Silver Range Stakes East Goldfield Property
Suite 1016 – 510 West Hastings Street
Vancouver, B.C. V6B 1L8
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
SILVER RANGE STAKES EAST GOLDFIELD PROPERTY
January 21, 2020 – Silver Range Resources Ltd. (TSX-V:SNG) (“Silver Range”) announces
that is has staked the East Goldfield Property in the Goldfield Mining District.
The East Goldfield Pro perty is located 12 kilometres east of Goldfield, adjacent to claims
comprising the Gemfield Project, currently being developed by a subsidiary of Waterton Global
Resource Management. Nearby deposits include the Goldfield Main Deposit (4.2 M oz Au), the
Gemfield Deposit (600 K oz Au) and the McMahon Ridge Deposit (199 K oz Au).
The East Goldfield Pro perty consists of 69 Federal Lode claims staked over a highly -altered
linear structural feeder to the circular fracture system that localizes gold deposits in the Goldfield
Mining District. The claims cover a highly -altered, enigmatic br eccia unit in the core of the
linear fracture system. High sulphidation epithermal gold mineralization occurs on the claims in
vuggy quartz ledges with peripheral quartz -alunite alteration. The Tom Keane Mine, located on
the southern portion of the prope rty, is the most significant showing in the area. It was
developed prior to 1931 to a depth of 500 feet on four levels. Small undocumented lease
production occurred during this period. A 1935 evaluation report cited assays of 3.04 m@ 4.11
g/t Au from the 200-foot level and 11.6 m @ 2.88 g/t Au from the 300-foot level. Metallic Gold
Ventures Ltd. drilled ten holes in the immediate area of the Tom Keane Mine in 2003 , reporting
intersections in 9 holes with the best intersections being 4.57 m @ 8.2 3 g/t Au and 44.21 m @
1.03 g/t Au. Surface grab samples at the Tom Keane Mine collected by Silver Range assayed up
to 0.85 g/t Au and grab samples collected from vuggy quartz ledges elsewhere on the property
returned up to 0.25 g/t Au. These relatively low-grade surface sample s are consistent with
historic results which indicate higher grade gold mineralization is blind to surface.
Prior to staking, Silver Range conducted stream sediment and soil geochemical surveys in a 4 km
by 3 km target area, now covered by the claims. T his sampling delineated a region of elevated
response in gold, arsenic, bismuth and copper , coincident with the axis of the structural corridor
and the breccia unit. The breccia is composed of sub -angular to sub-rounded clasts of Milltown
Andesite and Goldfield Dacite in a matrix of iron oxide and clays. While mapped as a landslide
unit by the United States Geological Survey , these rocks show all the characteristics of a
hydrothermal breccia. Silver Range believes that both the breccia unit and regolith at the base
of the Milltown Andesite underlying the property area are prospective to host a high sulphidation
gold deposit of significant size. Silver Range intends to explore the East Goldfield Property with
airborne and ground geophysical surveys, alteration mapping, detailed geological mapping and
systematic panel sampling of the extensive system of fracture -controlled vuggy quartz ledges
found on the property.
On January 22 & 23, Silver Range will be presenting the East Gol dfield Property together with
other projects in its large property portfolio at the Roundup 2020 Prospect Generator Hub.
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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. Information concerning historical exploratio n, development and
mining at East Goldfield is based on Nevada Bureau of Mines and Geology archive material and
on press releases, website summaries and National Instrument 43-101 technical reports issued by
Gemfield Resources Ltd. and Metallic Gold Ventur es Ltd. The data in these sources c annot be
independently verified. Samples collected at the East Goldfield Property were secured and
shipped to ALS Minerals facilities in Reno, NV for sample preparation and to North Vancouver,
BC for assays and geochemi cal analyses. Rock samples were analyzed by Ultra -Trace Aqua
Regia ICP-MS (ALS code ME -MS41) and fire assayed for gold (30 g sample) (ALS code Au -
AA25).
About Silver Range Resources Ltd.
Silver Range is a high grade focused precious metals prospec t generator working in Nevada and
Northern Canada. It has assembled a portfolio of 4 3 properties, 1 3 of which are currently
optioned to partner companies. Silver Range is actively seeking other joint venture partners to
explore the high precious metal targets in its portfolio.
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 results may differ materially
from the expected results.