Silver Range identifies new drill targets at East Goldfield property in Nevada

Silver Range Resources CEO Mike Power joined Steve Darling from Proactive to discuss results from a three-dimensional induced polarization (3D-IP) and resistivity survey at the company’s East Goldfield Property in Nye County, Nevada.
The survey identified a large zone of elevated chargeability associated with surface lithocap and ledge-style epithermal high-sulphidation mineralization. The inverted chargeability and resistivity data are considered reliable to depths of approximately 250 to 500 metres below surface, depending on the geometry of the source bodies.
Conducted across the western portion of the property, the survey outlined an anomaly interpreted to define the limits of a high-sulphidation mineralized system, or cell. The anomaly encompasses the historic Tom Keane Mine as well as a drill target identified through historical drilling in the immediate mine area.
Power told Proactive that the company's primary target lies northwest of the Tom Keane Mine and its associated historical drill target. The area is characterized by faulted and intensely alunite-altered pyroclastic rocks of the Milltown Andesite.
The geological setting is significant because the Milltown Andesite hosts high-grade high-sulphidation gold mineralization in the Goldfield Main district, located approximately eight kilometres west of East Goldfield along a shared structural corridor.
Silver Range plans to use the survey results to advance the target toward drilling. The company intends to design and obtain permits for a drill program to test the core target.
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