Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) has provided an update on recent property exploration and transactions in Nevada, showing gold at Bellehelen and Cambridge.
The Bellehelen Property is a low sulphidation silver-gold prospect covering most of the historic Bellehelen Mining District approximately 70 kilometers (km) east of Tonopah.
In late May, soil surveys were conducted on the BH Grid in the southeastern portion of the Bellehelen Property to extend a grid sampled during fall 2021. The recent results delineated a 1,300 metre-long gold-in-soil anomaly defined by samples in excess of 100 parts per billion (ppb) gold and an oblique 650 metre-long trend of the same amplitude coincident with the historic Ben Hur Mine.
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These two trends merge in a 300 by 300 metre (m) area of gold-in-soil response outlined by a 20 ppb gold lower limit and peak sample response of 700 ppb gold. Trenching was conducted in an area of highly anomalous soil response in this junction zone. TR-BH22-02 returned 20m at 0.17 grams per ton (g/t) gold from regolith northwest of a previously reported 3,530 ppb gold soil sample. In the northwest portion of the property, hand trenching conducted on the QA Grid returned no significant gold values, but a nearby chip sample across nearby vein mineralization returned 1.2m at 3.01 g/t gold.
The Cambridge Project is 33 km south of Yerington in the Wilson Mining District and is a joint venture between Silver Range and Auburn Gold Mining LLC.
During April and May, 19 hand trenches covering 248m were excavated and sampled to investigate soil anomalies along the Cambridge Mine, Price Lode and North trends. Best results were 3.7m at 0.80 g/t gold from TR22-12. Eleven of 19 trenches returned gold assays above 0.1 g/t gold. Four grab samples collected along the trends returned up to 10.9 g/t gold.
QLM Royston Hills LLC terminated their option with Silver Range on the Legal Tender Property in the Royston Hills, Nye County on June 30.
Vancouver-based Silver Range is a precious metals prospect generator working in Nevada and Northern Canada. It has assembled a portfolio of 43 properties, of which 11 are currently under option to others. Three other properties have been converted to royalty interests.
Contact the author at susie@proactiveinvestors.com