Silver Range stakes gold claims near Lupin Mine
Last updated 8/14/2016 at Noon
Silver Range Resources Ltd. Aug. 4 said it has staked and completed an initial examination of the Itchen gold property about 78 kilometers (48 miles) west of the Lupin Mine in Nunavut.
Exploration in the Itchen Lake area dates to the early 1960s, when gold was discovered at Contwoyto Lake.
The development of the Lupin Mine in the early 1980s spurred a second round of exploration.
The Itchen claims cover nine gold targets documented in the NWT Mineral Inventory that are found in several tightly folded iron formation horizons up to 4,000 meters long and up to 20 meters thick.
Results from historical work on the property include: grab samples of up to 20.06 grams per metric ton gold; trench samples of up to 2.4 meters averaging 5.8 g/t gold; and a drill intersection of 1.1 meters grading 1.1 g/t gold.
Silver Range Resources staked and explored the Itchen property in early Juloy.
Confirmatory sampling returned up to 6.64 g/t gold.
Recent mapping and sample results are being compiled with historical data to design future work programs and define drill targets.