Silver Range Resources has revealed promising exploration results from its Cambridge Property in Lyon County and the Sniper Property in Esmeralda County, Nevada. CEO Mike Power shared these findings during an interview with Proactive's Steve Darling, highlighting the potential for significant mineralization that could bolster the company's future development and production prospects.
At the Cambridge Property, reconnaissance underground investigations uncovered that exposed stopes in the area of recent excavator trenching were partially backfilled by spoil during excavation. This suggests that the upper portions of the mine might be accessible with limited underground rehabilitation. Additionally, a subordinate footwall vein splay, oblique to the main Cambridge Vein, was found to contain significant mineralization. Grab samples from a 15 cm exposure of this vein returned impressive results, with gold concentrations of 7.61 g/t Au and 52.1 g/t Au.
Meanwhile, exploration at the Sniper Property yielded similarly promising results. A short Packsack diamond drill hole in the north wall of a small pit returned 2.30 meters at 2.10 g/t Au and 55.3 g/t Ag from the surface, with mineralization open at depth. The Sniper Property, located on the north flank of Gold Mountain, is characterized by ribbon-banded quartz veins containing pyrite, galena, tetrahedrite, and secondary minerals such as chrysocolla and wulfenite, situated within a Jurassic intrusion just below the contact with overlying Precambrian Wyman formation metasediments.
Initial sampling at the Sniper Property showed high gold and silver grades. Out of 14 samples, seven returned assays greater than 5 g/t Au, and five samples returned assays greater than 20 g/t Au, with a peak value of 121 g/t Au. Silver assays ranged from 0.2 to 1,375 g/t Ag, with three samples assaying greater than 100 g/t Ag. The property, part of the Tokop Mining District, has a history of intermittent production dating back to 1866 and was initially explored with small adits and shafts before the 1980s. Between 1978 and 1983, these were partially covered or obliterated by bulldozer during exploration and high-grading activities.
These exploration results underscore the potential for significant mineralization at both the Cambridge and Sniper properties, enhancing Silver Range Resources' prospects for future development and production. Such findings are crucial as they may lead to increased mining activities, potentially providing economic benefits to the region and contributing to the overall growth of the mining sector.
