Silver Range Stakes TWO New High-Grade GOLD Targets IN Nevada
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 TARGETS IN NEVADA
October 30, 2018 – Silver Range Resources Ltd. (TSX-V:SNG) (“Silver Range”) announces it
has completed a fall reconnaissance program in Nevada and staked two new high grade gold
prospects.
Loner
The Loner Property is in Pershing County, 35 kilometres south of Winnemucca in the Grass
Valley. Claims cover high grade low sulphidation epithermal veins first discovered in 1906 and
mined on a small scale through the 1930’s. Heavily oxidized quartz -adularia veins, individually
up to 100 m long and from 0.5 to 2.0 m thick, form a complex more than 500 m l ong and up to
60 m wide cutting host granodiorite. Silver Range collected 8 grab samples and 4 chip samples
during initial sampling, 6 of which returned assays greater than 6 g/t Au. Grab samples assayed
up to 16.60 g/t Au and chip sample s returned up to 1.83 m @ 25.70 g/t Au . There is an
association between gold and arsenic , and Silver Range intends to explore the property with soil
sampling and trenching to define drill targets.
Black Star
The Black Star Property lies south of the Black Rock Desert, 33 kilometres east -northeast of
Gerlach in Pershing County. The showing has been explored since the 1930’s with hand -built
road construction, adits, shafts, a load -out dock and the remains of a small crushing and sorting
plant. Gold mineralization occurs in an array of north-trending quartz veins and breccias cutting
Permo-Triassic metavolcanics rocks , near a flexure in a prominent north -striking shear zone.
Individual veins in the array , some over 1 m wide, are intermittently exposed for up to 6 0 m
along strike . Silver Range collected 20 grab samples and two chip samples during initial
sampling, four of which returned assays greater than 5 g/t Au. G rab sample assays returned up to
18.95 g/t Au from waste dump material while chip sample results include 0.5 m @ 19.60 g/t Au
from the brow of an adit. Gold results from a test soil geochemical survey indicated there may
be additional veins between the exposed mineralization and shear zone flexure to the east. Silver
Range intents to conduct high fre quency electromagnetic field surveys and soil geochemical
surveys on the property to define and extend the known mineralization.
In addition to work on these projects, the fall program included examination of several other
prospects, additional sampling at Silver Range‘s Strongbox and Cold Springs properties and a
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three-dimensional induced polarization survey at Cold Springs . Results from this work are
pending.
Samples were secured and transported by the field crew to ALS Minerals facilities in Reno,
Nevada for sample preparation. Pulps were shipped to North Vancouver for assaying and
geochemical analyses. Rock samples were analyzed by Ultra -Trace Aqua Regia ICP -MS (ME-
MS41) and fire assayed for gold (30 g sample) (Au-AA25). Samples that exceeded the detection
limits of the routine methods were assayed for silver and copper by inductively coupled plasma -
atomic emission spectroscopy (Ag/Cu-OG46) and for gold by gravimetric analysis (Au-GRA21).
Soil samples were analyzed by ICP-MS (ME-MS41L).
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.
Silver Range is a precious meta ls prospect generator working in Nevada, Nunavut and the
Northwest Territories. With the addition of these new projects, Silver Range now has a portfolio
of 18 active projects in Nevada. In total, t he company has assembled a portfolio of 42
properties, 12 of which are currently optioned and being explored by partners. Silver Range is
actively seeking joint venture partners to explore the high grade precious metal targets in its
portfolio.
Additional information on Silver Range’s properties may be found on the company’s website at
www.silverrangeresources.com.
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
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exploration and other risk factors beyond its control, and actual results may differ materially
from the expected results.