Silver Range Review and Update.
Suite 1016 – 510 West Hastings Street
Vancouver, B.C. V6B 1L8
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
SILVER RANGE REVIEW AND UPDATE.
January 17, 2017 – Silver Range Resources Ltd. (TSX-V:SNG) (“Silver Range”) is pleased to
provide a review of 2016 activities and 2017 plans.
In March 2016, Silver Range announced a change in business strategy , reconfiguring the
Company as a precious metals prospect generator focused on Northern Canada and Nevada –
politically stable jurisdictions known to host large high grade gold deposits . Since June, the
Company has acquired 25 projects in the NWT, Nunavut a nd Nevada and has optioned-out two
projects. “In the year ahead, we expect to add more high grade gold prospects to our portfolio
but our main objective will be finding partners for our projects ,” states Mike Power, President
and CEO of Silver Range. “ We believe that our focus on high grade mineralization will ensure
that our projects are attractive regardless of market conditions.”
The most important developments during 2016 include the following:
Western Nunavut: Silver Range has assembled a strategic ground position covering multiple
targets between the Lupin Mine and Sabina Gold and Silver’s (TSX:SBB) Back River Project.
Exploration at the Uist Project, adjacent to Sabina’s Back River Project , defined a 1.6 km long
zone of discontinuously mineralized iron formation with best grab sample results of 64.3 g/t Au.
Ennadai-Rankin Greenstone Belt: Staking of the Quartzite Project , southwest of Rankin Inlet
where Agnico Eagle Mines Ltd. (TSX:AEM) is developing the Meliadine Mine, was followed -
up by prospecting which returned a grab sample that graded 27.3 g/t Au . Exploration at the
Hard Cash Project, located at the western end of the belt, outlined a 3.4 km long trend of gold
mineralization, which includes; a 1,400 m long float train where the b est sample returned 116 g/t
Au, and a new bedrock showing where a grab sample returned 11.45 g/t Au.
Yellowknife Gold Belt : The Up Town Gold Project, located adjacent to the past producing
Giant Mine and TerraX Minerals Inc.’s (TSX -V:TXR) Yellowknife City Gold Project , was
upgraded to drill -ready with the completion of property wide geochemical and airborne
geophysical surveys and the discovery of two new gold veins. The project was optioned-out and
a first phase drill program in 2017 will be funded by partner Rover Metals.
Nevada sampling and staking at:
The Rand Property following t he identification of intrusive -hosted high grade copper /
gold mineralization which returned best analyses of 35.5 g/t Au and 4.59% Cu.
The Gold Chief Project in Lincoln County which covers carbonate breccia hosted gold
returned 13 m @ 1.05 g/t Au, including 3.0 m @ 2.83 g/t Au, from chip sampling.
2
The Strongbox Property in Esmeralda County where grab samples graded to 27.2 g/t Au
from a large structurally controlled system.
The Stinson Pro ject in White Pine County that includes carbonate and quartzite hosted
gold mineralization with grab sample assays to 51.2 g/t Au.
The Cold Springs Project in Churchill County which returned peak grab sample values of
20.5 g/t Au and 1,770 g/t Ag from this large low sulphidation epithermal system.
5 other projects in Nevada to date following a 9-week program last fall. Final results will
be released following additional staking.
In 2017, Silver Range intends to seek partners for its many projects. It will also continue to build
the Company by advancing existing projects to the drill stage and acquiring additional promising
targets at low cost.
Silver Range will be exhibiting at the Vancouver Resource Investment Conference on January 22
– 23 in booth 327.
Technical information in this news release has been approved by Mike Power, M.Sc., P.Geo.,
President and CEO of Silver Range Resour ces Ltd. a nd a Qualified Person for the purposes of
National Instrument 43-101.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
“Mike Power”
President, C.E.O. & Director
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 r esults may differ materially
from the expected results.