Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) has announced results from a surface sampling program at its Cambridge Project in Nevada’s Lyon County, including the best samples that revealed 93.8, 41.4 and 16.4 grams per ton (g/t) gold from small shaft dump samples.
The company said a two-person crew sampled the prospective area south of the Cambridge mine in late November 2022, with grab samples collected from float, outcrop and dump piles.
A total of 18 samples were collected, of which eight returned analyses greater than 5 g/t gold. Up to 265 g/t silver, copper up to 1.64% and lead up to 9.24% occurs with the higher-grade gold samples, Silver Range said, adding that the mineralization appears to be mesothermal in character, similar to that found at the Cambridge Mine.
READ: Silver Range Resources undertakes new capital raise; reveals 2023 exploration plans in southwestern US
“The Cambridge Project covers numerous historical shafts and adits dating back to the 1860s, including the Cambridge Mine that was once owned by Henry Blasdel, Nevada’s first state governor,” Silver Range explained.” At that time Mr Blasdel shipped approximately 10,000 tons of ore grading about 0.3 ounces per ton to a nearby mill on the Walker River for processing.”
Despite its long history and the abundance of visible gold specimens, Silver Range said it has not found any evidence of modern exploration before its acquisition of the project.
Silver Range and joint-venture partner Auburn Gold Mining LLC have consolidated the heart of the historical Cambridge Mine and surrounding mineral showings and are actively seeking a partner to advance this project, the company added.
Silver Range said it will showcase the Cambridge Project and other high-grade gold and silver opportunities in the AME Roundup Prospect Generator Hub on January 23 and 24, including results from the sampling program.
Vancouver-based Silver Range is a precious metals prospect generator working in Nevada and Northern Canada. It has a portfolio of 45 properties, 13 of which are currently optioned to others.
Four other properties have been converted to royalty interests. Silver Range is actively seeking other joint venture partners to explore the high-grade precious metals targets in its portfolio.
Contact the author at stephen.gunnion@proactiveinvestors.com