Silver Range Resources Ltd. (TSX-V:SNG) (“Silver Range” or the “Company”) is pleased to announce recent results from an exploration program at its Alamo Property in La Paz County, Arizona. 

During May, Silver Range conducted a program of prospecting, geological mapping, soil geochemical sampling and very low frequency electromagnetic (VLF-EM) surveys at the Alamo Property.  This program was confined to the southeastern third of the property which was expanded to 20 claims during the work program.  Grab samples of specular hematite gold-copper mineralization returned assays up to 37.8 g/t Au and 19.15% Cu with 8 of 21 samples collected returning greater than 5 g/t Au and 12 of 21 samples returning more than 2% Cu.   Gold-copper mineralization is widespread, occurring in veins and breccias ranging in width from centimetres to over 1 metre, and up to tens of metres along strike.   The veins locally coalesce and form zones of black, copper-oxide-stained rubble.    

The soil geochemical survey identified a broad area of elevated gold-in-soil response coincident with known bedrock mineralization and peak analysis of 180 ppb Au.   Copper response was more focused along several mineralized trends with peak response of 649 ppm Cu.   The VLF-EM survey was conducted with the Jim Creek, WA transmitter (Station NLK) which was well coupled with the mean northwest strike of the veins and breccias known to host economic mineralization.   Five conductors were mapped, four of which are associated with known bedrock or float mineralization.

The Alamo Property area is host to detachment fault related, iron oxide copper gold (IOCG) mineralization.  The property is underlain by mid-Proterozoic gneiss and Laramide granite in the lower plate of a metamorphic core complex underlying the Harcuvar Mountains.   The rocks are cut by widespread northwest-trending veins and breccia, likely generated as ‘C’ tensional features during formation of the metamorphic core complex.  The structures host auriferous hematite-chalcopyrite-pyrite-chalcocite mineralization.   Individual veins and breccias were mined at mining operations throughout the Cunningham Pass Mining District from 1909 to 1929.   The Wenden and Critic Mines were the largest operations active during this period.  Economic mineralization at the Wenden Mine in the northeast corner of the property was reported down to a depth of 300 metres in the Barkdoll Shaft.  An October 1929 Smelter Settlement Sheet for the Wenden Mine lists a gross weight of 50 tons grading 0.5 OPT Au and 9.65% Cu.   

Silver Range is exploring the district to locate larger-tonnage IOCG mineralization where sub-cropping structures coalesce.   The Company intends to continue exploration on the property using a combination of geological, geochemical and geophysical techniques to locate mineralization under cover.  Additional work is planned for this fall.     

More information on the Alamo Property including a short video presentation may be found on Silver Range’s website at https://silverrangeresources.com/projects/southwest-us/available-for-option/alamo/

Technical information in this news release has been approved by Mike Power, M.Sc., CPG, President and CEO of Silver Range Resources Ltd. and a Qualified Person for the purposes of National Instrument 43-101.  Samples collected and reported by Silver Range herein were shipped under chain of custody to ALS Minerals facilities in Reno, Nevada for sample preparation and analysis.  At the laboratory, samples were crushed 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).  In addition, induced coupled plasma analysis for 36 elements was performed on the samples (Code ME-ICP41).  Overlimit copper analyses were re-analyzed employing a technique appropriate to samples with ore grade concentrations (ALS Code Cu-OG46).   Historic analyses and other data cited in this news release were extracted from reports in the public domain including geological reports and mining data compiled by the Arizona Department of Mines and Mineral Resources and newspaper reports.   Data cited from these sources cannot be independently verified by Silver Range.

About Silver Range

Silver Range is a precious metals prospect generator working in the Southwest United States and Northern Canada.  It has assembled a portfolio of 34 properties, 11 of which are currently optioned to others and also retains 9 royalty interests on previously-vended projects.  Silver Range is actively seeking other joint venture partners to explore the high-grade precious metals opportunities in its portfolio.

ON BEHALF OF SILVER RANGE RESOURCES LTD.

“Mike Power”

President, C.E.O. & Director

For further information concerning Silver Range or its exploration projects please contact:

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.

PDF copy of this news release