Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) said ten hand trenches were excavated and sampled in March this year on the Price Lode trend at the Cambridge project in western Nevada, USA.
The property is a joint venture between the company and Auburn Gold Mining LLC.
The best assays included 3.2 metres (m) at 14.65 grams per ton (g/t) gold in one trench and 1.5 m at 14.73 g/t gold in another.
Another grab sample assayed 63.1 g/t gold and 117 g/t silver.
Silver Range intends to continue hand-trenching in stages to locate the tops of mineralized gold-bearing shoots along the three major structures well-defined by soil chemical and geophysical surveys, it told investors.
READ: Silver Range Resources says it sampled high-grade gold and silver as it expands Roughrider property in Nevada
"There is a large unexplored area between the western Price Lode and eastern Cambridge Mine and North Zone trends. Silver Range plans to conduct closely-spaced soil geochemical sampling along widely spaced reconnaissance lines between the two trends to determine if additional, hitherto undetected structures lie between them."
The Cambridge project lies 33 km south of Yerington in Lyon County. Gold was first discovered in the area in the 1860s and intermittent mining at the Cambridge Mine is reported between 1878 and 1942.
Silver Range is a precious metals prospect generator working in Nevada and Northern Canada. It has assembled a portfolio of 44 properties, 13 of which are currently under option to others.
Four other properties have been converted to royalty interests. The firm said it is seeking other joint venture partners to explore the high-grade precious metals targets in its portfolio.
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