VANCOUVER, May 22, 2018 /CNW/ - Silver Range Resources
Ltd. (TSX-V:SNG) ("Silver Range") announces that in April,
geological mapping, sampling and geochemical surveys were completed
at the Yuge property in Humboldt County, Nevada. The results
from this work are pending. The Yuge property is under option to
Trifecta Gold Ltd. and hosts high grade gold drill intercepts below
shallow historical mine workings.
Silver Range is currently completing a reconnaissance program on
targets elsewhere in Nevada. The reconnaissance program is
being carried out by two crews investigating targets with reported
high-grade (> 5 g/t Au) gold mineralization. Results from
this program should be available by the end of June.
In Nunavut, an exploration
program is scheduled to begin in July covering prospective
stratigraphy including Meso-Archean conglomerate-hosted, high grade
gold occurrences similar in style to that found in Australia's Pilbara region by NOVO Resources
Corp. A compilation of historical geological mapping and
sampling by the Geological Survey of Canada, the NWT Geoscience Office and the
Nunavut Geoscience Office has identified a 120 kilometre long
favourable rock unit with gold occurrences similar in style to that
found at Silver Range's Tree River project.
Previous work by BHP Billiton and Strongbow Exploration at Tree
River was successful in identifying a 4.8 kilometre-long, 2.7 to
2.9 billion year old quartz pebble conglomerate particularly
enriched in gold. Assessment reports filed by BHP and
Strongbow document local occurrences of high grade gold returning
grab samples up to 142 g/t Au and channel samples up to
0.35 m @ 63.15 g/t Au with a
number of locations returning grab samples in excess of 1 g/t
Au.
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 also announces that effective May 15, 2018, Thomas P.
Beaudoin resigned as a company director. The board and
management of Silver Range wish to thank Mr. Beaudoin for his
service and contributions to the company over his tenure as a
director.
Silver Range is a precious metals prospect generator working in
Nunavut, Nevada and the Northwest Territories.
The company has assembled a portfolio of 39 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.
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.
