Silver Range Resources Ltd. - Rover Metals Corp. Up Town Gold Drill Results
Silver Range Resources Ltd. - Rover Metals Corp. Up Town
Gold Drill Results
TSX-V: SNG
VANCOUVER
,
Nov. 27, 2017
/CNW/ -
Silver Range Resources Ltd.
(TSX-V:SNG) ("Silver Range") reports that Rover Metals Corp.
("Rover") has provided the results of a drill program conducted on the Up Town Gold Property ("Property") in August and
September 2017
. A
more complete summary of the drill program including drill plans and sections may be found on Rover's website,
www.rovermetals.com
.
In August and
September 2017
, Rover completed 14 drill holes (total drill length 803 metres) on the Property. Drilling at the Rod Zone (10 holes
/ total 528 m) intersected short intervals of high grade gold enclosed in lower grade rock in 4 of the 10 holes. In addition to testing the known
mineralization at Rod, a second structure (
Rod West
) was intersected at depth and returned best results of 0.6 m @ 15.20 g/t Au in hole ROD-
17-004. Drill results from the Rod Zone are tabulated below:
Drill hole
From (m)
To (m)
Length (m)
Au (g/t)
ROD-17-001
14.1
14.7
0.6
0.71
ROD-17-002
11.0
16.4
5.4
4.28
including
15.0
15.9
0.9
22.10
ROD-17-003
14.7
15.3
0.7
1.36
ROD-17-004
14.6
15.2
0.6
15.20
ROD-17-004
26.0
27.2
1.2
1.52
including
26.0
26.6
0.6
2.73
ROD-17-005
28.5
30.5
2.0
1.08
ROD-17-005
30.5
31.5
1.0
0.52
ROD-17-006
14.5
17.0
2.5
0.90
ROD-17-007
15.0
18.3
3.3
3.73
including
16.1
16.4
0.3
35.00
ROD-17-008
13.8
17.3
3.4
3.30
including
14.8
15.2
0.3
32.60
ROD-17-009
No assays > 0.30 g/t Au
ROD-17-010
48.0
48.3
0.3
0.34
ROD-17-010
76.6
77.0
0.4
0.58
At Fox South, drilling was focused on testing the shear zone south of the known mineralization. The results of this work (4 holes / total 275 m)
extended the strike length of drilled mineralization to 250 m. Drill results are summarized in the table below:
Drill hole
From (m)
To (m)
Length (m)
Au (g/t)
FS-17-001
24.5
25.2
0.7
1.23
FS-17-001
29.2
30.2
1.0
0.34
FS-17-002
25.9
35.0
9.1
0.32
including
33.1
34.0
1.0
2.16
FS-17-003
39.6
46.6
7.1
0.62
including
45.3
45.6
0.3
5.12
FS-17-004
59.1
59.3
0.2
0.47
FS-17-004
3.5
3.9
0.4
1.02
FS-17-004
9.7
10.0
0.3
0.35
FS-17-004
38.2
38.9
0.7
0.93
FS-17-004
43.7
44.5
0.8
0.66
FS-17-004
51.4
52.0
0.6
1.52
FS-17-004
82.2
82.8
0.5
1.38
The drilling at Fox South confirms that the open north end of the zone may be more prospective. Holes drilled here in 2013 returning 4.14 m @
2.62 g/t Au and 2.13 m @ 4.67 g/t Au (
Silver Range Press Release dated
August 30, 2016
).
The initial drill program at Up Town Gold confirmed the presence of shallow high-grade gold mineralization at Rod and provided a vector to
potentially higher-grade mineralization at Fox South. At Rod, a second parallel structure hosting high grade gold was intersected west of the
principal vein system.
The Up Town Gold property, adjacent to Giant Mine, hosts high grade surface gold mineralization and remains largely unexplored. Only 2 of 8
known veins and vein systems were drill tested during the initial program. None of the known gold zones have been drill tested at depth. The
results of the 2017 drill program will be integrated with recent surface mapping, geochemical sampling, airborne geophysical surveys and historic
shallow drill data to define prospective structural traps that may host significant high-grade gold mineralization either along strike or beneath the
known gold occurrences.
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.
Silver Range is a precious metals prospect generator working in the
Northwest Territories
,
Nunavut
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
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/November2017/27/c5207.html
%SEDAR: 00032028E
For further information:
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 27-NOV-17