Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) has reported that recent exploration at its Bellehelen property in Nye County, Nevada had uncovered high grade gold and silver.
Between May and October last year, the company carried out mapping, prospecting, sampling and soil surveys at the project, with prospecting identifying two new quartz vein occurrences in the northern part of the project, which returned 10.85 grams per ton (g/t) gold and 148 g/t silver and 8.89 g/t gold and 609 g/t silver respectively.
Meanwhile, soil sampling was conducted on two grids. At the BH Grid, centred on the area of the Ben Hur mine, results mapped a kilometre-long gold-in-soil anomaly defined by samples greater than 100 parts per billion (ppb) gold. The anomaly is open on-strike in both directions.
At the QA grid, scattered gold-in-soil analyses were recorded with peak soil responses of 331 ppb gold and 1.04 parts per million (ppm) silver. High mercury responses were also noted on this grid.
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Silver Range also said that 47 grab and chip rock samples were collected during the program, returning values ranging from trace to 10.85 g/t gold with two samples greater than 5 g/t of the yellow metal
There was also between 0.2 g/t and 609 g/t silver with two samples greater than 400 g/t silver, noted the company.
A total of 464 soil samples were collected during the program. Soil response ranged from 0.2 to 3,350 ppb gold with 21 samples greater than 100 ppb gold and from 0.022 to 168 ppm silver with 12 samples greater than 2 ppm Ag," it added.
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 under option to others.
Contact the author at giles@proactiveinvestors.com