Silver Range Options Mel Property to Benz Mining
Suite 1016 – 510 West Hastings Street
Vancouver, B.C. V6B 1L8
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
SILVER RANGE OPTIONS MEL PROPERTY TO BENZ MINING
March 15, 2017 – Silver Range Resources Ltd. (TSX-V:SNG) (“S ilver Range ”) announces
that it has entered into a property purchase agreement (“Agreement”) with Benz Mining
Corp.(“Benz”) under which Benz will purchase the Mel zinc-lead-barite property.
The Mel property is located within a belt of important sedimentary exhalative zinc -lead deposits,
which includes the Howard's Pass deposits of Chihong Canada Mining., the Tom and Jason
deposits of HudBay Minerals, the Cirque deposit of Teck Resources/Korea Zinc, and the Akie
deposit of Canada Zinc Metals. The Mel property is situated 80 km east of Watson Lake and 40
km north of the Alaska Highway in southeastern Yukon Territory. The property consists of 538
mineral claims.
The Mel Main Zone hosts an inferred resource of 5.38 million tonnes grading 6.45% zinc, 1.85%
lead and 44.79% barite (BaSO4), at a cut -off grade of 5.0% zinc -equivalent. Mineralization at
the Main Mel Zone consists of co arse-grained sphalerite and galena disseminated throughout a
mixture of mudstone, silica -carbonate and coarsely crystalline barite. Details related to the
inferred resource are available in a NI 43 -101 report prepared for Silver Range and a uthored by
Giroux Consultants Ltd. and H. Leo King. P. Geo., dated November 12, 2014 and filed on
SEDAR.
Under the terms of the Agreement, Silver Range has agreed to sell a 100% interest in the Mel
Property to Benz Mining for $2,700,000 in cash and shares, payable over a five -year period.
There are no work requirements or any royalt ies payable to Silver Range under the Agreement.
An initial payment of $20,000 has been received by Silver Range.
Technical information in this press release has been approved by Matthew R. Dumala, P.Eng., a
geological consultant to Silver Range Resources and qualified person for the purposes of
National Instrument 43-101.
Silver Range is a gold prospect generator working in Nunavut, the Northwest Territories and
Nevada.
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:
2
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 judgm ents
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.