silver Range staff conducted confirmatory sampling at the Hornsilver America shaft, collecting a
total of 8 grab and chip samples , 5 of which returned assays greater than 5 g/t Au. The best
result was 13.7 g/t Au from a grab sample of vein mineralization in the shaft wall . A chip
sample across the vein at a depth of approximately 20 m returned 1.2 m @ 2.65 g/t Au.
Precious metal mineralization in the Gold Point area is hosted in branching and anastomosing,
east-southeast striking veins and breccias cutting Precambrian Wym an Formation fine -bedded
siltstone and carbonates. The Jurassic Sylvania Pluton intrudes the stratigraphy and has tilted the
host rocks to the northeast. Gold and silver bearing veins consist of crushed, coarse crystalline
quartz with hematite and limonite. The principal vein systems at Gold Point extend over 1000 m
along strike and are up to 9 m wide . Shallow silver mineralization is hosted in chlorargyrite
and rare bromyrite. Gold persists to the full depth of current working (293 m) and is associated
with pyrite, galena and cerussite. The mineralization in the Gold Point area is intrusive related,
in a class which includes the high -grade Pogo Deposit in Alaska. It is similar in style,
mineralogy and stratigraphic position to two nearby deposits. Sco rpio Gold Corporation’s
Mineral Ridge Deposit is located 58 km NNW of East Gold Point and , to 2018 , produced
697,715 oz Au. Valterra Resource Corporation’s Weepah Deposit is 68 km N of East Gold Point
and has documented historical production of 117,000 oz Au.
Silver Range intends to conduct mapping, sampling, geophysical and soil geochemical surveys
on the East Gold Point Property to map structure and define drill targets.
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. Information concerning historical exploration, development and
mining at Gold Point is based on Nevada Bureau of Mines a nd Geology archive material and
cannot be independently verified. Information on past production at Mineral Ridge and Weepah
was extracted from National Instrument 43 -101 reports prepared for Scorpio Gold Corporation
and Ely Gold & Minerals Inc. and has not been independently verified. Samples collected at the
East Gold Point Property were secured and shipped to ALS Minerals facilities in Reno, NV for
sample preparation and to North Vancouver, BC for assays and geochemical analyses. Rock
2
samples were ana lyzed by Ultra -Trace Aqua Regia ICP -MS (ALS code ME -MS41) and fire
assayed for gold (30 g sample) (ALS code Au -AA25). Samples assaying greater than 10 g/t Au
during the first round were also analyzed by metallic screening (ALS code Au -SCR24) and fire
assayed for gold (50 g sample).
About Silver Range Resources Ltd.
Silver Range is a high grade focused precious metals prospect generator working in Nevada and
Northern Canada. It has assembled a portfolio of 4 1 properties, 1 4 of which are currently
optioned to others. Silver Range is actively seeking other joint venture partners to explore the
high grade precious metal targets in its portfolio.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
“Mike Power”
President, C.E.O. & Director
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
http://www.silverrangeresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (a s 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.