Silver Range Resources partner Excalibur reports encouraging drill results at Bellehelen

Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF, FRA:8SR) has highlighted encouraging results from a outpouring drilling programme conducted by its partner, Excalibur Metals astatine the Bellehelen silver-gold task successful Nye County, Nevada.

Excalibur, which holds an enactment to gain a 100% involvement successful the property, completed a 3,122-metre reverse circulation drilling programme crossed 10 holes astatine the Spyglass Ridge target.

Assay results person been received for six holes, portion results from 4 further holes stay pending.

According to Excalibur, the archetypal drill spread astatine Spyglass, BH26001, intersected 360 grams per tonne (g/t) metallic and 2.03 g/t golden implicit 1.52 metres wrong a broader mineralized interval grading 16.7 g/t metallic and 0.10 g/t golden implicit 100.58 metres. The institution said the spread ended wrong the wider mineralized zone, indicating mineralization remains unfastened astatine depth.

The intercept is located wrong a antecedently untested people country and is being interpreted arsenic portion of a larger mineralized structural system. Excalibur said follow-up drilling volition beryllium aimed astatine assessing the continuity, geometry and people organisation of the zone, arsenic good arsenic investigating imaginable extensions of higher-grade mineralization.

In summation to the header intercept, BH26001 returned respective shallower intervals containing anomalous golden and metallic values. Excalibur said these results enactment the beingness of a mineralized operation extending toward aboveground and correspond targets for aboriginal step-out drilling.

Another hole, BH26004, returned respective intervals of anomalous golden mineralization adjacent the bottommost of the hole, including 0.73 g/t golden implicit 1.52 metres. The remaining reported holes, BH26002, BH26003, BH26005 and BH26006, mostly returned golden and metallic values beneath detection limits.

Excalibur said the results bespeak elevated precious metals mineralization from aboveground to depths of astatine slightest 300 metres, expanding the imaginable exploration people area. The institution noted similarities betwixt Bellehelen and different Nevada epithermal gold-silver systems that grounds vertically extended mineralization.

John Gilbert, main enforcement serviceman of Excalibur, said the archetypal drilling astatine Spyglass provided grounds that the mineralized strategy extends some laterally and astatine depth.

“We are conscionable arsenic excited by the wide halo of elevated golden and metallic values - unquestionably a palmy proof-of-concept,” Gilbert said.

“Considering that Spyglass represents a people country of conscionable implicit 1% of the larger 10 km+ mineralized inclination astatine Bellehelen, we judge we're conscionable getting started showing the Project's potential.”