Silver Range Resources acquires two new gold properties in western Nevada
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
Source: https://www.proactiveinvestors.com/companies/news/971237/silver-range-resources-acquires-two-new-gold-properties-in-western-nevada-971237.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
