logo-loader

Silver Range Resources expands the Enigma property into the Cambridge project in Nevada

Published: 08:59 28 Apr 2021 EDT

Silver Range Resources Ltd. - Silver Range Resources Ltd expands the Enigma property into the Cambridge project in Nevada
Silver Range says further exploration including soil sampling, geological mapping, geophysical surveys, and trenching is planned for later this year to identify drill targets

Silver Range Resources Ltd (CVE:SNG) (OTCMKTS:SLRRF) (FRA:8SR) reports it has consolidated the historic Cambridge Mining Camp in the Walker Lane of western Nevada. 

Silver Range has entered into a joint venture with Auburn Gold Mining LLC of California to consolidate their respective claim holdings in the area of the Cambridge Mine and to explore the combined claim holdings (the project) in a coordinated manner. 

Auburn holds 15 Federal Lode Claims covering the Cambridge Mine and Silver Range holds 21 claims covering the nearby Enigma Property centered on the Price Lode showing. Both companies jointly own a block of 15 intervening claims. 

READ: Silver Range Resources closes $582,500 financing to fund exploration on its Nevada precious metals portfolio

Silver Range said the consolidated Cambridge Property is 9 kilometers (km) east-northeast of the Pine Grove Project, a development stage joint-venture between Lincoln Gold Mining Inc (CVE:LMG) (OTCMKTS:LNCLF) (FRA:ZMG2) and Goldcliff Resource Corporation (CVE:GCN) (OTCMKTS:GCFFF). It is also 8km northeast of the Rockland Mine, recently optioned by Evergold Corp (CVE:EVER) (OTCMKTS:EVGUF) (FRA:5EG). The Cambridge Mine, together with these two other projects, are the principal gold occurrences in the Wilson Mining District.

Silver Range said gold in the Camp was first discovered near the Cambridge Mine in the 1860s with no record of recent major company activity. The company staked the Price Lode workings west of the Cambridge Mine in 2016 and explored the target as the Enigma Property with prospecting, sampling, and geophysical surveys. 

Auburn Gold staked the Cambridge Mine in 2019 and the two companies formed a JV to consolidate and explore the Camp in 2020.

Silver Range said grab sampling on the project to date has recovered 41 samples with 10 assaying greater than 2 grams per ton (g/t) gold, 5 assaying greater than 10 g/t gold, and the best sample returning 73.3 g/t gold. 

Auburn and Silver Range completed airborne radiometric and total magnetic field surveys and orientation soil surveys on the property in the fall of 2020. 

In February, Auburn and Silver Range concluded a Letter of Intent to consolidate and advance the Cambridge Property. In March, a brief rock sampling program was conducted near the Cambridge Mine to extend the current prospecting coverage. Results are pending. 

In a statement, Silver Range said further exploration including soil sampling, geological mapping, geophysical surveys, and trenching is planned for later this year to identify drill targets.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

Silver Range Resources provides update on exploration activities and sells...

Silver Range Resources CEO Mike Power joined Steve Darling from Proactive to announce the sale of the South Weepah Property to Fortitude Gold (OTCQB:FTCO). The transaction involved a sale price of $10,000 along with a 2% Net Smelter Return (NSR) covering the four property claims and a...

on 02/21/2024