VANCOUVER, Nov. 16, 2017 /CNW/ - Silver Range Resources
Ltd. (TSX-V: SNG) ("Silver Range") is pleased to provide recent
results of a geologic mapping, hand trenching and sampling program
conducted at the Michelle Property, located in west-central
Yukon, Canada.
Property highlights to date include:
- Twenty-three known non-sulphide and sulphide zinc±lead±silver
occurrences over a 14 km by 9 km area;
- High grade zinc mineralization at all occurrences, with peak
values of 48.57% zinc, 82.78% lead, 4180 g/t
silver and 1120 ppm gallium; and,
- Best drill intercept of 16.75% zinc, 8.86% lead
and 310 g/t silver over 18.29 m.
The property lies within a belt of carbonate rocks that host
significant zinc±lead±silver deposits, including Pine Point,
Gayna River, Prairie Creek, Goz and
Blende. The Michelle Project is exceptional amongst similar
zinc-lead projects in this belt due to the high levels of silver,
gallium and indium.
During the summer 2017 field program, hand trenching in the
southwest part of the property was directed toward exposing in-situ
zinc mineralization at the Scorpion Showing, where gossanous float
had previously been identified. Chip sampling across the
floor of a hand trench returned weighted average grades of 3.51%
zinc, 8.79% lead and 34.53 g/t silver over its entire
11 m length. Concurrent geological mapping and sampling
within a 4 km by 1.2 km area, covering the Scorpion and Prairie Dog
showings, demonstrated that both occurrences are located within a
much larger belt of widespread, high grade zinc mineralization in
float and talus. Grab samples from this belt yielded a peak
value of 46.43% zinc, and 18 out of 31 grab samples returned
greater than 1% zinc.
In the northwest part of the property, mineralized float from
the Cirque Showing returned up to 30.50% zinc and 172 g/t
silver. Hand trenching, which was frustrated by a deep
talus cover, failed to reach bedrock, and the full extent of the
zinc mineralization remains unknown.
The Michelle property covers 23 high-grade zinc occurrences that
collectively point to the presence of a zinc-rich mineralizing
system with district-scale potential. Historical diamond
drilling, which concentrated on two occurrences, returned
highlights of 16.75% zinc, 8.86% lead and 310 g/t
silver over 18.29 m at the Gully Zone, and 0.55%
zinc, 15.18% lead and 2134 g/t silver over 2.96 m
at the Peak Zone (Zinccorp Press Release May
8, 2009). Work programs on the property
continue to increase the size and grade of the zinc
footprint. Silver Range believes that the numerous high-grade
zinc occurrences provide a vector to a much larger target.
Results from the 2017 program are available at
www.silverrangeresources.com.
The 2017 work program described in this press release was
conducted by Archer, Cathro & Associates (1981) Limited under
the supervision of Jack Morton,
P.Geo. A total of 64 grab samples were collected, 32 of which
returned analyses greater than 1% zinc. In addition, thirteen
hand trenches were completed and continually chip sampled,
resulting in a total of 98 chip samples. Samples were secured
and shipped in custody to ALS Minerals facilities in Whitehorse, Yukon for sample preparation, and pulps were
shipped to North Vancouver for
assay. Rock samples were analyzed by aqua regia digestion and
inductively coupled plasma-atomic emission spectroscopy
(ME-MS41). Overlimit values were determined for zinc, silver
and lead by aqua regia digestion followed by inductively coupled
plasma-atomic emission spectroscopy or atomic adsorption
spectroscopy (Zn-, Ag- and Pb-OG46).
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
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.
SOURCE Silver Range Resources Ltd.
