Under option to Mercury Exploration Nevada Inc., see news release dated Oct. 22, 2019. The Hannapah Property is located 28 kilometres east of Tonopah in Nye County. It is readily accessible from Highway 6 via an extensive network of four-wheel drive roads. The property covers the Richardson Mine, reportedly the principal producer in the Hannapah Mining District, together with several adjacent prospects. Mineralization in the mining district was discovered around 1902 and the district produced until 1935. In recent years, the immediate property area has been explored by Wolfpack Gold, Pilot Gold, Kinross and Seabridge Gold.
The property is underlain by Oligocene tuff and subsidiary rhyolite which are cut by west-northwest trending faults hosting silver – gold epithermal mineralization in veins and stockworks. While the Hannapah Fault is the controlling structure in the area, epithermal mineralization is widespread – occurring along parallel structures up to several hundred metres from the master fault. Initial sampling by Silver Range returned composite grab samples analyses up to 568 g/t Ag and 1.01 g/t Aufrom dump material at the Richardson Mine. This is comparable to analyses reported for ore shipped from the Richardson Mine which ran from 500 to 600 g/t Ag and 1-2 g/t Au. Peripheral altered rhyolite northeast of the Richardson Mine returned grab samples up to 2.42 g/t Au and 301 g/t Ag. A total of 20 samples were collected during Silver Range’s initial sampling program with 5 samples returning gold analyses greater than 0.5 g/t Au and 7 samples returning silver analyses greater than 50 g/t Ag.