TSX-V: SNG
VANCOUVER, Oct. 19, 2017 /CNW/ - Silver Range Resources
Ltd. (TSX-V:SNG) ("Silver Range") is pleased to provide an
update on exploration results from its Hard Cash Property in
Nunavut.
Ground total magnetic field (TMF) and horizontal loop
electromagnetic (HLEM) surveys conducted at Hard Cash during
July 2017 have defined a compelling
drill target along the length of the 1.1 kilometre-long Swamp
Trend. This trend is defined by 96 samples, 16 of which have
returned analyses greater than 30 g/t Au (peak value
174 g/t Au) and 40 of which have returned analyses
greater than 5 g/t Au. High silver values up to
1192 g/t Ag occur with gold and 16 samples along the trend
have returned greater than 200 g/t Ag. (Silver Range Press
Release October 11, 2016) The
geophysical surveys mapped a magnetic break and parallel conductive
zone bracketing the Swamp Trend to the southeast and northwest
along its length. The geophysical survey results suggest a
clear proximal source for the float samples and a southwest
extension of high-grade bedrock mineralization at the north end of
the trend. Maps summarizing the results of the geophysical
surveys relative to the gold mineralization are available at
www.silverrangeresources.com.
In August, a shallow drilling program employing a man-portable
drill was abandoned due to repeated equipment failure. None
of the attempted holes were completed to depth. Drill testing
will be attempted with conventional equipment in a forthcoming
program.
Technical information in this news release has been approved by
Mike Power, M.Sc., P.Geo., President
and CEO of Silver Range Resources Ltd. and a Qualified Person for
the purposes of National Instrument 43-101.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
"Mike Power"
President, C.E.O. & Director
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.
This news release may contain forward looking statements
based on assumptions and judgments of management regarding future
events or results that may prove to be inaccurate as a result of
exploration and other risk factors beyond its control, and actual
results may differ materially from the expected results.
SOURCE Silver Range Resources Ltd.