Silver Range Acquires Projects Near Proposed Nunavut Road

23 August 2016

August 23, 2016 - Silver Range Resources Ltd. (TSX-V:SNG) ("Silver Range") announces that it has acquired the Happy Thought and Grumpy targets near a new proposed road in western Nunavut. 

On July 10, 2016, the Nunavut Government and the Kitikmeot Inuit Association signed a Memorandum of Understanding (MOU) regarding the completion of a project proposal for the Grays Bay Road and Port Project located in the Western Kitikmeot Region. This project, championed by the Nunavut Government, is being advanced "in order to economically move resources from Nunavut to processing or markets elsewhere in the country and world for the benefit of all Canadians." The proponents envisage the construction of a public road from Grays Bay on Coronation Gulf south to Contwoyto Lake, there to link up with the Tibbett Lake to Contwoyto Lake ice road, and to roads in the Ekati Mine area. The Government of Nunavut sees the signing of this MOU as a significant step forward and views "a partnership with the Kitikmeot Inuit Association as important and meaningful to the success of this project." The MOU lays out a process to complete a Project Proposal to be submitted to the Nunavut Impact Review Board by May 2017.