Silver Range Resources Ltd. samples up to 63 g/t gold in trenching at the Cambridge 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. samples up to 63 g/t gold in trenching at the Cambridge Project.
Vancouver, B.C., May 17, 2022 – Silver Range Resources Ltd. [TSX-V:SNG] (“Silver Range” or the “Company”) is
pleased to provide an update on recent work at the Cambridge Project in the Walker Lane, western Nevada. The
Cambridge Project is a joint-venture between Silver Range and Auburn Gold Mining LLC (“Auburn”).
A total of 10 hand trenches were excavated and sampled in March 2022 on the Price Lode Trend (TR22-01 to TR22-05)
and at the Cambridge Mine (TR22-06 to TR22-10). Best assay results included 3.2 m @ 14.65 g/t Au in TR22-10 and
1.5 m @ 14.73 g/t Au in TR22-05. A grab sample collected just above basal regolith in TR22 -02 assayed 63.1 g/t Au
and 117 g/t Ag. Significant results are tabulated below.
Trench
Origin Azimuth
Total
length Interval Au Ag Notes
UTME UTMN (UTM) (m) (m) (g/t) (g/t)
TR22-
02 324190 4284303 90 24.30 4.00 0.33 0.40
Grab collected at 1.1 m depth assayed 63.1 g/t
Au & 117 g/t Ag
TR22-
03 324179 4284937 85 13.30 10.30 0.22 0.14
TR22-
04 324182 4284945 110 7.20 3.70 1.29 0.30
TR22-
05 324183 4284960 90 6.30 1.50 14.73 4.48
Including 0.60 36.20 10.60
TR22-
06 325275 4284055 34 2.40 0.20 0.43 0.50
TR22-
08 325261 4284060 32 2.30 2.30 1.11 2.14
TR22-
09 325250 4284074 96 3.40 3.40 0.13 2.90 Along strike sample
TR22-
10 325247 4284088 89 3.20 3.20 14.65 1.93 Central 1.3 m filled with mine waste
Including 0.90 36.80 1.90 West shoulder sample
Including 1.00 13.60 2.90 East shoulder sample
Silver Range intends to continue hand -trenching in stages to locate the tops of mineralized gold -bearing shoots along
the three major structures well-defined by soil chemical and geophysical surveys. On this project, detailed soil sampling
in areas of thin cover has proven particularly successful in defining the mineralized bedrock structures. There is a large
unexplored area between the western Price Lode and eastern Cambridge Mine and North Zone trends. Silver Range
plans to conduct closely -spaced soil geochemical sampling along widely spaced reconnaissance lines between the two
trends to determine if additional, hitherto undetected structures lie between them.
2
The Cambridge Project is located 33 km south of Yerington in Lyon County, NV. Gold was first discovered in the area
in the 1860’s and intermittent mining at the Cambridge Mine is reported between 1878 and 1942. The property is
underlain by Cretaceous quartz monzonite with local thin Tertiary volcanic cover rocks. The quartz monzonite is cut by
north-trending, steeply-dipping faults or shears hosting mesothermal gold mineralization in quartz veins. The veins
contain coarse grained, ribbon -banded white quartz together with pyrite, galena, pyrrhotite, chalcopyrite, lesser
3
tetrahedrite and amorphous black sulphides in disseminations and clots. Quartz vein material in dumps at the Cambridge
Mine locally contains visible gold. Silver from trace to 274 g/t Ag is associated with the gold mineralization. There are
three known gold zones on the property – the Cambridge Mine, Price Lode and North Trends – which have an aggregate
strike length of approximately 2,700 metres. Mineralization has been traced to a depth of 137 metres (450 feet) in
workings at the Cambridge Mine.
A total of 76 tre nch chip samples and 1 grab sample were collected during the program, 4 of which returned analyses
greater than 5 g/t Au. Blanks and duplicates were inserted in every batch of 20 samples. Samples were secured and
transported under chain of custody to ALS Minerals facilities in Reno, Nevada for sample preparation and analysis. At
the laboratory, samples were crushed to progressively to < 2 mm (ALS Code CR-32) and a 1 kg aliquot was pulverized
to 85% passing a 75 m mesh (Code PUL -32). A 50 g subsample was then fire assayed with an atomic absorption
finish (Code Au-AA26). In addition, induced coupled plasma analysis for 35 elements was performed on the samples
(Code ME-ICP41). Overlimit silver analyses were re-analyzed using a gravimetric method (Code 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 re lease 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 44 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 join t 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.