Welcome to our dedicated page for Silver Range Res news (Ticker: SLRRF), a resource for investors and traders seeking the latest updates and insights on Silver Range Res stock.
Silver Range Resources Ltd. reports news about precious metals exploration, property staking, sampling programs, and option activity across its prospect-generator portfolio. Company updates commonly cover Nevada and Arizona targets, including geological mapping, soil surveys, geophysical work, packsack drilling, and assay results from gold, silver, copper, and other mineralized showings.
Silver Range news also includes partner and property-option developments, royalty-interest updates, and shares-for-services issuances for geological and consulting services. These releases describe how the company manages its exploration portfolio and finances selected services through a mix of cash and common shares.
Silver Range Resources Ltd. (TSXV:SNG) announced on April 14, 2023, acceptance from the TSX Venture Exchange to issue 148,770 shares to Paladin Geoscience Corp. This issuance is part of a "Shares for Services Agreement" for geological and consulting services, which will expire on March 31, 2024. Paladin, controlled by Silver Range's CEO Michael A. Power, can elect to receive up to $5,000 of its monthly fees in Silver Range shares at a deemed price reflecting the market value minus a discount. The shares were issued between $0.0613 and $0.0744, covering services from October 1 to November 30, 2022, and are subject to a hold period expiring on August 14, 2023. Silver Range is a precious metals prospect generator with 45 properties in Nevada and Northern Canada, actively seeking joint venture partners.
Silver Range Resources Ltd. (TSXV:SNG) announced a proposal to issue 148,770 shares to Paladin Geoscience Corp. for geological consulting services provided between October 1, 2022 and March 31, 2023. The share issuance, pending acceptance by the TSX Venture Exchange, is structured under a 'Shares for Services Agreement' with share prices ranging from $0.0613 to $0.0744, calculated monthly with a 50% discount. Silver Range operates a portfolio of 45 properties in Nevada and Northern Canada, actively seeking joint venture partners for its high-grade precious metals targets.
Silver Range Resources Ltd. (TSXV:SNG) has signed a Generative Alliance with Altius Minerals Corporation, where Altius subscribed for 3,333,333 shares for $500,000 and will receive a 1% net smelter return royalty on three Silver Range projects in the Southwest U.S. Additionally, the company closed a private placement, selling 768,333 units at $0.15 per unit, generating $115,250. Proceeds will be used for exploration in the region. The placement paid $315 in cash fees and issued 2,100 finder's warrants.
Silver Range Resources Ltd. (TSXV:SNG) announced the closing of a $500,000 private placement with Altius Minerals, involving the sale of 3,333,333 shares at $0.15 per share. The shares have a hold period until July 2, 2023. Additionally, a generative alliance was established, granting Altius a 1% net smelter return royalty interest on three Silver Range projects in the U.S. The proceeds will primarily fund exploration activities. Silver Range also received an extension until March 28, 2023 to close a unit private placement for up to $900,000 involving 6,000,000 units. Investors can meet management at PDAC 2023 from March 5-8.
Silver Range Resources Ltd. has announced positive results from its Tule Canyon Project in Nevada. In November 2022, a work program revealed significant gold and silver mineralization linking the Roughrider and Strongbox properties. Assays showed remarkable values of 31.8 g/t Au and 2,590 g/t Ag. A total of 65 samples were collected, with several returning high-grade results, indicating the project's potential. Mining in Tule Canyon dates back to the 19th century, with an ongoing interest in its historical significance. The company will present its findings at the Prospectors and Developers Association of Canada conference on March 5-8, 2023.
Silver Range Resources Ltd. (TSXV:SNG) announced positive results from a recent surface sampling program at the Cambridge Project in Lyon County, NV, which took place in late November 2022.
The program yielded significant grades, with results including 93.8, 41.4, and 16.4 g/t Au from shaft dump samples. A total of 18 samples were collected, 8 of which exceeded 5 g/t Au. Silver assays reached 265 g/t Ag. The project area has historical significance, with mining activities dating back to the 1860s.
Silver Range is currently seeking partners to advance the project and showcase it at the AME Roundup on January 23-24.
Silver Range Resources Ltd. announced a non-brokered private placement to raise up to $900,000 through the issuance of 6,000,000 units priced at $0.15 each. Each unit consists of one common share and one-half share purchase warrant, entitling the holder to purchase an additional share at $0.30 for two years. The placement is subject to regulatory acceptance and expected to close by February 28, 2023. Proceeds will fund exploration in the southwestern US and working capital. Upcoming exploration includes various projects in Nevada and Arizona, where high-grade silver samples have been recorded.
Silver Range Resources Ltd. (SLRRF) has reported that its partner Rush Gold Corp. successfully completed a geophysical survey at the Skylight Property. This survey mapped a low-sulphidation epithermal system in detail, covering 28 line-km. The position and geometries of chargeability anomalies correlate with high resistivity zones, suggesting potential gold mineralization. A proposed drill program aims to explore this hydrothermal system further. The Skylight Property, located in Nevada, has not been drill-tested at its core, despite previous promising exploration results. Silver Range is actively seeking joint venture partners for its projects.
Silver Range Resources Ltd. (OTC PINK:SLRRF) announced exploration updates for its Stinson and Lucky Boy properties in Nevada. The Stinson Property, previously showing high-grade gold samples (up to 9.99 g/t Au), is being further explored with systematic sampling planned. The Lucky Boy Property, known for high silver values (up to 1,535 g/t Ag), recently underwent a soil geochemical survey, revealing significant gold and silver responses. A total of 55 samples were analyzed from Stinson and 14 from Lucky Boy, confirming the presence of precious metals.