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Silver Range Resources announces high-grade gold and silver samples from its Bellehelen project in Nevada

Last updated: 11:46 15 Dec 2020 EST, First published: 11:33 15 Dec 2020 EST

Silver Range Resources Ltd. -
Silver Range Resources says an airborne total magnetic field and radiometric survey has identified an “intriguing” large conceptual target

Silver Range Resources Ltd (CVE:SNG) reported the receipt of high-grade gold and silver grab sample results from its newly-consolidated and expanded Bellehelen project in Nevada.

The company said assays from the samples included grades as rich as 1,490 grams per tonne (g/t) silver and 11.3 g/t gold.

Between August and October 2020, Silver Range completed an exploration program covering the expanded project area, with soil geochemical surveys locating anomalies associated with and extending known mineralization.

READ: Silver Range Resources says 'grade is king' as it follows the prospect generator model in the US and Canada

The company noted that ground geophysical surveys fingerprinted the total magnetic field and electromagnetic responses associated with known vein systems. As well, an airborne total magnetic field and radiometric survey completed over the entire mining district defined the structural architecture as well as what the company called an “intriguing” large conceptual target.

The Bellehelen project, which includes the Ajax, Ben Hur and Neversweat properties, is located in an area that saw limited and sporadic mining production from 1909 through to the 1930s.

The Neversweat property was staked in September 2020, and covers the location of a sample collected from an adit by the Nevada Bureau of Mines and Geology, which reported an analysis of 3,000 ppm silver. Sampling during staking returned up to 159 g/t silver from three grab samples.

The company added that an airborne total magnetic field and radiometric survey over the district, completed in October 2020, defined a series of low relief magnetic field lows, two of which are associated with the principle mineralized showings in the district.

Silver Range said the structural grain of the district was well defined and suggests that there may be large, prospective, untested targets in the project area, with radiometric results pending.

Silver Range Resources is a precious metals prospect generator that has assembled a portfolio of 43 properties, nine of which are currently under option to others, located in the mining-friendly, gold and silver-rich jurisdictions of Nevada, Nunavut, the Northwest Territories and Yukon.

Contact Sean at sean@proactiveinvestors.com

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