Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) has provided promising results from a recent exploration program at its Roughrider property in Esmeralda County, Nevada.
In February this year, Silver Range expanded the Roughrider property, staking claims to the south to cover additional historical workings. The company revealed that reconnaissance sampling in the area returned up to 1,420 grams per ton (g/t) silver (Ag) and 2.97 g/t gold (Au) from grab samples collected at old workings.
Historical workings at Roughrider date back to at least 1907 and are described in a 1974 Sunshine Mining Company report, but to date, Silver Range has found no evidence of drilling on the property.
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In September 2020, Silver Range conducted a short geologic mapping, rock, and soil sampling program at Roughrider to investigate high-grade silver mineralization on the property. Grab samples from spill piles and a muck sample at the base of a raise on the main host shear returned assays ranging from 50.9 g/t silver to 995 g/t silver.
The company said mineralization on the property is found in shear zones cutting Jurassic Sylvania Pluton granodiorite. Shears in the fault system contain white to green clay together with quartz veinlets, limonite, hematite and notable yellow-green pyromorphite, mimetite or freedite. Silver and gold mineralization appear with Pb-Cu-As oxides, said the company.
The structure has been explored with adits, shafts, and open cuts along its length. At the northeast end of the structure, a cut was taken out with a bulldozer where a vein ran along a hillside slope and apparently trucked, stacked, and leached in a small leach pad below the hillside. A composite grab sample of mineralized material from this leach pad returned 801 g/t Ag and 8.09 g/t Au.
A soil geochemical survey was conducted over the exposed mineralization and inferred strike extent in the northern portion of the property. The silver and gold in soil responses suggest that the main shear extends to the WSW under cover to the limit of the grid.
In addition, weak anomalous gold response extends across the 600m grid and stronger silver response extends for 500m along the grid, truncated to the east. The geochemical responses are coincident with the known mineralization and suggest that host shear zone may extend further to the WSW and likely links up with larger structures in the southern section of the property, said the company.
A total of 12 grab and chip rock samples were collected during the 2021 program. They returned gold values ranging from trace to 8.09 g/t Au with one sample greater than 5 g/t Au and from 0.8 to 955 g/t Ag with 4 samples greater than 100 g/t Ag.
Silver Range is a precious metals prospect generator working in Nevada and Northern Canada. It has assembled a portfolio of 45 properties, 13 of which are currently under option to others.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
Follow her on Twitter: @UttaraProactive
