Silver Range Resources delivers high-grade gold samples from Alamo project - ICYMI

Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF, FRA:8SR) earlier this week provided an update connected exploration activities astatine its Alamo gold-copper task successful Arizona, wherever caller sampling and geophysical enactment has identified promising caller targets for follow-up exploration.

Speaking with Proactive, main enforcement serviceman Mike Power said the institution has continued to beforehand the historical Alamo property, which antecedently produced high-grade golden and copper from constrictive vein systems associated with specular hematite.

Power explained that Silver Range's exploration strategy is focused connected identifying areas wherever aggregate mineralized veins whitethorn converge, perchance creating a larger and much charismatic exploration people than the idiosyncratic veins historically mined.

Recent fieldwork included an enlargement of the ungraded sampling grid, further geophysical sum and prospecting. The programme returned encouraging results, including ungraded samples grading up to 1.34 grams per tonne golden and stone samples grading up to 21.8 grams per tonne gold.

Power highlighted the value of the ungraded anomalies, noting that uncovering golden values supra 1 gram per tonne successful ungraded samples is comparatively uncommon successful the region.

In summation to the sampling results, a precise debased frequence (VLF) geophysical survey identified respective conductive zones that look to beryllium associated with known mineralization. According to Power, these conductors whitethorn assistance pinpoint bedrock sources and structural intersections that could correspond precedence exploration targets.

A cardinal near-term catalyst for investors is the company's planned induced polarization (IP) survey astatine Alamo. The survey is expected to supply further subsurface accusation that could assistance refine drill targeting and amended knowing of the property's mineralized systems.

Power besides discussed Silver Range's long-standing concern with Altus, describing the royalty institution arsenic a supportive spouse successful task procreation activities crossed the southwestern United States. The recently announced royalty forms portion of a broader collaboration betwixt the 2 groups.

Beyond Alamo, investors tin expect quality travel from the company's East Goldfield project. Power indicated that drill results are expected soon and that a ample IP survey is astir to commence. He besides said caller geological mapping has improved the company's knowing of the task and could enactment aboriginal exploration targeting.

With aggregate exploration programs underway and respective imaginable catalysts approaching, including geophysical surveys and drill results, Silver Range appears positioned for an progressive play of quality travel crossed its portfolio.