Diamonds and gold discovered In Tree River conglomerate In Nunavut

7 October 2020

October 7, 2020 – Silver Range Resources Ltd. is pleased to provide an update on exploration work conducted by the Company at its Tree River Property in the Kitikmeot Region, Nunavut; and on surprising research work results from the Tree River Conglomerate recently released at the American Geophysical Union annual general meeting.
The Tree River Conglomerate (“TRC”) is an Archean metasedimentary rock unit in the Anialik Greenstone Belt within the Kitikmeot Region of Nunavut.  The known exposures of the TRC are on permits staked as Silver Range’s Tree River Property and on adjacent Inuit Owned Lands (“IOL”) Parcel CO-69. 

•A University of Alberta research team has recovered three alluvial, kimberlitic diamonds from two small, separate samples of the Tree River Conglomerate following up on a previous discovery.  
•Panel sampling of the Tree River Conglomerate by Silver Range returned up to 36.3 g/t Au from a one-metre by one-metre sample.
•Zircon dating conclusively dated the Tree River Conglomerate at 2.9 Ga, in the “Great Gold Deposition Window” postulated for gold deposition in the Pilbara and Witwatersrand.