Mining Explorers 2013: Silver Range Resources Ltd.
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Last updated 11/3/2013 at Noon
SNG: TSX-V
President and CEO: W. Douglas Eaton
Chairman: Bruce Youngman
Chief Operating Officer: Ian Talbot
Silver Range Resources Ltd., a 2011 spin-out from Strategic Metals Ltd., continued in 2013 to explore the silver-enriched Silver Range project located 10-40 kilometers (6-25 miles) north of Faro in southern Yukon Territory and gold-rich Mint Project located 26 kilometers (16 miles) south of the Alaska Highway in southwest Yukon.
For its 2013 exploration program, Silver Range planned diamond drilling at three priority exploration targets the Owl Southwest, Vent and Hammer Zones; and detailed prospecting and mapping throughout the project area, designed to make new discoveries, expand known mineralized zones and advance targets to the drill stage.
Since 2010, exploration at the Silver Range Project has identified 24 silver-bearing zones and 13 unprospected soil geochemical anomalies.
Collectively, these prospects define two major mineralized belts: the 17 kilometers (10.5 miles) Mount Mye Trend and the 70 kilometers (43 miles) Tay Trend.
Systematic grid drilling has outlined bulk tonnage silver-polymetallic mineralization at the Keg Deposit containing 38.7 million ounces of silver, 675 million pounds of zinc, 228 million pounds of lead, and 131 million pounds of copper.
Metallurgical results show that mineralization responds very well to conventional copper/lead/zinc flotation processing with excellent recoveries of payable metals.
The 2013 exploration program will include 1,500 meters of diamond drilling at the Owl Southwest, Vent, Hammer and Keg zones.
Field crews also will complete follow-up prospecting and detailed sampling throughout the Silver Range Project.
This work is designed to make new discoveries, expand known mineralized zones, evaluate high-grade and bulk tonnage potential, and advance targets to drill stage.
Cash and short-term deposits: C$6.8 million (at June 30, 2013)
Working capital: C$5.2 million (at June 30, 2013)
Market capitalization: C$6.4 million (Sept. 27, 2013)
Suite 1016 - 510 West Hastings Street
Vancouver, British Columbia
V6B 1L8
Tel: 604-688-2568
Fax: 604-688-2578
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