The Loner Property is located in Pershing County, 35 km south of Winnemucca and covers a series of shafts, adits, trenches and open stopes driven on quartz veins in host granitic rocks near Washoke Canyon.
Mineralization at Loner was likely discovered by C. F. Carpenter who recorded the first claims in 1906. A small two-stamp mill was erected in the area in 1915 and shipments totaling 30 tons of hand-cobbed ore grading 2.5 OPT Au and 15 OPT Ag were recorded in 1933 and 1934 by L.E. Case. Another shipment of 37.5 tons of raw ore grading 0.38 OPT Au was made in 1935. NBMG records indicate the deepest shaft on the property is 90 feet and there were approximately 1000 feet of underground workings. Since 1986, the property has been staked by Newmont Mining (1986-1988), Santa Fe Pacific (1986-1988), St. Joe American Corp. (1987-2000) and a number of private companies. The property was restaked by Silver Range Resources in 2018 and subsequently explored with a soil geochemical survey in 2019.
The Loner Property is underlain by Jurassic granodiorite and small roof pendants of older metamorphosed andesite and argillites. At the principle showings, the granodiorite is cut by a series of WNW to NW striking, NE dipping quartz-adularia-clay veins from 0.5 to 2.0 m wide. In the southeastern portion of the claims, the veins contain trace to weakly disseminated sulphides whereas to the northwest, another vein system contains heavy concentrations of arsenical marcasite and pyrite. With the exception of the shaft dump mineralization at the northwest showing, all other recovered vein material recovered is heavily oxidized to black, orange and yellow wad. The exposed mineralization is notably high grade; 6 of 8 samples recovered from the workings during reconnaissance returned assays greater than 6.0 g/t Au. Best grab sample results were 16.60 g/t Au from a select waste dump specimen and the best channel sample returned 1.83 m @ 25.7 g/t Au from the brow of an adit in the main mine workings. Mineralized specimens also returned high values of arsenic (to 4240 ppm As) and anomalous values of phosphorus (to 1020 ppm P).
Silver Range intents to conduct high frequency electromagnetic field surveys and additional soil geochemical surveys on the property to define and extend the known mineralization. This would be followed by trenching to define drill targets.