Silver Range Stakes TWO New High-Grade GOLD & Silver Projects
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 NEW HIGH-GRADE GOLD & SILVER PROJECTS
October 16, 2019 – Silver Range Resources Ltd. (TSX-V:SNG) (“Silver Range”) announces
that it has staked two high-grade intrusive-related precious metal prospects in Nevada.
Sniper Property
The Sniper Property is located on the north flank of Gold Mountain in Esmeralda County. The
property covers one of numerous small mines and prospects in the Tokop Mining District which
have produced sporadically or intermittently since 1866. Sniper appea rs to have been initially
explored with small adits and shafts prior to the 1980’s; between 1978 and 1983, these were
partially covered or obliterated by bulldozer. Gold and silver grades are quite high; in initial
sampling by Silver Range, 7 of 14 samples collected returned assays greater than 5 g/t Au and 5
of 14 samples returned assays greater than 20 g/t Au with peak value of 121 g/t Au . Silver
assays ranged from 0.2 to 1,375 g/t Ag with 3 of 14 samples assaying greater than 100 g/t Ag.
Silver Range traced mineralized veins for up to 30 m along strike in historical workings . Veins
measure up to 40 cm wide in outcrop where they occur with andesite dykes in Jurassic Sylvania
Pluton granodiorite. Ribbon-banded quartz veins carrying pyrite, galena, tetrahedrite and
secondary chrysocolla and wulfenite are present in the carapace of a Jurassic intrusion,
immediately below the contac t with overlying Precambrian Wyman formation metasediments.
The sulphide mineralization occurs in clots and locally amounts to 20% of the vein material .
Silver Range intends to commence exploration work on the property shortly with orientation
geochemical surveys followed by geophysical surveys.
Irwin Property
The Irwin Property is located in the Troy Mining District, eastern Nye County and covers a small
past-producing mine, mill and adjacent exploration prospects. The property covers three
showings developed with shafts, adits and drifting. Historical (Nevada Bureau of Mines and
Geology) and recent Silver Range sampling of these workings returned up to 7.5 g/t Au from
surface grab samples and a 40 cm chip sample of in -place vein material returned 2.22 g/t Au and
96 g/t Ag. Material from the No. 1 and No. 2 Veins was processed with a small mill in nearby
Irwin Canyon using a crusher and jig. Placer mining has been conducted in Irwin Canyon below
the bedrock mineralization. The veins are hosted in O ligocene Troy Pluton granodiorite and
overlying Precambrian Prospect Mountain Quartzite metasediments , and along a fault contact at
the nearby Mayolli Showing . The veins have been traced or developed up to 70 m along strike.
Silver Range intends to condu ct geochemical and geophysical surveys on the property to define
drill targets.
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 exploration, development and
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mining at the Sniper and Irwin Properties is based on Nevada Bureau of Mines and Geology
archive material and cannot be independently verified. At Sniper, 14 grab and chip samples
were collected, 7 of which returned assays greater than 5 g/t Au. At Irwin, 12 samples were
collected, 2 of which returned best batch assays of 2 .72 and 2.22 g/t Au. Samples collected at
both properties were secured and shipped to ALS Minerals facilities in Reno, NV for sample
preparation and to North Vancouver, BC for assays and geochemical 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). Samples assaying greater than 10 g/t Au during the
first round were also analyzed by metallic screening (ALS code Au -SCR24) and fire assayed for
gold (50 g sample).
About Silver Range Resources Ltd.
Silver Range is a high grade focused precious metals prospect generator working in Nevada and
Northern Canada. It has assembled a portfolio of 43 properties, 1 4 of which are currently
optioned to others. Silve r 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 (a s 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.