För 6 månader sedan skrev jag ett inlägg om hur billig Silver Range Resources var vid 1,5 cent: Man får nypa sig själv i armen
Idag ligger aktien över 15 cent, dvs tusen procent högre, en väldigt bra resa hittills. I min ögon är detta bara början. Trots 10 gånger ökning av aktiekursen är marknadsvärdet fortfarande under $10 miljoner. Imo, fortfarande det bästa alternativet för den som vill investera i ett small cap guld/silverbolag. Även om aktien skulle skjuta upp till $1/aktie är den imo billig baserat på deras tillgångar.
Sedan första inlägget om Silver Range har det hänt en del, bolaget har plockat in 7 nya projekt i portföljen till ett väldigt lågt pris för aktieägarna. Det har inte funnits så mycket info att tillgå gällande dessa nya projekt, men av en ren tillfällighet hittade jag en hel del info i en pdf-fil på deras hemsida. Bla visade det sig att ett av dessa projekt ligger bara 5 km ifrån Santa Fe, ett av världens bästa guldprojekt.
Alla dessa nya projekt har någon form av fyndigheter dokumenterade sedan tidigare, antingen grab samples, trenches eller borrresultat. Alla har visat på relativt höga halter av främst guld, men även silver och basmetaller. De ligger i Nevada, North Western Territories & Nunavut. Eftersom alla kanske inte orkar bläddra igenom Pdf:en som länkdes igår kopierar jag in all info rörande projekten här:
Up Town Gold Property
The Up Town Gold Property consists of six claims covering 3,327 hectares, and is located six
kilometers from Yellowknife, NWT, and is accessible by road, helicopter, float or ski plane. In
1960, gold-bearing quartz veins and shear zones were discovered on what is now the Up Town
Gold Property, and the property was subsequently explored by Rodstrum Yellowknife Mines
which carried out geological mapping, prospecting, trenching and drilling, and resulted in the
discovery of several significant showings. Two showings were extensively drilled, and small
resources were defined. The property subsequently was allowed to lapse, but was then re-staked
in 1975. During 1979 a small high grading operation produced 11 tonnes of hand-sorted
mineralization grading 56.5 g/t gold.
Following a subsequent lapsing, in 2011, the property was staked by Panarc Resources Ltd. Under option arrangements with Panarc, exploration (consisting of geological mapping, prospecting, channel sampling and drilling of six holes) was completed by Manson Creek Resources Ltd. (2011‐2012) and North Sur Resources Ltd. (2013‐2014). Panarc carried out additional mapping, channel sampling, magnetometer and VLF-EM surveying, plus the drilling of four additional diamond drill holes. This work was able to extend the highgrade mined zone 35 meters north of the 1979 pit, and generated drill hole assays as high as 7.91 g/t gold over 1.84 meters, and grades in excess of 10 g/t in all four channel samples taken from the dewatered pit.
Bling Gold Property
The Bling Property is located in Nunavut, 405 km northeast of Yellowknife, NWT. The property,
covered by a single 1,024 hectare claim, is accessible by helicopter or float/ski plane. It is
underlain by metavolcanic and metasedimentary rocks of the Yellowknife Supergroup of
Archean age. The property is located 160 km southeast of the Lupin Mine and 60 km east of the
Lupin Mine winter access road. Other deposits in the area are the Ekati Mine, 100 km to the
southwest, and the Back Lake and George Lake deposits to the north.
The metavolcanics/sediments in the property area strike predominantly NW-SE and dip
moderately east. Mineralization consists of arsenopyrite, pyrite, and pyrrhotite, along with quartz
and hornblende in an exhalite horizon near the contact between metasediments and overlying
mafic volcanics. A zone containing several sulphide horizons has been exposed over a total strike
length of 250 meters. Individual sulphide lenses are up to five meters thick and up to 90 meters
long. The showings are coincident with a prominent VLF-EM conductor with a total strike length
exceeding 750 meters. The sulphide lenses are surrounded by weak silicic, carbonate and sericite
alteration envelopes. Gold is associated with the arsenopyrite, and numerous samples returned
assays greater than 10 g/t gold, with some chip samples as high as 16.0 g/t gold over 2.0 meters.
