VANCOUVER, British Columbia / ACCESSWIRE / June 22, 2023 / Silver Range Resources Co., Ltd. (TSXV:SNG) (“Silver Range” or “Company”) is pleased to provide updates on exploration operations, partner activities and development of real estate options in Arizona.
In May, SilverRange conducted a preliminary exploration bet on two targets identified by reconnaissance operations in Arizona.
Chloride properties
The Chloride Property is located in Mojave County near the town of Chloride in the Hualapai Mining District. It covers the northwest extension of the Tennessee Mine, one of the two main mines in the area. Initial grab sampling with Silver Range returned the following analyses: 18.75 g/t gold, 764 g/t silver, 11.6% Zn and 2.35% Pb from the Elkhart, Dardanelles and Argyle mine wastes. These small past producers are found along a 1500 meter long structural extension of the Tennessee mine system. A total of 27 samples were collected at Chloride, 4 of which analyzed above 5 g/t Au. SilverRange will conduct detailed geological mapping, grid soil sampling and geophysical surveys to identify targets for subsequent trenching and drilling tests.
crosby property
The Crosby Property is located 40 miles west of Prescott in Yavapai County. The site contains a small glimpse into the Crosby Mine, an underground mining operation with intermittent production from 1906 to 1931. Known historical developments within the site include a 107m ramp and systematic development along strike from 100m to 50m deep. Prior to 1931, a 10-stamp mill operated on the site. Preliminary sampling by Silver Range returned dump and tip samples, 22.8 g/t gold Assay results greater than 5 g/t Au were obtained in 5 of the 27 samples. Silver Range will conduct geochemical and geophysical surveys at the site to identify drilling and trench targets.
Minami Kitikumeoto Gold Mine Drilling Results
Silver Range has optioned the South Kittykmeot Gold Property (“SKGP”) to Viridis Mining & Minerals Limited (“Varidis”) in October 2021 (Silver Range News Release August 19, 2021). On 6 June 2023, Viridis announced the results of the initial 7-hole/764m drilling program at the Esker Lake property, one of SKGP’s seven projects. (Viridis Mining & Metals News Release (June 6, 2023)). Viridis reported that five of the seven holes he intersected with over 1 g/t Au. His seven assets that make up SKGP cover significant gold sources known between the Lupine Gold Mine on Lake Contuwito and the Goose Lake Project currently under development by B2 Gold Corporation.
Optional activity
On May 26, Silver Range entered into two amendments to its signed Letter of Intent (“LOI”) with Greengold LLC (“Greengold”), granting Greengold options to properties in East Goldfields and Tour Canyon. Granted (Silver Range News Release April 28, 2023). These amendments will extend the deadline for payment of US$20,000 (East Goldfields) and US$11,000 (Tule Canyon) to 30 June 2023 to enter into final agreements for both properties. . All other terms of the original LOI remain valid.
Samples were safely stored and shipped under custody to the ALS Minerals facility in Reno, NV for sample preparation and analysis. In the laboratory, samples were progressively ground to less than 2 mm (ALS code CR-32) and 1 kg aliquots were ground to 85% and passed through a 75 mm mesh (code PUL-32). A subsample of 50 g was then fire analyzed by atomic absorption finishing (code Au-AA26). Additionally, an inductively coupled plasma analysis of 35 elements was performed on the sample (code ME-ICP41). Over-limit silver analysis was reanalyzed using a gravimetric method (Code Ag-OG46). Analyzes of copper, zinc, and lead exceeding limits were re-analyzed using: aqua regia Digestion and ICP-MS employing procedures suitable for high-quality samples (ALS codes Cu-OG46, Zn-OG46, and Pb-OG46).
The technical information in this news release regarding the properties of chlorides and Crosby is provided by M. Sc, President and Chief Executive Officer (CPG) of Silver Range Resources Ltd and qualified for purposes of National Instrument 43-101. , endorsed by Mike Power, CPG.
Silver Range is a prospective generation company of precious metals operating in the southwestern United States and northern Canada. The company has built a portfolio of 47 properties, 15 of which are currently options to other companies. His four other assets were converted into royalty interests. SilverRange is actively seeking other joint venture partners to explore high grade precious metal targets in their portfolio.
On behalf of Silver Range Resources Co., Ltd.
“Mic Power”
Representative Director, President, CEO and Director
For more information regarding the Silver Range or its exploration projects, please contact:
Investor inquiry
Richard Drexler
Vice President of Communications
Phone: (604) 687-2522
NA Toll Free: (888) 688-2522
This email address is being protected from spambots. JavaScript must be enabled to view.
http://www.silverrangeresources.com
Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.
This news release may contain forward-looking statements that are based on management’s assumptions and judgments regarding future events or results, which may not be appropriate as a result of exploration or other risk factors beyond its control. may prove to be accurate and actual results may differ materially from anticipated results.
