Silver Range Resources Ltd.
20.7.2021 13:32:18 CEST | ACCESS Newswire | Press release
VANCOUVER, BC / ACCESSWIRE / July 20, 2021 / Silver Range Resources Ltd. (TSXV:SNG) ("Silver Range" or the "Company") is pleased to provide an update on Nevada field operations and a corporate update.
During March through June, Silver Range staked two new projects; completed reconnaissance work near the Gold Chief Property and the recently expanded Steptoe Project; and conducted exploration programs at the Strongbox Property and the Cambridge Project.
New projects
The Silver Mountain Property is located in Esmeralda County, approximately 57 kilometres (km) south of Goldfield and near the Nevada-California border. The property covers two silver prospects covering deep epithermal to mesothermal veins hosted in Sylvania Pluton granitic rocks. Each was mined on a small scale. The Gulch Showing consists of a vertical vein traced in numerous workings over a strike-length of 375 m. The mineralization at this showing is high grade, returning grab sample analyses up to 3,270 g/t Ag with 4 of 8 samples collected returning analyses greater than 900 g/t Ag. At the Old Cabin Showing, a mile to the southwest, mineralization is an unusual sequence of numerous stacked, tabular extensional quartz veins exposed over more than 30 m up a small ridge. Grab samples from this zone returned up to 394 g/t Ag. A total of 31 samples were collected at Silver Mountain with 10 of these returning analyses greater than 200 g/t Ag.
The Chestnut Mine Property is located approximately 8 km east of Gabbs in Nye County. The prospect consists of several adits along an east-west striking structure hosting quartz vein mineralization and a zone of highly altered andesite of the Permian Pablo Formation. Hematite boxworks after pyrite and jarosite have been noted in both the veins and wallrock. Grab samples from this prospect returned up to 44.6 g/t Au with 5 of 11 samples returning greater than 5 g/t Au. The prospect is in an area of poor bedrock exposure. A test soil survey indicated that soil geochemical surveys might be an effective means of tracing out the extent of sub-cropping mineralization.
Reconnaissance projects
Silver Range conducted a regional stream sediment program, centred on the Cobalt Canyon Stock, near Caliente in Lincoln County. Strong regional-scale phyllic and silicic alteration haloes concentrically surround the stock and the survey was designed to locate potential associated gold mineralization. A total of 105 stream sediment samples were collected from arroyos surrounding the intrusion, immediately below the lower limit of the alteration haloes. The survey conclusively indicates that the locus of gold response in the Chief Mountain area is centred on Silver Range's Gold Chief Property and provides new impetus to conduct additional exploration on this drill-ready target.
Silver Range completed a regional stream sediment program at its recently expanded Steptoe Project in the Egan Range, White Pine County. The Steptoe Project, which includes the Company's Stinson Property, is a sediment-hosted gold target located in the Eastern Carbonate Trend which hosts the Long Canyon and Kinsley Mountain deposits. The Steptoe Project consists of 7 claim blocks covering 8 prospects or small mines in a 47 square kilometre area of interest, south of the Eocene Steptoe Pluton. A total of 133 stream sediment surveys have been collected in the project area to date. Rock sampling incidental to the program on Silver Range claims returned up to 5,240 g/t Ag and 24.6 g/t Au from 6 samples with 3 samples returning better than 2 g/t Au.
Property exploration
Silver Range conducted a soil geochemical sampling program at its wholly-owned Strongbox Property in Esmeralda County. A total of 243 samples were collected in a covered area between the East Side Mine in Tule Canyon and exposed mineralization in hills, 900 metres to the east. This exposed mineralization had returned grab samples up to 15.6 g/t Au while sampling of underground workings at the East Side Mine had returned up to 27.6 g/t Au. Results from the geochemical soil survey are pending.
In addition, Silver Range conducted a detailed geochemical soil sample survey at the Cambridge Project in Lyon County. This project is a joint venture between Silver Range and Auburn Gold Mining LLC. Mineralization at the Cambridge Project appears to be mesothermal in character and is hosted in a network of linear structures traced by geophysical surveys and geologic mapping. At the Cambridge Mine and Price Lode prospects, high grade ore shoots sub-crop beneath thin overburden. An orientation soil geochemical survey over known mineralization in the fall of 2020 indicated that soil geochemistry might provide the most effective means of directly detecting mineralized shoots in this setting. The orientation survey indicated that close-spaced sampling along structures could effectively target known bedrock mineralization, particularly if enhanced with Principal Component Analysis. In May, Silver Range collected 532 samples on short, close-spaced lines centred on structures defined by airborne geophysics and geologic mapping. Results from this survey are pending and will be used to identify trenching targets for follow-up later this season.
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.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. Samples were secured and transported under chain of custody to ALS Minerals facilities in Reno, Nevada for sample preparation and analysis. Rock sample preparation included crushing a 1 kg subsample to 85% passing -75 mm (Code Prep 31D). Aliquots extracted from the subsample were analyzed by Ultra-Trace Aqua Regia ICP-MS (Code ME-MS41) and fire assayed for gold (50 g sample) (Code Au-AA26). Samples returning overlimit lead and silver analyses were reanalyzed with techniques appropriate to ore grade concentrations (Codes Pb-OG46, Ag-OG46).
Corporate update
Silver Range has granted 300,000 options to purchase Company shares at $0.21 per share, expiring July 11, 2026, to technical consultants to the Company.
About Silver Range Resources Ltd.
