Silver Range Identifies New Exploration Targets at Drum Property, Utah

Silver Range Resources Ltd. has announced the identification of new exploration targets at its Drum Property in Utah. After analyzing historic data, including drill holes and surface samples from previous operators, Silver Range aims to explore structurally controlled Carlin-style mineralization. This type of gold deposit, resembling those on Nevada's Carlin Trend, suggests high potential for significant findings.

The Drum Property is characterized by Eocene gold mineralization associated with the Thomas Caldera's volcanic activity. Historic assays along the Joy Fault, a regional structure influencing gold distribution, showed notable results, like 3.94 g/t gold and 47.1 g/t silver. Silver Range plans further geologic mapping and sampling to pinpoint future drill targets.

An agreement grants Altius Minerals Corporation a 1% net smelter return on the project. Historical data, though unverified independently by Silver Range, positions the property as a promising gold exploration site.