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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.