TSX-V: SNG
VANCOUVER, Nov. 27, 2017 /CNW/ - Silver Range Resources
Ltd. (TSX-V:SNG) ("Silver Range") reports that Rover Metals
Corp. ("Rover") has provided the results of a drill program
conducted on the Up Town Gold Property ("Property") in August and
September 2017. A more complete
summary of the drill program including drill plans and sections may
be found on Rover's website, www.rovermetals.com.
In August and September 2017,
Rover completed 14 drill holes (total drill length 803 metres) on
the Property. Drilling at the Rod Zone (10 holes / total 528
m) intersected short intervals of high grade gold enclosed in lower
grade rock in 4 of the 10 holes. In addition to testing the
known mineralization at Rod, a second structure (Rod West) was intersected at depth and returned
best results of 0.6 m @ 15.20 g/t Au in hole ROD-17-004.
Drill results from the Rod Zone are tabulated below:
|
Drill
hole
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
|
ROD-17-001
|
14.1
|
14.7
|
0.6
|
0.71
|
|
ROD-17-002
|
11.0
|
16.4
|
5.4
|
4.28
|
|
including
|
15.0
|
15.9
|
0.9
|
22.10
|
|
ROD-17-003
|
14.7
|
15.3
|
0.7
|
1.36
|
|
ROD-17-004
|
14.6
|
15.2
|
0.6
|
15.20
|
|
ROD-17-004
|
26.0
|
27.2
|
1.2
|
1.52
|
|
including
|
26.0
|
26.6
|
0.6
|
2.73
|
|
ROD-17-005
|
28.5
|
30.5
|
2.0
|
1.08
|
|
ROD-17-005
|
30.5
|
31.5
|
1.0
|
0.52
|
|
ROD-17-006
|
14.5
|
17.0
|
2.5
|
0.90
|
|
ROD-17-007
|
15.0
|
18.3
|
3.3
|
3.73
|
|
including
|
16.1
|
16.4
|
0.3
|
35.00
|
|
ROD-17-008
|
13.8
|
17.3
|
3.4
|
3.30
|
|
including
|
14.8
|
15.2
|
0.3
|
32.60
|
|
ROD-17-009
|
No assays > 0.30
g/t Au
|
|
ROD-17-010
|
48.0
|
48.3
|
0.3
|
0.34
|
|
ROD-17-010
|
76.6
|
77.0
|
0.4
|
0.58
|
At Fox South, drilling was focused on testing the shear zone
south of the known mineralization. The results of this
work (4 holes / total 275 m) extended the strike length of drilled
mineralization to 250 m. Drill results are summarized in the
table below:
|
Drill
hole
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
|
FS-17-001
|
24.5
|
25.2
|
0.7
|
1.23
|
|
FS-17-001
|
29.2
|
30.2
|
1.0
|
0.34
|
|
FS-17-002
|
25.9
|
35.0
|
9.1
|
0.32
|
|
including
|
33.1
|
34.0
|
1.0
|
2.16
|
|
FS-17-003
|
39.6
|
46.6
|
7.1
|
0.62
|
|
including
|
45.3
|
45.6
|
0.3
|
5.12
|
|
FS-17-004
|
59.1
|
59.3
|
0.2
|
0.47
|
|
FS-17-004
|
3.5
|
3.9
|
0.4
|
1.02
|
|
FS-17-004
|
9.7
|
10.0
|
0.3
|
0.35
|
|
FS-17-004
|
38.2
|
38.9
|
0.7
|
0.93
|
|
FS-17-004
|
43.7
|
44.5
|
0.8
|
0.66
|
|
FS-17-004
|
51.4
|
52.0
|
0.6
|
1.52
|
|
FS-17-004
|
82.2
|
82.8
|
0.5
|
1.38
|
The drilling at Fox South confirms that the open north end of
the zone may be more prospective. Holes drilled here in 2013
returning 4.14 m @ 2.62 g/t Au and 2.13 m @ 4.67 g/t Au (Silver
Range Press Release dated August 30,
2016).
The initial drill program at Up Town Gold confirmed the presence
of shallow high-grade gold mineralization at Rod and provided a
vector to potentially higher-grade mineralization at Fox
South. At Rod, a second parallel structure hosting high grade
gold was intersected west of the principal vein system.
The Up Town Gold property, adjacent to Giant Mine, hosts high
grade surface gold mineralization and remains largely
unexplored. Only 2 of 8 known veins and vein systems were
drill tested during the initial program. None of the known
gold zones have been drill tested at depth. The results of
the 2017 drill program will be integrated with recent surface
mapping, geochemical sampling, airborne geophysical surveys and
historic shallow drill data to define prospective structural traps
that may host significant high-grade gold mineralization either
along strike or beneath the known gold occurrences.
Technical information in this news release has been approved by
Mike Power, M.Sc., P.Geo., President
and CEO of Silver Range Resources Ltd. and a Qualified Person for
the purposes of National Instrument 43-101.
Silver Range is a precious metals prospect generator working in
the Northwest Territories,
Nunavut and Nevada. The
company is actively seeking joint venture partners to explore the
assets in its portfolio.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
"Mike Power"
President, C.E.O. & Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release may contain forward looking statements
based on assumptions and judgments of management regarding future
events or results that may prove to be inaccurate as a result of
exploration and other risk factors beyond its control, and actual
results may differ materially from the expected results.
SOURCE Silver Range Resources Ltd.
