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Silver Range Defines a New, Large Undrilled Target at Cold Springs Project, Nevada
VANCOUVER, BC / ACCESSWIRE / October 31, 2018 / Silver Range Resources Ltd. (TSX-V: SNG) ("S...
About this update from Silver Range Resources Ltd.
[{"type":"text","content":"Silver Range Defines a New, Large Undrilled Target at Cold Springs Project, NevadaVANCOUVER, BC / ACCESSWIRE / October 31, 2018 / Silver Range Resources Ltd. (TSX-V: SNG) (\"Silver Range\") is pleased toprovide an update on geological mapping, sampling and geophysical surveys recentlycompleted at its Cold Springs Property in Churchill County, Nevada.This work confirmed that the exposed high-gradegold & silver mineralization is on the periphery of a larger epithermal system,down-dropped to the west across a range front fault.Geophysical surveys over this down-faultedblock mapped a vertically persistent bedrock resistivity low beneath alluvialcover.This feature is interpreted to bean argillic envelope surrounding the basement source of the hydrothermalsystem.A video presentation describingthis new drill target can be found on Silver Range's website and here.Geological mapping, sampling & drillcompilationIn early 2018, SilverRange purchased historical drill data, underground mapping and sample resultscollected at Cold Springs from 1981 through 1990 and constructed a drill database including all 47 drill holes completed to date on the property.In July, a geological mapping and samplingprogram was conducted.A total of 26rock samples were collected, 2 of which assayed greater than 5 g/t Au and 11 ofwhich returned greater than 1 g/t Au.Agrab sample of quartz containing grey banding yielded the peak assay of 12.9 g/t Au. Silver assays ranged as high as 687 g/t Ag from a specimen of similarmaterial, with 9 of 26 samples returning assays greater than 31 g/t Ag.Cold Springs isunderlain by generally west-dipping rhyodacitic crystal through lithic-crystaltuff, capped by a maroon lithic tuff breccia. This assemblage is exposed on a central hill bounded to the west by anorth-striking normal range front fault, which has dropped the host assemblagedown-dip to the west.Gold mineralizationwas introduced in two phases of silicification, both confined to the cappinglithic tuff breccia and uppermost lithic-crystal tuff.The earlier phase of silicification consistsof widespread, pervasive, centimeter-scale quartz veining and silica floodingof permeable matrix.This style ofmineralization contains sub-economic gold and silver, averaging 0.113 g/t Auand 2.81 g/t Ag where thoroughly drill tested in the centre of the property byprevious operators.Th...