SNG Silver Range Resources Ltd

Silver Range Resources Ltd. (TSX VENTURE:SNG) (TSX VENTURE:SNG.WT) ("Silver
Range" or "the Company") is pleased to announce results from exploration and
drilling at its wholly owned Silver Range Project located in Yukon Territory.
The Silver Range Project is situated 10 to 40 km north of the town of Faro, the
former site of large-scale lead-zinc-silver mining operations.  


The 2013 exploration program included 1,156 m of diamond drilling in seven
exploration holes and one geotechnical hole, together with prospecting and
detailed mapping on silver-rich structural targets surrounding the Company's
core Keg Deposit. The bulk-tonnage Keg Deposit contains 38.7 million ounces of
silver, 675 million pounds of zinc, 228 million pounds of lead, and 131 million
pounds of copper in inferred resources (see further details below).
Metallurgical results show that mineralization responds very well to
conventional copper/lead/zinc flotation processing with excellent recoveries of
payable metals. 


Highlights of the 2013 exploration program include:



--  A single exploration drill hole was completed at the Hammer Zone and
    returned 337.00 g/t silver, 0.487% lead and 4.590% zinc over 0.49 m from
    the Central Vein. Previous broadly-spaced drilling at the Hammer Zone
    outlined a large high-grade epithermal system, with three subparallel,
    silver-rich veins traced for strike lengths of up to 600 m and through a
    vertical range of 280 m. All veins are open for extension along strike
    and to depth; 
    
--  Further drilling at the Owl Southwest Zone extended mineralization to
    the northeast and downdip. Results from three completed drill holes
    include 152.4 g/t silver, 0.792% lead and 0.135% zinc over 2.61 m and
    42.58 g/t silver, 0.133% lead and 0.240% zinc over 11.18 m. Only two
    drill holes had been previously completed at the Owl Southwest Zone,
    both of which returned significant silver intersections including 5,370
    g/t silver over 0.34 m and 432 g/t silver over 1.50 m; and 
    
--  Silver-rich mineralization was discovered in two new areas of the
    property, with rock samples returning 982 g/t silver, 4.180% lead and
    9.730% zinc at the Newton Zone and 504 g/t silver, 1.060% copper and
    14.35% lead at the Gauss Zone. 



Since 2010, exploration at the Silver Range project has identified 26
silver-bearing zones. Collectively, these prospects form two major mineralized
belts: the 17 km long Mount Mye Trend and the 70 km long Tay Trend. Systematic
grid drilling at one of the zones on the Tay Trend has defined the Keg Deposit. 


In 2013, three holes totaling 396.4 m were completed at the Owl Southwest Zone,
located 7.3 km northwest of the Keg Deposit. Drilling tested the down-dip and
strike extensions of mineralization identified in 2012, which included 5,370 g/t
(156.63 oz/t) silver over 0.34 m in hole OSW-12-001 (see news release dated
October 25, 2012). Mineralization occurs near the edge of an extensive upland
marsh marked by a strong, open-ended 200 by 350 m soil geochemical anomaly, with
values ranging from 10 to 208 g/t silver. 


The 2013 drill program successfully extended the known mineralized zone along
strike to the northeast and down-dip. Hole OSW-13-005 intersected 2.61 m grading
152.4 g/t silver while hole OSW-006 returned 11.18 m grading 42.58 g/t silver.
These 2013 holes are located 50 m along strike and 50 m down dip, respectively,
from the high-grade intercept in OSW-12-001. 




----------------------------------------------------------------------------
                                      To Interval      Ag       Pb       Zn 
Hole                   From (m)      (m)      (m)    (g/t)      (%)      (%)
----------------------------------------------------------------------------
OSW-13-005                31.52    34.13     2.61   152.40    0.792    0.135
----------------------------------------------------------------------------
OSW-13-006                71.13    82.31    11.18    42.58    0.133    0.240
----------------------------------------------------------------------------
Incl.                     79.50    80.55     1.05   147.00    0.486    1.420
----------------------------------------------------------------------------

--  OSW-13-004 was collared ahead of the vein and returned no significant
    intersections. 
--  OSW-13-003 and OSW10-007 were lost at 119 m and 26 m, respectively,
    before reaching their target depths. 



The Hammer Zone, a bonanza-grade silver-rich epithermal vein system discovered
in 2011, is located only 12 km from the Faro mine and mill site. Broadly-spaced
drilling in 2012 traced three subparallel veins for strike lengths of up to 600
m and through a vertical range of 280 m.  


One exploration drill hole (293 m in length) was completed at the Hammer Zone in
2013. This hole intersected the Central Vein 110 m vertically below surface and
graded 337 g/t silver, 0.487% lead and 4.590% zinc over 0.49 m. A second drill
hole (68 m in length) was completed at the Hammer Zone for environmental and
geotechnical purposes. This hole was not targeted to test any of the mineralized
structures.  


