Silver Range Resources Ltd. samples high grade gold and silver at the Bellehelen Property, central Nevada.
Silver Range Resources Ltd. samples high grade gold and silver at the Bellehelen Property, central
Nevada.
Vancouver, B.C., March 3, 2022 – Silver Range Resources Ltd. [TSX-V:SNG] (“Silver Range” or the “Company”)
is pleased to provide results from a recent exploration programs at the Bellehelen Property (“Bellehelen”) in Nye County,
NV.
Between May and October 2021, Silver Range conducted geologic mapping, prospecting, sampling and soil geochemical
surveys at Bellehelen. Prospecting identified two new structurally controlled, low sulphidation quartz vein occurrences
in the northern portion of the property returning 10.85 g/t Au and 148 g/t Ag; and 8.89 g/t Au and 609 g/t Ag respectively.
A different style of mineralization, analogous to the nearby Silicon Project, and potentially hosting much larger gold
endowment was discovered in the northern portion of the property where quartz-adularia flooded pyroclastic rocks return
0.622 g/t from a chip panel sample (QA Showing). At a second location on trend in pyritized, quartz-flooded pyroclastic
rocks, an overlooked historic grab sample returned 0.744 g/t from dump material at a shallow shaft.
Soil sampling was conducted on two grids using 100 m spaced lines with samples spaced 25 m apart. At the BH Grid,
centred on the area of the Ben Hur Mine, soil sample results mapped a kilometre-long gold-in-soil anomaly defined by
samples greater than 100 ppb Au. The anomaly is open on-strike in both directions. Peak soil response on this grid was
3.53 ppm Au and 168 ppm Ag. At the QA grid, centred on the eponymous showing, scattered gold-in-soil analyses were
recorded with peak soil responses of 331 ppb Au and 1.04 ppm Ag. High mercu ry responses were also noted on this
grid.
Airborne total magnetic field surveys; short wave infrared (SWIR) alteration and geologic mapping; and portable X-ray
fluorescence (pXRF) lithogeochemical analyses identified two subordinate craters within the larger Bellehelen Caldera.
The Ben Hur Crater, defined by aeromagnetic surveys and structural geologic mapping, contains the Ben Hur Mine and
associated showings. The BH soil grid is also within this feature. Higher temperature, lower pH alteration minera ls
were identified in this crater by SWIR analysis of pumice clasts in host pyroclastic rocks. Rocks with higher temperature
clay minerals defined by crystallinity index and rocks with pumice fragments showing higher Rb/Sr ratios are found
along the central axis of the Bellehelen Caldera, suggesting that heat flow and mineralization may be localized along
this axis.
An updated video presentation on results to date at Bellehelen may be found at
https://silverrangeresources.com/projects/nevada/bellehelen/.
A total of 47 grab and chip rock samples were collected during the program and returned gold values ranging from trace
to 10.85 g/t Au with two samples greater than 5 g/t Au and from 0. 2 to 609 g/t Ag with 2 samples greater than 400 g/t
Ag. A total of 464 soil samples were collected during the program. Soil response ranged from 0.2 to 3,350 ppb Au with
21 samples greater than 100 ppb Au and from 0.022 to 168 ppm Ag with 12 samples greater than 2 ppm Ag. Samples
were secured and transported under chain of custody to ALS Minerals facilities in Reno, Nevada for sample preparation
and analysis. Rock pulps were shipped to North Vancouver for assaying and geochemical analyses. At the laboratory,
soil samples were screened to -180 m and a 50 g aliquot was analyzed for 41 elements with induced coupled plasma
mass spectrometry (ICP-MS). ALS documents a 0.1 ppb Au detection limit for this technique. Overlimit soil samples
(> 1.00 ppm Au) were re -analyzed with ALS procedure Au-AROR44. Rock samples were anal yzed by Ultra -Trace
Aqua Regia ICP -MS (ME-MS41) and fire assayed for gold ( 50 g sample) (Au -AA26). Samples returning overlimit
silver analyses were reanalyzed with a technique appropriate to ore grade concentrations (Ag-OG46).
Technical information in th is 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.
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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, 13 of which are currently under option to others. Four projects 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.