The mineralization appears to stratigraphically controlled, is not structurally disrupted, and is
located along an extensive regional contact.
Gold in the Bling Property area was first discovered by Bow Valley Industries in 1985. They
established two grids, collected 546 rock samples, carried out geological mapping, prospecting
and VLF-EM plus magnetometer surveys. In 1986 they joint ventured the property with
Welcome North Mines, who carried out more of the same type of work including collecting
1,608 samples (299 of which returned assays of more than 1 g/t gold), and recommended a
diamond drilling program which was not done.
The Bling Property was subsequently dropped and then later picked up by Panarc. In 2011,
Panarc conducted a reconnaissance mapping and prospecting program on the property to verify
the historic data. Of the 57 samples collected, 10 returned values greater than 1 g/t – confirming
the historic results. The Bling Property has never been drilled, and the full potential of the area is
unknown. Panarc intends to conduct a program consisting of gridding, geophysical (HLEM)
surveys followed by shallow diamond drilling beneath the established showings to investigate the
mineralization at depth. They believe the property has considerable regional potential, and
requires airborne geophysical surveys, mapping, prospecting and trenching.
Esker Lake Gold Property
The Esker Lake Property is located on the south shore of Esker Lake in the Kitikmeok Region of
Western Nunavut approximately 400 km northeast of Yellowknife. The property is a single claim
with an area of approximately 870 hectares, and is situated 145 km east-southeast of the Lupin Mine on Contwoyto Lake, and is about 50 km east of the nearest point on the Lupin Mine winter road. The Property can be reached by helicopter, or by fixed wing float and ski plane from
The Esker Lake Property is underlain by a broad arc of metamorphosed Archean sedimentary and
volcanic rocks which extend in a broad arc northwest from the Back River area to the Lupin
Mine area on Contwoyto Lake. Rock types are porphyroblastic greywackes, mudstones and
carbonaceous shales metamorphosed to lower amphibolite grade. The regional strike of the rock
units is northwest except where they wrap around domal granitic and orthogneiss intrusions.
Metamorphosed oxide, silicate and lesser sulphide facies iron formation occurs at various
stratigraphic levels within the metasediments, and are recognizable as prominent magnetic highs.
Gold mineralization in the Esker Lake area was discovered in 1986 during an exploration joint
venture between Sirius Energy Corp. and Argus Resources Ltd. At the initial discovery location
approximately 40 arsenopyrite occurrences associated with iron formation were found, with
samples assaying up to 2.31 g/t gold. Follow-up work in 1987 included establishing a large grid
covering the showings and carrying out systematic prospecting, geophysical (VLF‐EM and
magnetometer) surveying, geological mapping and trenching. This was followed by an airborne
magnetometer and VLF-EM survey over the area plus drilling of 15 holes on two zones in 1988,
and a further 21 holes in 1989. In 1990, Equity Silver Mines became the operator and they
conducted additional geophysical work and drilled 12 more holes.
The claims were subsequently allowed to lapse, were re-staked in 2007, and lapsed again before
the two main showing areas were re-staked by Panarc in 2012. Panarc conducted a brief
assessment program in 2015, which included prospecting, locating drill holes and trenches and
showing sampling, and ground magnetometer surveying. They obtained grab samples ranging
from 7.6 to 26.8 g/t gold on the two showings and a chip sample running 2.32 g/t gold over 2.6
Gold Bugs Property
The Gold Bugs Property is located in Nunavut, 390 km northeast of Yellowknife, NWT. It
consists of six claims covering approximately 4,418 ha. The property is 160 km southeast of the
Lupin Mine and 120 km southwest of the George Lake / Goose Deposits. It is readily accessible
by float/ski plane or helicopter, and in winter could also be accessed from the Lupin Winter
Road, about 50 km to the west. The Gold Bugs Property is underlain by Archean
metasedimentary rocks which extend in a broad arc between the Back River volcanic complex
and the Itchen Lake volcanic complex The general stratigraphic sequence in the area consists of
basal volcanic and overlying marine sedimentary rocks, and is considered equivalent to the
Yellowknife Supergroup further to the south.
