Silver Range Resources Ltd (CVE:SNG) (OTCMKTS:SLRRF) (FRA:8SR) updated investors on exploration last year at its two wholly-owned Stinson and Lucky Boy properties in Nevada, US.
At the Stinson project in White Pine County, Silver Range said it defined a 47 square kilometres (sq km) area of interest and staked four additional claim blocks covering the known gold showings last fall.
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Notably, initial grab sampling of dump material collected during staking returned up to 9.99 grams per ton (g/t) gold. Also, sediment sampling at the mouth of drainages was completed during the work program. Systematic fine fraction stream sediment sampling will be completed throughout the area of interest during the coming season, the company said.
Meanwhile, at the Lucky Boy high-grade silver prospect in Pershing County, last fall, the company collected 247 soil samples and carried out geological mapping and additional rock sampling.
"Work to date has defined a series of mapped and inferred east to east-northeast trending faults cutting the granodioritic host rocks on the property. These faults locally contain quartz-chalcopyrite-galena-pyrite bearing veins, up to 1.8m wide and traced for 200m near the Lucky Boy mine," the company said.
At Lucky Boy, 14 grab samples were collected. Silver values ranged between 0.5 and 302 g/t silver with two of them returning values greater than 100 g/t silver. No gold values in excess of 5 g/t gold were returned from the Lucky Boy rock samples.
Silver Range is a prospect generator working in Nevada and Northern Canada. It has a portfolio of 44 properties, ten of which are currently under option to others and one, which has converted to a paying royalty interest.
Silver Range is actively seeking other joint venture partners to explore its portfolio's high-grade precious metals targets.
Contact the author at giles@proactiveinvestors.com