Silver Range Resources Ltd. Oct. 11 reported results from a summer exploration program at the Hard Cash and the Nigel gold properties in the western Kivaliq Region of Nunavut.

Located 310 kilometers (193 miles) northeast of Stony Rapids, Saskatchewan, Hard Cash lies within the greenstone belt that hosts Agnico Eagle's Meliadine gold deposit currently being developed by Agnico Eagle.

The Swamp showing at Hard Cash hosts Archean gold mineralization consisting of laminated quartz veins carrying pyrite, chalcopyrite, galena and silver sulfides.

Sampling over a 200-meter strike at Swamp in 2012 returned up to 174 grams per metric ton gold and 1,192 g/t silver from float and 36 g/t gold from bedrock.

Prospecting and sampling by Silver Range this year has extended the zone to 1,400 meters.

Float samples collected during a mapping program returned grab samples up to 116 g/t gold.

Further along strike, a newly discovered zone returned bedrock grab samples up to 11.45 g/t gold.

Together these discoveries delineate a 3,400-meter corridor of gold mineralization.

About 15 kilometers (nine miles west of Hard Cash, the Nigel property is a recent acquisition by Silver Range.

This property covers three structurally hosted Archean gold occurrences - Nigel, Clyde and Bob - which consist of quartz-carbonate veins carrying pyrite and galena.

Historical sampling of these showings have returned assays up to 464.9 g/t gold.

The showings were staked and explored in August 2016.

Confirmatory sampling at the Nigel showing returned values of 398 and 178 g/t gold.

A sample of wall rock returned 2.57 g/t gold.

Silver Range is building and exploring a portfolio of high-grade gold targets in Nunavut, Northwest Territories and Nevada.

Author Bio

Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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