Silver Range Stakes TWO Large, High Grade GOLD Targets IN Nunavut
Suite 1016 – 510 West Hastings Street
Vancouver, B.C. V6B 1L8
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
SILVER RANGE STAKES TWO LARGE, HIGH GRADE GOLD TARGETS IN
NUNAVUT
March 20, 2017 – Silver Range Resources Ltd. (TSX-V:SNG) (“S ilver Range ”) announces
that it has staked two highly prospective gold targets - Yandle and Noomut - located in the
emerging Ennadai-Rankin Greenstone Belt, host to Agnico Eagle’s Meliadine Deposit.
The Yandle property covers two NUMIN showings (Yandle and Aruat) which were explored by
Comaplex Resources Ltd. (“Comaplex”) and Cumberland Resources Ltd. from the early 1990’s
until 2002. Numerous historical grab samples grading up to 16 g/t Au were collected from a
zone of arsenopyrite and pyrite bearing schist developed along the contact between Archean
mafic and intermediate volcanic rocks. The zone is 4.5 kilometres long, up to 100 m wide, and
is the most extensive alteration zone documented by Comaplex in this portion of the Ennadai
Rankin Greenstone Belt. Best reported historical grab sample analyses along the contact zone
were 25 g/t Au at Yandle and 59 g/t Au at Aruat. Comaplex completed airborne and ground
geophysical surveys, and detailed prospecting and mapping over a wide area prior to drilling
their portion of the zone in 2002. The 9 hole drill program initially targeted sulphide horizons in
the overlying rhyolitic volcanics. These returned low gold valu es and Comaplex then switched
their attention to the contact zone where they intersected 3 m @ 11 g/t Au . The property was
subsequently optioned to Placer Dome who drilled at Yandle in 2003. A total of 12 drill ho les
(1,766 meters) were completed in the Yandle area with the only reported results being 1.25 m @
17.5 g/t Au and 2.8 m @ 2.5 g/t Au from separate zones in a single hole. The Aruat Zone
remains un -drilled. Placer Dome allowed their option to drop and Comaplex conducted no
further work in the area as they refocused their corporate efforts on the Meliadine Deposit near
Rankin Inlet, currently being developed by Agnico Eagle Mines Ltd.
The Noomut Property is 15 km south west of Yandle and covers a 1.9-kilometre-long zone of
gold mineralization which has returned historical surface grab samples to 89 g/t Au. Comaplex
discovered the River West and River North showings on this trend in 1994 and 1995, sampling
quartz veins and disseminated sulphides developed within oxide facies iron formation hosted in
volcaniclastic metasedimentary rocks. Ground magnetic field surveys were subsequently
conducted to map the iron formation but no further work was performed.
Silver Range intends to conduct community consultations in the Kivalliq region this spring and
apply for land use permits to conduct drill programs at the Hard Cash and Yandle Properties
thereafter.
Silver Range is a precious metals prospect generator working in Nunavut , the Northwest
Territories and Nevada. The company is actively seeking joint venture partners to explore the
assets in its portfolio.
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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.
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.