Silver Range Resources Ltd. Provides Update on Nevada Operations
Silver Range Resources Ltd. Provides Update on Nevada
Operations
VANCOUVER, BC / ACCESSWIRE / June 1, 2022 / Silver Range Resources Ltd. [TSX-
V:SNG] ("Silver Range" or the "Company") is pleased to announce that it has staked two new
projects in Nevada and to provide an operations update.
Sand Springs Property
Silver Range has staked the Sand Springs Property in Churchill County, Nevada. The property is
located 42 kilometres southeast of Fallon on BLM land with no surface impairments. It is
underlain by Triassic through Jurassic volcaniclastics, limestone and basalt. These rocks are
intruded by Cretaceous granite to granodiorite plugs and dikes which outcrop in irregular bodies
and are capped by Tertiary rhyolite and basalt. Gold associated with disseminated sulphides
appears in both stratigraphically and structurally controlled settings on the property. Pegasus
Gold drilled 12 shallow reverse circulation holes on and near the property in the late 1990s but
did not release results. Initial sampling by Silver Range returned up to 10.10 g/t gold from a 5-
foot chip sample of gossanous material in a shaft dump with 4 of 28 samples collected returning
greater than 5 g/t gold. During May, Silver Range conducted additional sampling and property
scale geological mapping; results are pending.
Ingot Property
Silver Range also staked the Ingot Property in Clark County. The property is located 23
kilometres north-northeast of Searchlight on BLM land with no surface impairments. The
property is underlain by Precambrian metasediments and Tertiary felsic volcanics. Silver occurs
in low sulphidation quartz veins, mined at a small scale at several locations on the property.
Initial grab and chip sampling by Silver Range returned up to 585 g/t silver with 7 of 15 samples
returning greater than 100 g/t silver. Silver Range intends to conduct geological mapping,
sampling and soil geochemical surveys on the property to define the extent of the system.
Nevada operations update
In late May, Silver Range completed 19 additional hand-trenches at the Cambridge Property near
Yerington in Lyon County. At Bellehelen, additional soil sampling is underway on the main BH
grid to define the limits of a large open-ended gold-in-soil anomaly. To the northwest, trenching
is planned over targets on the QA grid where quartz-adularia-gold mineralization has been found
in outcrop. Finally, work is planned on the Handsome Jack target at the Steptoe Project in White
Pine County to follow-up a significant gold-in-soil anomaly located during reconnaissance work
last fall. Results from these three projects may be available in July, contingent on assay
laboratory workloads.
Samples from Sand Springs and Ingot were secured and transported under chain of custody to
ALS Minerals facilities in Elko, Nevada for sample preparation and analysis. Rock pulps were
shipped to North Vancouver for assaying and geochemical analyses. Rock samples were
prepared by crushing to minus 2 mm and riffle-splitting a 1 kg sub-sample which was pulverized
to 75% passing a 75 mm mesh (ALS Code Prep 31D). A 5 g aliquot was analyzed by Ultra-Trace
Aqua Regia ICP-MS (ME-MS41) and a 50 g aliquot was fire assayed for gold (Au-AA26).
Samples returning overlimit silver analyses were reanalyzed with a technique appropriate to ore
grade concentrations (Ag-OG46).
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. Historical information cited in this news release was obtained from
Nevada Bureau of Mines and Geology district files and from historical publications. This
information 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 46 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"
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.
SOURCE: Silver Range Resources Ltd.