Silver Range Expands High Grade Zinc System at Michelle
Silver Range Expands High Grade Zinc System at Michelle
VANCOUVER
,
Nov. 16, 2017
/CNW/ -
Silver Range Resources Ltd.
(TSX-V: SNG) ("Silver Range") is pleased to provide recent results
of a geologic mapping, hand trenching and sampling program conducted at the Michelle Property, located in west-central
Yukon, Canada
.
Property highlights to date include:
Twenty-three known non-sulphide and sulphide zinc±lead±silver occurrences over a 14 km by 9 km area;
High grade zinc mineralization at all occurrences, with peak values of
48.57% zinc
,
82.78% lead
,
4180 g/t silver
and
1120 ppm gallium
;
and,
Best drill intercept of
16.75% zinc
,
8.86% lead
and
310 g/t silver over 18.29 m
.
The property lies within a belt of carbonate rocks that host significant zinc±lead±silver deposits, including Pine Point,
Gayna River
, Prairie Creek,
Goz and Blende. The Michelle Project is exceptional amongst similar zinc-lead projects in this belt due to the high levels of silver, gallium and
indium.
During the summer 2017 field program, hand trenching in the southwest part of the property was directed toward exposing in-situ zinc
mineralization at the Scorpion Showing, where gossanous float had previously been identified. Chip sampling across the floor of a hand trench
returned weighted average grades of
3.51% zinc
,
8.79% lead
and
34.53 g/t silver over its entire 11 m length
. Concurrent geological
mapping and sampling within a 4 km by 1.2 km area, covering the Scorpion and Prairie Dog showings, demonstrated that both occurrences are
located within a much larger belt of widespread, high grade zinc mineralization in float and talus. Grab samples from this belt yielded a peak value
of
46.43% zinc
, and 18 out of 31 grab samples returned greater than 1% zinc.
In the northwest part of the property, mineralized float from the Cirque Showing returned up to
30.50% zinc
and
172 g/t silver
. Hand trenching,
which was frustrated by a deep talus cover, failed to reach bedrock, and the full extent of the zinc mineralization remains unknown.
The Michelle property covers 23 high-grade zinc occurrences that collectively point to the presence of a zinc-rich mineralizing system with district-
scale potential. Historical diamond drilling, which concentrated on two occurrences, returned highlights of
16.75% zinc
,
8.86% lead
and
310 g/t
silver
over 18.29 m
at the Gully Zone, and
0.55% zinc, 15.18% lead
and
2134 g/t silver over 2.96
m
at the Peak Zone (Zinccorp Press
Release
May 8, 2009
)
.
Work programs on the property continue to increase the size and grade of the zinc footprint. Silver Range believes that
the numerous high-grade zinc occurrences provide a vector to a much larger target. Results from the 2017 program are available at
www.silverrangeresources.com
.
The 2017 work program described in this press release was conducted by Archer, Cathro & Associates (1981) Limited under the supervision of
Jack Morton
, P.Geo. A total of 64 grab samples were collected, 32 of which returned analyses greater than 1% zinc. In addition, thirteen hand
trenches were completed and continually chip sampled, resulting in a total of 98 chip samples. Samples were secured and shipped in custody to
ALS Minerals facilities in
Whitehorse
,
Yukon
for sample preparation, and pulps were shipped to
North Vancouver
for assay. Rock samples were
analyzed by aqua regia digestion and inductively coupled plasma-atomic emission spectroscopy (ME-MS41). Overlimit values were determined
for zinc, silver and lead by aqua regia digestion followed by inductively coupled plasma-atomic emission spectroscopy or atomic adsorption
spectroscopy (Zn-, Ag- and Pb-OG46).
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.
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/November2017/16/c7226.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 07:30e 16-NOV-17