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Silver Range Resources: Exploration Programs Underway in Nevada
VANCOUVER, BC--(Marketwired - May 23, 2017) - Silver Range Resources Ltd. (TSX VENTURE: SNG) ("Silver Range") is pleased to provide an update on exploration pro
About this update from Silver Range Resources Ltd.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - May 23, 2017) - Silver Range Resources Ltd. (TSX VENTURE: SNG) (\"Silver Range\") is pleased to provide an update on exploration programs underway in Nevada. In early April, Silver Range mobilized geological crews to explore six properties and conduct a reconnaissance project. Following completion in early May, a geophysical crew was mobilized to complete surveys on five properties. This work is being conducted on the following projects: Gold Chief Gold Chief is a structurally controlled, carbonate-hosted gold target north of Caliente in eastern Nevada. Documented historical production from the Gold Chief Mine on the property includes 5225 t @ 6.18 g/t Au (1913-1914). Recent sampling by Silver Range of wall rock in a collapsed stope returned 4 m @ 1.93 g/t Au including 1 m @ 4.58 g/t Au. Silver Range conducted additional sampling, hyperspectral alteration mapping and soil geochemical surveys in April and in June will conduct a three dimensional (3D) induced polarization (IP) survey over 2 km of favourable structure and stratigraphy centred on the Gold Chief Mine. The survey is designed to detect additional sulphide mineralization along the Stampede Detachment Fault and an associated lateral ramp fault. Skylight Skylight is in the Royston Hills, 60 kilometres northwest of Tonopah in central Nevada. The property is underlain by mid-Tertiary silicic ash flow tuffs and ignimbrites and Triassic metasediments and is centred on four large silica caps covering an area of 700 metres (m) by 450 m. Historical surface sampling in the area by Rimfire Minerals Corporation and Newmont Mining reportedly returned surface gold samples to 2.04 g/t Au. The property was drilled in 2007 with 4 of 7 holes reportedly intersecting \"anomalous gold and silver\" and a best announced intersection of 1.766 g/t Au over 3.05 m. Silver Range conducted mapping, sampling and hyperspectral alteration mapping on the property in April and will conduct a 3D IP survey centred on the silica caps in June. The objective of this work is to locate prospective targets by defining the architecture of the epithermal system. Strongbox Strongbox is located north of Beatty near the California - Nevada border. The property covers widespread orogenic or intrusion related, structurally controlled mineralization centred on Tule Canyon, a past-producing...