Silver Range Resources terminates property options
4 February 2020
Silver Range Resources Ltd. announces that property options granted in 2018 to Amaroq Gold Corp. (“Amaroq”) and Zinciferous Limited (“Zinciferous”), pertaining to the South Kitikmeot Gold Project and the Michelle Project respectively, have been terminated effective January 28th, 2020. In both cases, conditions precedents, including obtaining a public listing, were not satisfied by the required date. Neither Amaroq nor Zinciferous performed any surface exploration on the projects which are now available for option or joint venture.
The South Kitikmeot Gold Project consists of five properties covering extensive zones of high grade gold (> 5 g/t Au) in iron formation. Highlight drill intercepts include 3 m @ 11.7 g/t gold at Esker Lake. The projects are located within the Back River – Contwoyto Gold Belt of Western Nunavut which hosts the past producing Lupin Mine as well as Sabina Gold and Silver’s George and Goose Lake deposits. The Michelle project encompases multiple drill confirmed silver lead zinc showings that adjoin the Dempster Highway in Northern Yukon. Drill highlights include 16.75% zinc, 8.86% lead and 310 g/t silver over 18.29 m.