Silver Range expands Nunavut gold portfolio
Last updated 9/11/2016 at Noon
Silver Range Resources Ltd. Sept. 7 said it has staked and conducted preliminary exploration at the Quartzite gold property in Nunavut's Kivalliq region.
Located near Kaminak Lake, 130 kilometers (80 miles) southwest of Rankin Inlet, the Quartzite property covers 10 documented gold occurrences along a nine-kilometer (5.6 miles) area.
At the West End zone, quartz carbonate veins carry gold with galena and pyrite.
Historical sampling of this material returned assay values of up to 17.3 grams per metric ton gold.
Confirmatory sampling during 2016 returned grab samples results of up to 27.3 g/t gold.
The central Eva Lake zone covers an extensive train of meta-volcanic-hosted quartz-galena-chalcopyrite-pyrite float.
The best historical sampling from this area returned results of 132 g/t gold.
Confirmatory sampling during 2016 returned results of up to 26.2 g/t gold.
At the eastern Joan Lake zone, pyrite-bearing quartz veins in carbonate-altered mafic meta-volcanic rocks returned historical assays up to 17.8 g/t gold.
Confirmatory sampling during 2016 returned results of up to 9.53 g/t gold.
Historical work in the area by Noble Peak Resources included an electromagnetic and magnetic field survey covering a portion of the claims.
No drilling has been conducted on the property.
Silver Range is building and exploring a portfolio of high-grade gold targets in Nunavut, the Northwest Territories and Nevada to meet an increasing demand for gold projects in politically stable jurisdictions.