Silver Range Resources Ltd. options the Bellehelen Project.
Suite 510 – 1100 Melville Street
Vancouver, B.C. V6E 4A6
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
Silver Range Resources Ltd. options the Bellehelen Project.
Vancouver, B.C., August 31, 2022 – Silver Range Resources Ltd. [TSX-V:SNG] (“Silver Range” or the “Company”)
is pleased to announce that it has optioned its Bellehelen Project in Central Nevada.
Silver Range has signed a Letter of Intent (“LOI”) to option the Bellehelen Project to a private British Columbia
company. Terms of the LOI include: (i) $300,000 in cash payments and 200,000 shares payments over four years; (ii) a
2% net smelter return buyable down to 1% for $1,000,000; and (iii) a US $2 per ounce (gold-equivalent) payment on
any defined resource. The private company is also required to complete a listing on a Canadian stock exchange by May
30, 2023. A formal option agreement will be completed within 45 days.
Bellehelen Project
The Bellehelen Project is a low sulphidation epithermal silver -gold prospect consisting of 90 Federal Lode Claims,
approximately 70 km east of Tonopah. The claims cover most of the histor ic Bellehelen Mining District. Silver and
gold were discovered in the Bellehelen Mining District around 1904. The area saw limited production from 1909 to
1927 and sporadic production during the 1930s. Total district production is estimated at 311,000 o unces silver -
equivalent. Silver Range acquired the project in 2016 and since then has conducted prospecting, sampling, soil
geochemical surveys, an airborne geophysical survey, and limited hand-trenching.
Mineralization in the Bellehelen district is cen tred on the regional -scale northwest-striking Bellehelen Fault Zone, a
segment of the larger Kawich-Toiyabe Lineament. The latter is a significant focus for precious metal mineralization in
Central Nevada. The project area is underlain by early Miocene rhyolitic ash flow tuff and megabreccia deposited in the
Bellehelen Caldera centred the Bellehelen Fault Zone. Mineralization likely occurred following crater -collapse driven
by hydrothermal circulation along master faults beneath the caldera. At the Ajax and Ben Hur Mines and at numerous
other showings on the property, gold and silver occurs in fracture zones and sheeted quartz veinlets. This material has
returned grab sample assays up to 11.25 g/t Au and 1,490 g/t Ag. Extensive gold-in-soil anomalies up to 1,300 m long
are associated with this structurally -controlled style of mineralization. In addition, stratabound disseminated quartz -
adularia gold mineralization has been found in sparsely exposed lithic ash tuff on the margins of the Bellehelen Caldera.
Rock samples of this material have returned up to 0.744 g/t Au.
Technical information in this news release has been approved by Mike Power, M.Sc., CPG, President and CEO of Silver
Range Resources Ltd. and a Qualified Person for the purposes of Nati onal Instrument 43-101. Historical information
on the Bellehelen Mining District was summarized from documents in the Nevada Bureau of Mines and Geology District
Files and published reports. These cannot be independently verified by Silver Range.
About Silver Range Resources Ltd.
Silver Range is a precious metals prospect generator working in Nevada and Northern Canada. It has assembled a
portfolio of 45 properties, of which 13 are currently under option to others. Four other properties have been converted
to royalty interests. Silver Range is actively seeking other joint venture partners to explore the high -grade precious
metals targets in its portfolio.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
“Michael A. Power”
2
President and Chief Executive Officer
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.