Silver Range Recieves Exchange Acceptance Of Property Agreement With Panarc Resources

11 July 2016

July 11, 2016 – Silver Range Resources Ltd. (TSX-V:SNG) (“Silver Range”) announces that it has received TSX Venture Exchange acceptance of the property transaction with Panarc Resources Ltd. (“Panarc” a private Yukon corporation) originally announced March 18, 2016 and approved by Silver Range shareholders at the June 14, 2016 Annual General and Special Meeting.
Under the terms of the property agreement, Silver Range will issue 10 million common shares to Panarc to purchase the following seven gold exploration projects:

• the Up Town gold property, a high-grade granitoid-hosted Archean gold target located in the Northwest Territories (adjacent to a multi-million ounce past producer);
• three iron formation hosted gold targets in the Contwoyto Lake – Back River area of Nunavut (consisting of the Esker Lake, the Gold Bugs and the Bling properties);
• the Hard Cash gold property, an Archean greenstone lode gold prospect located in the Ennadai Lake area of Nunavut and
• two epithermal gold targets covering small past producers in Nevada (the Road Gold property in the Santa Fe District and the Bellehelen property in the Kawach Range).

View Details