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Silver Range Resources acquires two new gold properties in western Nevada

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Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) said it has acquired two new gold properties in western Nevada.

The properties are Tondo del Pueblo (TDP) and Alimony, located in Nye County.

At Tondo del Pueblo, the company said gold has been found in east-striking shear zones hosting quartz veins cutting Triassic Excelsior Formation metasedimentary rocks, with one shear exposed for at least 400 meters (m) along strike. 

READ: Silver Range Resources updates on property portfolio and new hires

In addition, it said grab samples collected from quartz veins within the exposed shears returned assays up to 35.4 grams per ton (g/t) gold (Au). Four of the 10 samples collected during staking returned assays greater than 5 g/t Au. 

Sampling in the area by the Nevada Bureau of Mines & Geology returned analyses up to 9.5 g/t Au and 500 parts per million (ppm) silver (Ag), noted Silver Range, which examined, sampled, and staked TDP in October 2021.

At the Alimony property, the company said that gold is found in silicified tuffs within Miocene Milltown Andesite with mineralization exposed in several shafts and pits.

Grab samples returned up to 4.84 g/t Au with six of 24 rock samples collected returning analyses greater than 1 g/t Au. The Milltown Andesite and associated rhyodacite hosted the bulk of the extensive gold resources mined in the Goldfield Mining District. Reconnaissance soil lines across 200m of the inferred strike of mineralization detected anomalous gold on all lines.

Meanwhile, Silver Range said Bruce Kenway retired from the board, effective January 14, 2022. Kenway served as a director since August 2011 and chaired the Silver Range Audit Committee during that period. 

And Elizabeth Wallinger has been appointed a director, effective January 14, 2022. Since 2011, she has worked in the mineral exploration industry as an exploration geologist with Archer, Cathro & Associates (1981) Limited and most recently at Sentinel Corporate Services Inc. as a corporate controller for various junior mining companies. Wallinger also serves on the board for GGL Resources Corp (TSX-V:GGL)., a Vancouver-based junior explorer.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors


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