Although exploration in the area went back to the 1940’s, the first discovery of gold was made in
the early 1960’s at what would become the future Lupin Mine, by Canadian Nickel Company
(Inco), who then terminated exploration in 1964. Soon after, Echo Bay Mines acquired the
property, and after re‐evaluation of the property put the Lupin Mine into production in 1979. This
event promoted a flurry of land acquisition and exploration in the regions surrounding the Lupin
In 1986, Argus Resources Ltd. carried out a program of geological mapping, sampling and
geophysical surveying in the vicinity of Esker and Regan Lakes. The program led to some
success, and Argus reported gold values of up to 75 g/t and staked additional claims in 1987 and
1988 prior to diamond drilling in the winter of 1988. This activity prompted Bresea Resources
Ltd. to stake adjoining land in 1987 and to follow this with an airborne VLF-EM survey, as well
as prospecting and mapping in 1989. The Bresea work lead to the discovery of three auriferous
zones, all within amphibolitic iron formations similar to the Lupin Mine. From the 263 grab
samples taken on the zones, more than ten assayed above 1 g/t gold, and one sample was as high
as 30.8 g/t.
The claims were subsequently allowed to lapse, but were re-staked by Panarc in 2011. Panarc
then ran two field programs in 2011 and 2012 designed to re-locate and re-sample the historic
high-grade showings and to verify the historic results. This work led to collection of 42 samples
of which nine assayed above 1.0 g/t gold. Of these nine, only three were from outcrop and the
rest were from float.
Hard Cash Property
The Hard Cash property in Nunavut, located 311 kilometers northeast of Stony Rapids,
Saskatchewn, and 538 kilometers southwest of Rankin Inlet, is accessible by float plane or
helicopter. There is an all-weather gravel air strip at Ennadai Lake Lodge, 35 kilometers east of
the property. The property consists of three mineral claims, and covers an area of almost 3,000
Gold mineralization was discovered on the Hard Cash property in 1946, and the property was
subsequently explored by Don Cameron Exploration Ltd. from 1946 through the 1950’s with
prospecting, trenching, and diamond drilling (2,800 feet over 9 holes). Surrounding areas were
staked and explored by three companies, and they collectively discovered five gold and one base
metal showings. The area covering all of these showings was staked by Panarc in 2011, and in
2012 the Company conducted prospecting and mapping – focused on the Swamp Showing.
The Hard Cash property occurs in the Ennadai Greenstone Belt of the Hearne Domain, Churchill
Province of the Canadian Shield. Rocks in the area of the showings consist of basal mafic
volcanics overlain by felsic volcanics metamorphosed to upper greenschist/lower amphibolite
facies and intruded by granite. Work by Panarc in 2012 centered on the Swamp Showing, and
located three veins hosting bedrock mineralization assaying up to 36 g/t gold within a much
larger float train with samples running to 174 g/t gold and 1192 g/t silver. Fifteen of 49 samples
collected returned gold assays greater than 10 g/t gold, and 14 of 49 samples returned silver
grades greater than 100 g/t silver. The mineralization is hosted in thin (10 to 50 centimeter)
tabular, steeply dipping veins on the east side of a wide regional shear zone at the contact
between felsic and mafic volcanic rocks.
