Silver Range Stakes TWO Projects IN Arizona and Provides Corporate Update
Suite 510 – 110 Melville Street
Vancouver, B.C. V6E 4A6
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
SILVER RANGE STAKES TWO PROJECTS IN ARIZONA AND PROVIDES
CORPORATE UPDATE
June 22, 2023 – Silver Range Resources Ltd. (TSX-V:SNG) (“Silver Range” or the “Company”)
is pleased to provide an update on exploration work in Arizona, partner activity and property option
developments.
In May, Silver Range staked and conducted preliminary exploration on two targets identified by
reconnaissance work in Arizona.
Chloride Property
The Chloride Property is located in Mohave County near the town of Chloride in the Wallapai
Mining District. It covers the northwestern extension of the Tennessee Mine, one of the two
principal mines in the district. Initial grab sampling by Silver Range returned analyses up to 18.75
g/t Au, 764 g/t Ag, 11.6% Zn and 2.35% Pb from dump material at the Elkhart, Dardanelles and
Argyll Mines. These small past producers are found along a 1500 m long structural extension of
the Tennessee Mine vein system. At Chloride, a total of 27 samples were collected, 4 of which
returned assays greater than 5 g/t Au. Silver Range intends to conduct detailed geological
mapping, grid soil sampling and geophysical surveys to identify targets for subsequent trenching
and drill testing.
Crosby Property
The Crosby Property is located 67 km west of Prescott in Yavapai County. The property covers
the small past producing Crosby Mine, an underground mining operation which saw intermittent
production from 1906 to 1931. Known historical development on the pr operty includes a 107 m
inclined shaft and systematic development along strike for 100 m to a depth of 50 m. A 10-stamp
mill was operated on the property prior to 1931. Preliminary sampling by Silver Range returned
dump and chip samples assaying up to 22.8 g/t Au with 5 of 27 samples returning assays greater
than 5 g/t Au. Silver Range intends to conduct geochemical and geophysical surveys on the
property to locate drill & trenching targets.
South Kitikmeot Gold Property drill results
Silver Range optioned the South Kitikmeot Gold Property (“SKGP”) to Viridis Mining & Minerals
Limited (“Varidis”) in October 2021 ( Silver Range News Release dated August 19, 2021 ). On
June 6, 2023, Viridis released results from a 7 hole / 764 m initial drill program at the Esker Lake
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Property, one of the seven projects in the SKGP . ( Viridis Mining & Metals News Release dated
June 6, 2023). Viridis reported that 5 of the 7 holes intersected gold greater than 1 g/t Au. The
seven properties comprising the SKGP cover the known significant gold occurrences between the
Lupin Gold Mine at Contwoyto Lake and the Goose Lake Project, currently under development
by B2 Gold Corp.
Option activity
On May 26, Silver Range concluded two amendments to letters of intent (“LOIs”) signed with
Green Gold LLC (“Green Gold”) granting Green Gold options on the East Goldfield and Tule
Canyon Properties (Silver Range News Release dated April 28, 2023). These amendments extend
the deadline to conclude definitive agreements on both properties to September 30, 2023 in return
for consideration of U$20,000 (East Goldfield) and U$11,000 (Tule Canyon), payable by June 30,
2023. All other terms of the original LOIs remain in effect.
Samples were secured and transported under chain of custody to ALS Minerals facilities in Reno,
Nevada for sample preparation and analysis. At the laboratory, samples were crushed to
progressively to < 2 mm (ALS Code CR -32) and a 1 kg aliquot was pulverized to 85% passing a
75 mm mesh (Code PUL-32). A 50 g subsample was then fire assayed with an atomic absorption
finish (Code Au -AA26). In addition, induced coupled plasma analysis for 35 elements was
performed on the samples (Code ME-ICP41). Overlimit silver analyses were re-analyzed using a
gravimetric method (Code Ag-OG46). Overlimit copper, zinc and lead analyses were re-analyzed
using aqua regia digestion and ICP-MS employing procedures appropriate to high grade samples
(ALS Codes Cu-OG46, Zn-OG46 and Pb-OG46).
Technical information in this news release pertaining to the Chloride and Crosby Proper ties has
been approved by Mike Power, M.Sc., CPG, 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 metals prospect generator working in the Southwest United States and
Northern Canada. It has assembled a portfolio of 47 properties, of which 15 are currently under
option to others. Four other properties have been converted to royalty interests. Silver Range is
actively seeking other joint ve nture partners to explore the high -grade precious metals 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
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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.