Silver Range Resources Ltd.

TSX.V:SNG $

Park Place Gold

The Park Place Gold Project consists of three iron formation gold discoveries located within the Back River – Contwoyto Gold Belt of Western Nunavut, Canada. This belt hosts the past producing Lupin Mine (production of 3.35 Moz @ 9 g/t gold), as well as Sabina Gold and Silver’s George and Goose Lake deposits (5.33 Moz Measured and Indicated @ 5.87 g/t).

Goldbugs

The Goldbugs property is located 390 km NE of Yellowknife, within similar stratigraphy hosting the Lupin Mine and George Lake deposits. Mineralization was first discovered during the exploration rush following the discovery of the Lupin Mine. Three gold bearing zones have been identified within an iron formation horizon that has been traced for 7 km by airborne mag. Highlight samples include 33.2 g/t Au in the West Zone, 1.04 opt Au from a grab sample in the Fork Lake Zone and 11.7 g/t Au in the East Zone.

Esker Lake

The Esker Lake Property was staked by Sirius Energy Corp. in 1986. Prospecting and geophysical surveys conducted in 1987 were followed up with diamond drilling in 1988/89. Panarc Resources restaked the claims in 2012 and subsequently sold the project to Silver Range in 2016. The property host surface samples grading up to 61 g/t Au.

Historical drilling focused on fold axial planes, but subsequent work at Lupin and Back River indicates the bulk of the gold is hosted in folded, sulphidized metasediments.

Hole From To Intercept
(m)
g/t Au
EL-1W-89-11 33.40 36.40 3.00 11.7
EL-1W-89-11 37.40 38.90 1.50 7.3
EL-1W-89-12 8.12 11.22 3.10 4.1
EL-1W-89-12 18.38 20.48 2.10 5.1
EL-1W-89-13 37.02 41.02 4.00 4.8
EL-1W-89-16A 32.20 35.20 3.00 3.6
EL-1W-89-43 63.80 66.80 3.00 2.2
EL-1W-89-45 73.80 75.80 2.00 2.5
EL-1W-89-45 77.06 82.00 3.94 3.8

Bling

The Bling Property is located 415 km NE of Yellowknife, and readily accessible by float plane or helicopter. The property hosts exhalite massive sulphide mineralization along an extensive regional contact. The property was briefly explored in the 80s during the exploration rush that followed the discovery of the Lupin Mine which is located 160 km to the northwest. A gold zone consisting of several sulphide horizons has been exposed for 250 m in outcrop and is coincident with a VLF-EM conductor that has been traced over 750 m (still open along strike). Individual sulphide horizons are up to 5 m wide and 90 m long with grab samples as high as 47.4 g/t Au, and reported chip samples of 16 g/t Au over 2.0 m, 2.86 g/t over 3.5 m and 2.35 g/t over 2.0 m. The Bling Property has never been drilled.

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