Silver Range Resources Ltd (CVE:SNG) (OTCMKTS:SLRRF) (FRA:8SR) revealed new bedrock sampling results from its Loner property in Nevada that included values of up to 10.6 grams per ton (g/t) gold.
The Vancouver-based project generator recently completed geophysical and geochemical surveys at the property, which consists of 16 claims covering historic workings in Pershing County.
Bedrock sampling to date at the property has returned values of up to 16.6 g/t gold, while chip sampling in old workings assayed up to 25.7 g/t over 1.8 metres (m) in 2018.
READ: Silver Range Resources completes exploration program at its high-grade Legal Tender silver property in Nevada
Silver Range also completed a soil geochemical survey over a 1,100 by 400m grid centred on historic workings and exposed mineralization, which identified a strong gold-in-soil anomaly that extends to the edges of the grid in three directions.
Additional surveys identified a series of steeply-dipping bedrock conductors associated with the exposed mineralization and second-order total magnetic field lows.
Further work on the property will include expanding the existing soil grid to pinpoint the limits of the gold anomaly and trenching to define the vein arrays at historic workings, Silver Range told shareholders.
Silver Range has 43 properties in Nevada and northern Canada in its portfolio, 11 of which are under option to other companies.
Contact Angela at angela@proactiveinvestors.com
Follow her on Twitter @AHarmantas