Silver Range Exploration Programs Underway IN Nevada
Suite 1016 – 510 West Hastings Street
Vancouver, B.C. V6B 1L8
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
SILVER RANGE EXPLORATION PROGRAMS UNDERWAY IN NEVADA
May 23, 2017 – Silver Range Resources Ltd. (TSX-V:SNG) (“S ilver Range ”) is pleased to
provide an update on exploration programs underway in Nevada.
In early April, Silver Range mobilized geological crews to explore six properties and conduct a
reconnaissance project. Following completion in early May, a geophysical crew was mobilized
to complete surveys on five properties. This work is being conducted on the following projects:
Gold Chief
Gold Chief is a structurally controlled, carbonate -hosted gold target north of Caliente in eastern
Nevada. Documented historic al production from the Gold Chief Mine on the property includes
5225 t @ 6.18 g/t Au (1913-1914). Recent sampling by Silver Range of wall rock in a collapsed
stope returned 4 m @ 1.93 g/t Au including 1 m @ 4.58 g/t Au. Silver Range conducted
additional sampling, hyperspectral alteration mapping and soil geochemical surveys in April and
in June will conduct a three dimensio nal (3D) induced polarization (IP) survey over 2 km of
favourable structure and stratigraphy centred on the Gold Chief Mine. The survey is designed to
detect additional sulphide mineralization along the Stampede Detachment Fault and an
associated lateral ramp fault.
Skylight
Skylight is in the Royston Hills, 60 kilometres northwest of Tonopah in central Nevada. The
property is underlain by mid -Tertiary silicic ash flow tuffs and ignimbrites and Triassic
metasediments and is centred on four large silica caps covering an area of 700 metres (m) by 450
m. Historic al surface sampling in the area by Rimfire Minerals Corporation and Newmont
Mining reportedly returned surface gold samples to 2.04 g/t Au. The property was dr illed in
2007 with 4 of 7 holes reportedly intersecting “anomalous gold and silver” and a best announced
intersection of 1.766 g/t Au over 3.05 m. Silver Range conducted mapping, sampling and
hyperspectral alteration mapping on the property in April and w ill conduct a 3D IP survey
centred on the silica caps in June. The objective of this work is to locate prospective targets by
defining the architecture of the epithermal system.
Strongbox
Strongbox is located north of Beatty near the California – Nevada border. The property covers
widespread orogenic or intrusion related, structurally controlled mineralization centred on Tule
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Canyon, a past -producing placer wash. There is evidence of mode rn placer and underground
mining in the area and sampling by Silver Range has returned grab sample results up to 27.1 g/t
Au. In April, Silver Range conducted sampling, geochemical surveys and geological mapping of
surface exposures and underground workin gs. In May, a geophysical survey crew mobilized to
the property to conduct horizontal loop electromagnetic (HLEM) and total magnetic field
surveys to map the structures hosting the mineralization.
Enigma
The Enigma Property is located east of Yeringto n in the Wilson Mining District and hosts
orogenic-style gold mineralization in a series of laterally extensive fault -controlled quartz veins.
Initial sampling by Silver Range returned grab sample values of up to 73.3 g/t Au from 12
samples. Geological m apping, soil geochemical surveys and hyperspectral alteration mapping
were completed on the property in April. H orizontal loop electromagnetic (HLEM) and total
magnetic field surveys will be con ducted later this month to map the structures hosting the
mineralization.
Stinson
The Stinson Property covers the Ben Hur and Stinson Mines approximately 35 kilometres north
of Ely. Structurally controlled gold mineralization is hosted in quartzite at Ben Hur and in
carbonates at Stinson. Initial sampling by Silver Range in 2016 returned gold analyses up to
51.2 g/t Au . Additional sampling, surface and underground geological mapping and
hyperspectral alteration mapping was conducted at the Ben Hur Mine in April.
Hunter
The Hunter Property adjoins Eurasian M inerals Golden Sunrise (French Bullion) property in
White Pine County, north of Ely. The property covers Middle Devonian to Mississippian
carbonate and shale stratigraphy prospective to host Carlin -style mineralization. Mineralized
jasperoid in shaft dum ps was sampled by the Nevada Bureau of Mines and Geology and
reportedly returned analyses of up to 2.8 ppm Au. Silver Range conducted additional sampling
on the property in April to locate additional mineralization of this tenor.
Road Gold
Road Gold is north of Luning and adjacent to the Isabella Pearl Mine, currently being developed
by Gold Resource Corp. (TSX: GORO). The property covers vein hosted and disseminated gold,
silver and copper mineralization. Recent historic sampling has returned up to 5.88 g/t Au , 332
g/t Ag and 3.9% Cu. Silver Range intends to conduct IP surveys south of the most significant
showings on the property in a pediment covered area.
A video presentation describing several of Silver Range’s Nevada projects including Gold Ch ief
and Strongbox can be found at www.silverrangeresources.com.
Technical information in this news release has been approved by Mike Power, M.Sc., P.Geo.,
CPG, President and CEO of Silver Range Resources Ltd. and a Qualified Person for the purposes
of National Instrument 43 -101. Historic al sampling results and product ion summaries reported
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in this press release with the exception of results at the Road Gold Property cannot be
independently verified.
Silver Range is a precious metals prospect generator working in Nunavut , the Northwest
Territories and Nevada. 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
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 (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.