Silver Range Resources Ltd (CVE:SNG) (OTCMKTS:SLRRF) (FRA:8SR) has provided an update on recent work at the Cambridge Project in the Walker Lane of western Nevada.
The company said grab samples returned assays from trace to 80 grams per ton (g/t) gold with the best assay result returned from the North Trend, about one kilometre (km) north of the mine.
Also, Silver Range said chip samples were collected across trenched vein exposures near the Cambridge Mine, with the best samples returning 0.75 meters (m) at 12.75 g/t gold and 0.5m at 9.72 g/t gold.
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In March, the company conducted a rock sampling program in the area of the Cambridge Mine in the eastern portion of the Cambridge Property.
Work focused along the 950m-long Cambridge Mine trend and along a separate trend to the north (North Trend). Grab and chip samples were collected from waste dumps and vein exposures in old workings.
The Cambridge Project is located 33km south of Yerington. Gold was first discovered in the area in the 1860s and intermittent mining at the Cambridge Mine was reported between 1878 and 1942.
The property is underlain by Cretaceous quartz monzonite with local thin Tertiary volcanic cover rocks. The quartz monzonite is cut by north trending, steeply-dipping faults or shears hosting mesothermal gold mineralization in quartz veins. The veins contain coarse-grained, ribbon banded white quartz together with pyrite, galena, pyrrhotite, chalcopyrite, lesser tetrahedrite, and amorphous black sulphides in disseminations and clots.
Silver Range noted that quartz vein material in dumps at the Cambridge Mine locally contains visible gold. Silver from trace to 274 g/t gold is associated with gold mineralization. There are three known gold zones on the property -- the Cambridge Mine, Price Lode, and North Trends -- which have an aggregate strike length of around 2,700m. Mineralization has been traced to a depth of 137m in workings at the Cambridge Mine.
The company said a total of 32 rock samples were collected during the program, 15 of which returned assays greater than 5 g/t gold. Samples were secured and transported under chain of custody to ALS Minerals facilities in Reno, Nevada for sample preparation and analysis.
Silver Range said it and partner Auburn Gold Mining LLC intend to conduct soil sampling, geological mapping, geophysical surveys, and trenching later this year to identify drill targets.
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