Silver Range Resources Ltd.

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Quartzite

  • 10 structurally hosted gold showings within a 9 km trend
  • Historical samples grade up to 132 g/t gold

The Quartzite Project is near Kaminak Lake, 130 km SW of Rankin Inlet. Access is by fixed wing float or ski equipped aircraft from Rankin Inlet to either Happotiyik or Quartzite Lakes.

The project area is underlain by east-west striking mafic volcanic rocks intruded by a large gabbro body to the north. The rheology contrast between the gabbro and the relatively ductile mafic metavolcanic rocks has created a setting favourable for structurally hosted lode-gold mineralization. The Quartzite Project covers 10 known gold occurrences in three separate areas over 9 km along the contact.

West End

The West End Zone covers two showings, DI-94-5019 and Kaminak 2. These consist of quartz-carbonate veins cross-cutting felsic to intermediate flows, breccia and tuffs at the west end of the gabbroic intrusion. The veins carry gold with galena and pyrite and returned historical assays of up to 17.3 g/t Au in sampling by government geologists. Confirmatory sampling during 2016 returned grab sample results up to 27.3 g/t Au.

Eva Lake

The Eva Lake Zone covers widespread and numerous occurrences of gold-bearing carbonate altered metavolcanics float, grouped into six documented occurrences. Gold is associated with galena-chalcopyrite-pyrite in quartz-carbonate quartz veins. Historical sampling from this area has returned best results of 132 g/t Au. Confirmatory sampling during 2016 returned assay results up to 26.2 g/t Au. 

Joan Lake

At Joan Lake, pyrite-bearing quartz veins in carbonate altered mafic metavolcanics returned historical assay values of up to 17.8 g/t Au. Confirmatory sampling during 2016 returned best results of 9.53 g/t Au.

The area was staked and explored by Noble Peak Resources during the 1990’s. A helicopter-borne electromagnetic and magnetic field survey was conducted over much of the project area during this program and briefly followed up with prospecting but none of the targets on or near the property have been drilled.

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