9 October 2018
Silver Range Resources Ltd. is pleased to announce high grade gold results from recent surface exploration on a Witwatersrand-type prospect at its wholly owned Tree River Project in Nunavut. From August 15 to 23, a two-man crew conducted geological mapping and prospecting along an auriferous Archean quartz pebble conglomerate (QPC). At the Main Zone, the site of historic work by BHP Billiton and Strongbow Exploration, grab samples returned up to 114 g/t Au and a chip sample returned 0.20 m @ 540 g/t Au. A second zone of mineralization, 3.6 km along strike (West Zone), returned grab samples up to 14.05 g/t Au. A total of 88 rock samples were collected during the program, 57 of which were taken from the QPC. Four of the QPC samples assayed greater 9 g/t Au and background gold content in the QPC, estimated by averaging 53 QPC samples grading less than 2.5 g/t Au, is very anomalous at 0.203 g/t Au.