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Silver Range stakes Pilbara-style gold target in Nunavut
Silver Range stakes Pilbara-style gold target in Nunavut Canada NewsWire VANCOUV...
About this update from Silver Range Resources Ltd.
[{"type":"text","content":"\n\n\n\nSilver Range stakes Pilbara-style gold target in Nunavut\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 13, 2018\n\n\n\nVANCOUVER, Feb. 13, 2018 /CNW/ - Silver Range Resources Ltd. (TSX-V:SNG) (\"Silver Range\") is pleased to announce that it has been awarded prospecting permits covering an Archean conglomerate-hosted (Pilbara style) high grade gold target in Nunavut with historical grab samples up to 142 g/t gold.  \n\nMineralization at the Tree River property is similar in age, setting and style to gold mineralization recently discovered by Novo Resources in the Pilbara district of Australia:\n\n\nGold is hosted in a regionally extensive shallow marine conglomerate.\nThe host conglomerate is dated between 2,940 and 2,700 Ma based on detrital zircons in proximal sediments, placing it in the favourable time window for the \"Great Gold Deposition Event\" (Q. Hennigh, 2016).\nPods of high grade gold mineralization are present within a much larger envelope of lower grade material. \nCarbonaceous seams parallel to bedding are locally abundant.\nPyrite is abundant and a significant proportion is reported to be rounded and detrital in origin.\n\nThe Tree River property is located 155 kilometres southeast of the coastal community of Kugluktuk and consists of three prospecting permits covering 39,250 hectares.  Gold mineralization was discovered in the area by BHP Billiton (\"BHP\") in the early 1990's and the district was explored by BHP and Strongbow Exploration Inc. from 1992 through 2007.  Gold is hosted in two Archean conglomerate beds overlying mafic volcanics.  The uppermost quartz pebble conglomerate (QPC) has a mapped strike length of 4.8 km and is from 15 to 20 m thick.  The conglomerate is grain supported with pyrite and carbonaceous matter in the matrix.  Pyrite is ubiquitous ranging from a background of 1-2% to from 5-25% in lenses within the conglomerate.  Arsenopyrite, stibnite and sphalerite are reported to occur with pyrite.  The QPC is particularly enriched in gold wit...