Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) has announced results of recent airborne geophysical surveys, geological mapping and sampling at the Sand Springs Property in Nevada, which the company says has defined gold-copper skarn drill targets.
The precious metals prospect generator also said gold-copper skarn mineralization is found at surface, in underground workings and in drill holes within both the intrusion and surrounding Triassic-Jurassic limestone and metamorphosed clastic rocks.
Silver Range noted that to date, it has assayed surface samples up to 1.5 metres of 10.1 grams per tonne (g/t) gold from a chip sample and up to 3.5% copper from a grab sample.
READ: Silver Range Resources finds gold and silver in staking of Bankroll property in Nevada
It added that geological mapping, magnetic inversion results, surface sampling results and available drill data indicate that gold mineralization occurs in four settings on the property.
As well, the company said it believes the project is ready for drill-testing.
The company 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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