Silver Range Resources Ltd. Announces Results from Surface Sampling Program at the Cambridge Project in Lyon County, NV
January 20, 2023 at 01:37 pm
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Silver Range Resources Ltd. announced results from a surface sampling program at the Cambridge Project in Lyon County, NV. During late November 2022, a two-person crew sampled the prospective area south of the Cambridge Mine. Grab samples were collected from float, outcrop and dump piles. Best results were 93.8, 41.4 and 16.4 g/t Au from small shaft dump samples. A total of 18 samples were collected of which 8 returned analyses greater than 5 g/t Au. Silver, up to 265 g/t Ag, copper up to 1.64% and lead up to 9.24% occurs with the higher-grade gold samples. The mineralization
appears to be mesothermal in character, similar to that found at the Cambridge Mine. The Cambridge Project covers numerous historical shafts and adits dating back to the 1860s, including the Cambridge Mine that was once owned by Henry Blasdel, Nevada's first state governor. At that time Mr. Blasdel shipped approximately 10,000 tons of ore grading about 0.3 ounces per ton to a nearby mill on the Walker River for processing. Despite its long history and the abundance of visible gold specimens Silver Range has not found any evidence of modern exploration prior to the Company's acquisition of the Project. Silver Range and JV partner Auburn Gold Mining LLC have consolidated the heart of the historical Cambridge Mine and surrounding
mineral showings and are actively seeking a partner to advance this Project. Silver Range will showcase the Cambridge Project and other high-grade gold and silver opportunities in the AME Roundup Prospect Generator Hub on January 23, 2023 and January 24, 2023. Results from the sampling program summarized herein will be shown there. Samples were secured and transported under chain of custody to ALS Minerals facilities in Reno,
Nevada for sample preparation and analysis. At the laboratory, samples were crushed to progressively to < 2 mm (ALS Code CR-32) and a 1 kg aliquot was pulverized to 85% passing a 75 mm mesh (Code PUL-32). A 50 g subsample was then fire assayed with an atomic absorption finish (Code Au-AA26). A near-overlimit gold assay was check by gravimetric fire assay (Code Au-OG46). In addition, induced coupled plasma analysis for 35 elements was performed on the samples (Code ME-ICP41). Overlimit silver analyses were re-analyzed using a gravimetric method (Code Ag-OG46).
Silver Range Resources Ltd. is a Canada-based mineral exploration company. The Companyâs mineral property interests include various mineral properties located in the Yukon Territory, Northwest Territories and Nunavut in Canada and in Nevada, United States. The Companyâs projects include Mel and Barb, Michelle, Silver Range, Cabin Lake royalty interest, Uptown Gold property option, South Kitikmeot property option, East Goldfield property, Hannapah and other. The Mel and Barb projects are located in the Watson Lake Mining District, Yukon Territory. The Michelle property is located in the Dawson and Mayo Mining Districts, Yukon Territory. The Silver Range project is located in the Whitehorse Mining District, Yukon Territory, which includes the JRV claims and the BP4 claim. The Cabin Lake property is located in the Northwest Territories. The South Kitikmeot project is located in Nunavut, Canada, which comprises the Bling, Esker Lake, Goldbugs, Hiqiniq, Ujaraq, Uist and Qannituq properties.
SILVER RANGE RESOURCES LTD. 