The Vent Zone, located 20 km east-southeast of the Keg Deposit, is associated
with a very strong, 600 by 400 m silver-arsenic-lead soil anomaly. Two diamond
drill holes totaling 280.0 m tested beneath a 2012 excavator trench that yielded
247 g/t silver and 1.30% lead across an 8 m interval. While both diamond drill
holes intersected structures thought to be related to mineralization, no
significant assays were returned. Both holes unexpectedly cut shaly rocks which
underlie the more brittle pyroclastic rocks that host mineralization exposed in
the trenches. 


During 2013, field crews also conducted follow-up prospecting and detailed
mapping at 16 of the previously identified silver-bearing zones (see Silver
Range news release dated October 25, 2012) and eight previously unprospected
geochemical anomalies throughout the Silver Range project. This work better
defined the geological settings in areas of known mineralization and discovered
two new zones. 


At the Newton Zone, located 17 km southeast of the Keg Main Zone,
silver-lead-zinc mineralization was identified in outcrop. A sample collected
from a 5 m wide fault exposed in bedrock along an east trending linear feature
yielded 30.44% zinc with 29.5 g/t silver. A near-source float sample collected
800 m to the east along the same linear feature produced 982 g/t silver with
4.180% lead and 9.730% zinc. 


At the Gauss Zone, located 45 km southeast of the Keg Main Zone, two
silver-copper-lead showings were identified along a linear depression on a
northwest trending ridge. Two separate bedrock samples, located 1,700 m apart
along the linear depression, yielded 504 g/t silver, 1.060% copper and 14.350%
lead; and 44.1 g/t silver, 2.280% copper and 2.860% lead. Both samples are
associated with steeply dipping, northeast trending fracture sets. 


The 2013 surface work, combined with previous soil geochemical surveys and
prospecting, has identified several specific targets for future diamond
drilling. 


Silver Range's Keg deposit contains an inferred resource of 39.76 million tonnes
grading 30.25 g/t silver, 0.26% lead, 0.77% zinc and 0.15% copper at a 16 g/t
silver cut-off. For further details, see the technical report entitled "Geology,
Mineralization, Geochemical Surveys, Diamond Drilling, Metallurgical Testing and
Mineral Resources at the Keg Property" dated December 19, 2012 and amended May
27, 2013 and filed on SEDAR. 


In addition, the Company is pleased to announce the appointment of Richard
Drechsler as its Vice-President of Communications. In this capacity, Mr.
Drechsler will be the contact person for outside interest groups, including
First Nations and local communities. Mr. Drechsler will continue to provide
corporate communications and investor relations services to shareholders and
other interested parties. Mr. Drechsler obtained a Bachelor of Science degree
from the University of British Columbia in 2007. He has worked in the
mining/mineral exploration industry since 2005 and has provided Silver Range
Resources with investor relations services since August 2011. In conjunction
with this appointment, Mr. Drechsler has been granted additional incentive stock
options in respect of 25,000 shares exercisable at a price of $0.30 per share
for a period of five years. This option is subject to vesting provisions under
which 25% of the option will vest at the conclusion of each three months during
the first year of the term of the option. 


Maps related to the Silver Range project can be viewed at
www.silverrangeresources.com. Work at the Silver Range project is being
conducted by Archer, Cathro & Associates (1981) Limited. Technical information
in this news release has been approved by Matthew R. Dumala, P. Eng., a
geological engineer with Archer Cathro and qualified person for the purposes of
National Instrument 43-101.


All analyses for rock and core samples from the 2013 program were performed by
ALS Minerals with sample preparation in Whitehorse and assays and geochemical
analyses in North Vancouver. Core samples are routinely analyzed for gold by
fire assay followed by atomic absorption (Au-AA24) and 48 other elements by
inductively coupled plasma-mass spectrometry (ME-MS61). Samples in mineralized
intervals that exceed the detection limits of the routine methods are assayed
for silver, lead and zinc by inductively coupled plasma-atomic emission
spectroscopy (Ag/Pb/Zn - OG62). Additionally core samples were analyzed for tin
by pressed pellet x-ray fluorescence spectroscopy (Sn-XRF05). Rigorous
procedures are in place regarding sample collection, chain of custody and data
entry. Certified assay standards, coarse reject duplicates, field duplicates and
blanks are routinely inserted into the sample stream to ensure integrity of the
assay process. All of the results reported have passed the QAQC screening.


ON BEHALF OF THE BOARD

W. Douglas Eaton, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Silver Range Resources Ltd.- Corporate Information
W. Douglas Eaton
President and C.E.O.
(604) 688-2568


Silver Range Resources Ltd.- Corporate Information
Bruce A. Youngman
Chairman
(604) 687-2522


Silver Range Resources Ltd.- Investor Inquiries
Richard Drechsler
Corporate Communications
(604) 687-2522 or NA Toll-Free: (888) 688-2522
rdrechsler@silverrangeresources.com
www.silverrangeresources.com

Silver Range Resources (TSXV:SNG)
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Silver Range Resources (TSXV:SNG)
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부터 6월(6) 2023 으로 6월(6) 2024