25 February 2020
Silver Range Resources Ltd. announces that it has signed a definitive agreement to option its East Goldfield Property to ATAC Resources Ltd. ATAC is a well-funded, aggressive exploration company run by a team with a track record of discovering high grade gold resources. Notable successes include the Tiger Gold Deposit and Osiris Project in the Yukon Territory.
The East Goldfield Property, lies 8 kilometres east of the town of Goldfield in Esmeralda County, Nevada and 6 kilometres east of the historic Goldfield Mining District (Goldfield Main Deposit). To date approximately 4.2 M oz Au has been produced from this deposit. The Property is adjacent to claims comprising the Gemfield Project, currently being developed by a subsidiary of Waterton Global Resource Management. The Gemfield Project resource consists of 1,574,000 ounces gold in 47.3 M t grading 1.03 g/t Au (Measured & Indicated Resources) at the Gemfield, McMahon Ridge, and Goldfield Main Deposits.