23 February 2021
Silver Range Resources Ltd. announces that it has concluded an asset purchase agreement (“Agreement”) granting Silver47 Exploration Corp. (“Silver47”) a 100% interest in the Michelle Silver-Zinc-Lead Project located in central Yukon.
The Michelle Project lies within a belt of Paleozoic platform carbonate rocks that stretches through northern BC, western NWT, Yukon and Alaska. It covers carbonate-hosted, zinc-lead-silver-gallium mineralization, with district-scale potential. The project encompasses 782 mineral claims that adjoin the Dempster Highway via an 18-kilometre-long proposed access corridor.
Work to date has identified 23 mineralized zones within a 14 km by 9 km area. Surface rock sampling on the property has yielded peak values of 4180 g/t silver, 48.57% zinc, 82.78% lead and 1120 ppm gallium. Historical diamond drilling, which concentrated on two occurrences, returned highlights including 18.29 m containing 310 g/t silver, 16.75% zinc, 8.86% lead at the Gully Zone, and 2.96 m containing 2134 g/t silver, 0.55% zinc, 15.18% lead at the Peak Zone.