Commencement Of Airborne Survey & Ground Exploration Program At East Goldfield

VANCOUVER – Silver Range Resources Ltd. announced that the exploration program is underway at the East Goldfield Property in Nye County, Nevada. The survey will commence in the next few days following completion of ongoing surveys by Precision in the Tonopah area of west central Nevada. A total of 269 line-kilometres will be flown along lines spaced 50 metres apart, 30 metres above ground level. The results are anticipated to be useful in mapping the complex, highly altered volcanic stratigraphy present on the property.

A surface sampling program focusing on the area south of the central zone of hydrothermal alteration has been completed. Five targets were examined. The most promising is a 5-metre exposure of grey vuggy quartz with noteworthy disseminated pyrite, 380 metres east-northeast of the Tom Keane Mine shaft. This style of mineralization is known to host gold elsewhere in the Goldfield Mining District. Assay results from this work are pending. Silver Range intends to follow-up results with a program of small-diameter, shallow diamond drilling employing man-portable lightweight drills. Drilling is scheduled to begin in November.