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News Releases

Silver Range Resources Ltd. Purchases Silver-Gold Claims in Yukon

September 2, 2011

September 2, 2011 – Silver Range Resources Ltd. (TSX-V: SNG) (Silver Range or “the Company”) is pleased to announce that it has agreed to purchase 13 mineral claims (“JRV claims”) from an arms-length private company. The JRV claims are surrounded by claims that have been staked by Silver Range. They are located in the core of the Snap Zone, which lies in the southeastern part of the Company’s wholly owned Keg property about 20 km northeast of Faro in southern Yukon. 

The Snap Zone consists of silver and gold-bearing chalcedonic quartz veins and breccias that are hosted by altered granite of the Mid-Cretaceous Anvil Batholith. The area of mineralized vein float and associated soil geochemical anomalies is 10 km long and up to 3 km wide. Mineralized rock specimens typically grade between 0.5 and 10 g/t gold with 20 to 500 g/t silver. The best historical trench samples returned 6.5 g/t gold and 786.0 g/t silver over 1 m and 2.12 g/t gold and 384.7 g/t silver across 4 m. Assays from 2011 exploration on Silver Range’s claims in the Snap Zone are pending. No work has been done in 2011 on the JRV claims. 

The Keg property is being explored for bulk tonnage deposits. The Snap Zone is distinguished from other known zones on the property by its granite host rocks, higher gold contents and lower zinc and copper values on average. Similarities to the other zones include the structural controls on mineralization and high silver, lead and tin contents. The primary focus of the Company’s 2011 exploration program is the Keg Main Zone located 25 km northwest of the Snap Zone. 

Under terms of a purchase agreement dated for reference August 29, 2011, Silver Range has agreed to acquire a 100% interest in the JRV claims in return for $100,000 cash, 100,000 Silver Range common shares and 100,000 Silver Range warrants, each of which will entitle the vendor to purchase another Silver Range share at a price of $1.39 until December 31, 2013. The purchase agreement is subject to regulatory acceptance. The vendor will retain a 2% net smelter return (“NSR”) royalty on any future production of precious metals from the JRV claims and a 1% NSR royalty on production of other metals. One-half of the NSR royalty on precious metals can be purchased by Silver Range for $1,500,000. 

Work at the Silver Range Project is being conducted by Archer, Cathro & Associates (1981) Limited. Bernhardt Augsten, P. Geo, has reviewed this news release and is the qualified person for purposes of National Instrument 43-101. 


“W. Douglas Eaton” 

President and Chief Executive Officer 

Corporate Information 

Silver Range Resources Ltd. 
W. Douglas Eaton 
President and C.E.O. 
Tel: (604) 688-2568 

Silver Range Resources Ltd. 
Bruce A. Youngman 
Tel: (604) 687-2522 

Investor Inquiries 

Richard Drechsler 
Corporate Communications 
Tel: (604) 687-2522 
NA Toll-Free: (888) 688-2522 

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.

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