Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) told investors it has acquired a new high-grade gold property in Esmeralda County, Nevada after staking the South Weepah property.
The precious metals prospect generator noted that South Weepah — 5.5 kilometres south of the Weepah mine and 39 kilometres northeast of Silver Peak — is centred on an east-northeast-trending fault zone cutting silicified Tertiary rhyolite and Cambrian basement rocks. Historical samples collected from workings along this 800-metre-long feature returned up to 30.9 grams per tonne (g/t) gold.
Silver Range said the project was generated from archival research of proprietary exploration data it purchased. Sample results are pending from recent staking at the property and it intends to conduct geological mapping, alteration mineral mapping, additional rock sampling, soil sampling and VLF-EM (very-low-frequency electromagnetic) surveys to identify drill targets on the property.
Conferences
The company also announced it will be exhibiting projects in the core shack at the American Exploration and Mining Association annual general meeting in Reno from December 6 to December 8, 2023.
In addition, it will be exhibiting at the Vancouver Resources Investment Conference from January 21-22, 2024, and at the Association for Mineral Exploration Roundup in the prospect generators hub from January 24-25, 2024).
Silver Range is a precious metals prospect generator working in Nevada, Arizona and Northern Canada. It has assembled a portfolio of 44 properties, 14 of which are currently optioned to others. Four other projects 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