Silver Range Options GOLD Chief to Crocan Capital Corp.
Suite 1016 – 510 West Hastings Street
Vancouver, B.C. V6B 1L8
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
SILVER RANGE OPTIONS GOLD CHIEF TO CROCAN CAPITAL CORP.
November 15, 2018 – Silver Range Resources Ltd. (TSX-V:SNG) (“S ilver Range ”) has
optioned its Gold Chief Property to Crocan Capital Corp. (“Crocan”).
The Gold Chief Property is located 9 k ilometres north of Caliente in Lincoln County , Nevada,
and covers the past-producing Gold Chief Mine and a peripheral prospect. The Gold Chief Mine
reportedly produced 5224 t @ 6.18 g/t gold from 1913 to 1914 and shipped 189 T @ 1.1 OPT
gold-equivalent during high -grading operations in the late 1930’s. In 2016, Silver Range
sampled the back of a collapsed stope which returned 14 m @ 1.93 g/t gold including 4 m @
3.86 g/t gold with best results (1 m chip) of 4.58 g/t gold.
Mineralization at Gold Chief is carbonate -hosted and is localized along the intersection of the
north-striking Stampede Detachment Fault and an orthogonal lateral ramp fault. In 2017, Silver
Range completed a three-dimensional induced polarization and ele ctrical resistivity (3D -IP)
survey on the property which defined two drill targets. The resistivity inversion clearly imaged
the structural intersection hosting the Gold Chief Mine mineralization while the chargeability
inversion delineated a high at a d epth of 80 metres straddling the Stampede Detachment Fault ,
north of the mined mineralization . The edge of this latter target was intersected in a historical
drill hole completed by Homestake Mining Company which bottomed in material described as
containing 2 - 6% grey sulphides. Both targets are open down-dip.
The terms of the option entitle Crocan to acquire a 100% interest in the Gold Chief Property for
aggregate cash payments of $160,000 and aggregate issuances of 650,000 Crocan shares by
November 2 , 2021. Silver Range shall retain a 2% net smelter return, half of which may be
purchased for $1,000,000. In addition, Silver Range shall be entitled to receive a one-time cash
payment $2.00 for each ounce of gold or gold -equivalent identified as a measu red or indicated
resource compliant with National Instrument 43-101 and to receive a one -time cash payment
$2.00 for each ounce of gold or gold -equivalent identified as a proven or probable reserve
compliant with National Instrument 43-101.
Technical information in this news release has been approved by Mike Power, M.Sc., P.Geo.,
President and CEO of Silver Range and a Qualified Person for the purposes of National
Instrument 43-101. Historical data cited in this release is contained in Nevada Bureau of Mines
and Geology publications and files and has not been independently verified by Silver Range.
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Silver Range is a precious metals prospect generator working in Nevada, Nunavut and the
Northwest Territories. Silver Range has a portfolio of 18 active projects in Nevada. In total, the
company has assembled a portfolio of 42 properties, 14 of which are currently optioned and
being explored by partners. Silver Range is actively seeking joint venture partners to explore the
high grade precious metal targets in its portfolio.
Additional information on Silver Range’s properties may be found on the company’s website at
www.silverrangeresources.com.
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.