Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) announced that it has staked two new early-stage projects in Nevada.
The Sand Springs property in Churchill County is located 42 kilometres southeast of Fallon on BLM land with no surface impairments.
Initial sampling by Silver Range returned up to 10.10 grams per ton (g/t) gold from a five-foot chip sample of gossanous material in a shaft dump with four out of 28 samples collected returning greater than 5 g/t gold.
READ: Silver Range Resources details trenching results from its Cambridge joint venture project in Nevada
Results are pending on additional sampling and property scale geological mapping that Silver Range conducted earlier this year.
The company has also staked the Ingot property in Clark County, which is located 23 kilometres north-northeast of Searchlight on BLM land with no surface impairments.
Initial grab and chip sampling by Silver Range returned up to 585 g/t silver with seven out of 15 samples returning greater than 100 g/t silver.
Silver Range said it plans to conduct geological mapping, sampling and soil geochemical surveys on the property to define the extent of the system.
Nevada operations update
The firm also provided an update on its recent operations in Nevada.
In late May, Silver Range completed 19 additional hand-trenches at the Cambridge property in Lyon County.
Soil sampling is also underway at the Bellehelen property to define the limits of a large open-ended gold-in-soil anomaly. Also, to the northwest, trenching is planned over targets on the QA grid where quartz-adularia-gold mineralization has been found in outcrop.
Finally, work is planned on the Handsome Jack target at the Steptoe project in White Pine County to follow-up a significant gold-in-soil anomaly located during reconnaissance work last fall, Silver Range told investors.
Results from these three projects may be available in July, contingent on assay laboratory workloads, the company added.
Silver Range is a precious metals prospect generator working in Nevada and northern Canada. It has assembled a portfolio of 46 properties, of which 13 are currently under option to others. Four other properties have been converted to royalty interests.
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