Silver Range is a precious metals prospect generator working in Nevada and Northern Canada. It has assembled a portfolio of 47 properties, of which nine are currently under option to others and three have been converted to royalty interests. Silver Range is actively seeking joint venture partners to explore the high-grade precious metals targets in its portfolio.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
"Michael A. Power"
President and Chief Executive Officer
For further information concerning Silver Range or its exploration projects please contact:
Investor Inquiries
Richard Drechsler
Vice-President, Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@silverrangeresources.com
http://www.silverrangeresources.com
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.
View source version on accesswire.com:
https://www.accesswire.com/656163/Silver-Range-Resources-Ltd-Provides-an-Update-on-Nevada-Field-Operations
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Karbon-X Announces Strategic Partnership to Evaluate Kenya BioHub Initiative8.7.2026 15:00:00 CEST | Press release
Company to conduct feasibility assessment for integrated land restoration and renewable energy initiative as part of its strategy to expand its international climate project development pipeline. CALGARY, AB / ACCESS Newswire / July 8, 2026 / Karbon-X Corp. (OTCQB:KARX) ("Karbon-X" or the "Company"), a vertically integrated climate solutions company delivering end-to-end services across global carbon markets and climate infrastructure, today announced a strategic partnership with REGID International ("REGID") to jointly evaluate the Kenya BioHub Initiative, an integrated climate infrastructure program designed to restore degraded land, produce sustainable biomass, and support industrial decarbonization in Kenya. The partnership reflects Karbon-X's disciplined approach to identifying, evaluating, and selectively advancing climate infrastructure opportunities with long-term development potential as part of its strategy to expand its international project development pipeline. The Kenya B
Frame Security Launches KnowBetter as AI Reshapes Social Engineering8.7.2026 14:00:00 CEST | Press release
AI Is Rewriting the Social Engineering Playbook. Security Awareness Training Hasn't Caught Up. Organizations must KnowBetter. NEW YORK CITY, NY / ACCESS Newswire / July 8, 2026 / Security teams have spent two decades training employees to spot a familiar set of red flags: a suspicious link, a misspelled domain, an urgent request for a wire transfer. That approach is now colliding with an attacker toolkit that has changed faster than most awareness programs have. Generative AI has made it possible to clone a voice from a few seconds of audio, generate a passable deepfake video in minutes, and write a phishing email tailored to a specific employee's role, manager, and recent LinkedIn activity. Vishing calls, smishing texts, and video-based impersonation are now standard components of enterprise social engineering campaigns, not edge cases. "Most organizations are still training people to recognize threats from five years ago," said Tal Shlomo, co-founder and CEO of Frame Security, a huma
GoodData.AI Brings Governed Agentic Analytics to Regulated Enterprises Across DACH8.7.2026 13:05:00 CEST | Press release
GoodData.AI lets regulated enterprises in Germany, Austria, and Switzerland build and govern AI agents that support business processes, while maintaining full control over where AI runs and what data it can access. SAN FRANCISCO, CA / ACCESS Newswire / July 8, 2026 / GoodData.AI, an open agentic analytics platform with nearly two decades of analytics experience, today announced an expanded investment in the DACH region, bringing governed agentic analytics to regulated enterprises across Germany, Austria, and Switzerland. Many regulated enterprises have held off on production AI because outputs can't be traced back to approved business logic. GoodData.AI's platform addresses that directly: agents stay on a process over time, drafting and updating reports, analyses, and recommendations as new data comes in, while every output stays grounded in logic the company has already approved and can show an auditor on request. The EU AI Act has introduced some of the most comprehensive AI governan
Polaris Announces Execution of Mixed Investment Agreement for the Three Mexico Projects7.7.2026 13:50:00 CEST | Press release
TORONTO, ON / ACCESS Newswire / July 7, 2026 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris" or the "Company") is pleased to announce that, further to its press release dated June 8, 2026, it has reached another important milestone in the development of its three renewable energy projects selected under Mexico's Comisión Federal de Electricidad ("CFE") Mixed Development Program (the "Mixed Program"). On July 3, 2026, Polaris, through its Mexican project structure, executed the Mixed Investment Agreement (Contrato de Inversión Mixta or "CIM") with the fiduciary trustee, Banca Mifel, S.A., Institucion de Banca Multiple, Grupo Financiero Mifel, acting on behalf of CFE. The CIM establishes the contractual 30-year framework governing the joint participation of Polaris and CFE in the development, financing, construction, ownership and operation of the three selected projects, including the applicable governance, economic and corporate arrangements. The CIM includes the key information a
Oxford University Press Comes to Simply Piano7.7.2026 10:00:00 CEST | Press release
Content from OUP's acclaimed piano method is now available to millions of Simply Piano learners worldwide NEW YORK, NY / ACCESS Newswire / July 7, 2026 / Simply, the leading digital platform for creative hobbies, today announced an agreement to bring content from Oxford University Press' (OUP) piano method to Simply Piano. This expands Simply Piano's offering and marks a step forward in its mission to make the pursuit of creative hobbies simple and fun for all. Simply Piano users around the world will gain access to an expanded library of high-quality, curated sheet music spanning OUP's works including Piano Time and Tunes for Ten Fingers, all within the app's interactive learning environment. The integration expands Simply Piano's sheet music library across genres, complementing its step-by-step courses and real-time feedback tools. "Access to songs people love is one of the strongest drivers of learning," said Yuval Kaminka, CEO & co-founder of Simply. "Working with OUP allows us to
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom