Silver Range Samples from South of Cambridge Mine up to 93.8 g/t or Gold

VANCOUVER (BC) / ACCESSWIRE / 2023 January 2023 / Silver Range Resources Ltd. (TSXV.SNG) The “Silver Range” or “Company”) are pleased to announce results of a surface sampling programme at the Cambridge Project, Lyon County, NV.

Two-person crew surveyed the area south from the Cambridge Mine during November 2022. Grab samples were taken from outcrops, dump piles and float. The best results were 93.8, 41.4 And 16.4 g/t Au Small shaft dump samples There were 18 total samples collected, of which 8 returned Au analyses greater than 5. Silver up to 265 g/t AgHigher-grade gold samples contain copper as high as 1.64% and lead at 9.24%. It appears that the mineralization is mesothermal, and similar to that at the Cambridge Mine.

The Cambridge Project includes many historical shafts and adits that date back to the 1860s. This includes the Cambridge Mine, once owned by Henry Blasdel (Nevada’s first governor). Blasdel was shipping approximately 10,000 tons ore, weighing in at 0.3 ounces per tonne, to a nearby mill on Walker River. Silver Range has not discovered any evidence of modern exploration of the Project, despite its rich history and abundance of visible gold specimens. Silver Range and Auburn Gold Mining LLC, the JV partner, have consolidated the historic Cambridge Mine and its surrounding mineral showings. They are actively looking for a partner to help them move forward with this Project. A new video presentation can be found at www.silverrangeresources.com/projects/nevada/cambridge-1/.

Silver Range will feature the Cambridge Project as well as other high-grade silver and gold opportunities in the AME Roundup Prospect Generator Hub January 23-24. The results of the sampling program will be presented there.

Chain of custody was used to secure samples and transport them to ALS Minerals facilities, Reno (Nevada) for analysis and sample preparation. At the laboratory, samples were crushed to progressively to < 2 mm (ALS Code CR-32) and a 1 kg aliquot was pulverized to 85% passing a 75 mm mesh (Code PUL-32). A subsample of 50 g from the laboratory was then fired assayed (Code Au-AA26). Gravimetric fire assay (Code au-OG46), confirmed that a near-overlimit of gold was detected. The samples were also subject to induced coupled plasma analysis (Code ME-ICP41) for 35 elements. Overlimit silver was analysed again using a gravimetric technique (Code Ag-OG46).

Mike Power, M.Sc. CPG, President and Chief Executive Officer of Silver Range Resources Ltd. has approved the technical information contained in this news release. He is also a Qualified Person under National Instrument 43-101.

Silver Range is a precious-metals prospect generator based in the Southwest United States of America and Northern Canada. It currently has a portfolio that includes 45 properties. 13 of these properties are available for sale. Four properties have been made into royalty interests. Silver Range is looking for joint venture partners to explore its high-grade precious metals targets.

ON BEHALF SILVER RANGE R RESOURCES LTD.

“Mike Power”
President, C.E.O. & Director

Contact:

Investor Inquiries
Richard Drechsler
Communications Vice-President
Tel: (604) 687-2522
NA Toll-Free: (888 688-2522
[email protected]
http://www.silverrangeresources.com

Neither the TSX Venture Exchange or its Regulation Services Provider (as defined in the policies by the TSX Venture Exchange), accept responsibility for this release’s accuracy.

Forward-looking statements may be made in this news release based upon assumptions and judgments by management about future events or results. These statements could prove inaccurate due to exploration and other risk factors beyond the control of management. Actual results may differ materially.

SOURCE: Silver Range Resources Ltd.

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