In summary, the results of work to date show that the Hard Cash property hosts at least seven
gold occurrences, including shearhosted lode gold (Swamp Showing) and stratabound iron
formation-hosted gold (ENN 8). The most advanced prospect is the Swamp Showing, where
sampling, trenching, and geophysics have identified a drill target. Float mineralization extends
over a wide area both up-ice and across strike from the exposed veins, suggesting that there are
multiple sources for the gold mineralization. A persistent VLF-EM conductor follows the Swamp
Showing shear zone for over one kilometer, and is open on strike both northeast and southwest of
the showing. Based on the foregoing, Panarc intended to conduct airborne electromagnetic and
magnetic surveys over the property to map the major shear zones near the Swamp Showing and
gold-bearing iron formation in the volcaniclastic unit (ENN 8 showing). The foregoing would be
followed by ground IP surveys and drilling (about 3,000 meters over ten to fifteen holes).
The Bellehelen property is an epithermal gold and silver target with minor past production. It is
located in Nye County, Nevada, and is approximately 80 kilometers east of Tonopah. The
property, accessible by four-wheel drive vehicles on existing BLM roads, consists of eight Lode
Mining claims covering an area of about 160 acres (65 hectares).
Gold was discovered in the area, which became the Bellehelen mining district, in 1904. Most of
the mining activity occurred between 1906 and 1910, when about 50,000 ounces were produced
from several mines in the area. The property covers the Ajax Mine (contains a two-compartment
production shaft), which may be the Western Gold Group of the Bellehelen Mine. Although there
are numerous other exploration shafts, adits, and trenches in the area, none appear to have been
The Bellehelen property is located in the Walker Lane district of western Nevada – a structural
corridor containing numerous Tertiary volcanic centers and associated epithermal mineral
deposits. The property is underlain by Oligocene tuff from the Kawach Caldera Complex located
14 miles southwest of the property. Mineralization consists of quartz with pyrite and grey
sulphides in an east trending quartz vein system up to two meters wide. Reconnaissance grab
samples from waste piles in the area returned up to 0.75 g/t gold and 287 g/t silver.
Significant underground exploration and minor production appears to have been conducted from
a shaft east of the Ajax Mine at a site which is likely the Western Gold Group showing. This
shaft is at least 50 meters deep, and is surrounded by a spill pile containing perhaps 800 cubic
meters of material. Reconnaissance in the area noted at least 12 shafts and adits on or
immediately adjacent to the property. A one-day reconnaissance program in 2013 returned
numerous assays from 0.20 to 0.75 g/t gold. The property is approximately 20 km northeast of
the Golden Arrow Deposit owned by Nevada Sunrise Resources Ltd. (measured and indicated
resources of 12.1 million tonnes at 0.75 g/t gold). The target at Bellehelen would be a similar
deposit, likely peripheral to or including known historic occurrences.
Road Gold Property
The Road Gold property is an epithermal gold and silver target with minor past production. It is
located in Mineral County, Nevada, and is situated between Tonopah and Reno, and about 10
kilometers northwest of Luning. The property, accessible by four-wheel drive vehicles on
existing roads, consists of six Lode Mining claims (in two groups of 4 and 2 claims, respectively)
covering an area of about 120 acres (49 hectares).
The Road Gold property is located in the Santa Fe mining district, 1.7 kilometers west of the
Isabella Pear Mine (currently in final permitting), and 5.0 kilometers west of the Santa Fe Mine,
which produced at various times – most recently between 1982 and 1995. There is evidence of
past exploration and minor production. At the Isabella Mine showing (IS Claims), there is a large
area of flattened waste and tailings as well as concrete footings from a small mill near a
production shaft. At the Section 33 showing on the RG Claims, minor production and hand
sorting may have occurred from two shafts.
Mineralization on the claims consists of high sulphidation epithermal gold and silver-bearing
quartz veins and vein systems. The veins (NNW to NNE) consist of quartz containing from trace
to 10% pyrite, lead, and copper sulphides and their oxidation products. The veins at the Isabella
Mine showings are exposed on strike for up to 130 meters, and rock samples from these veins
returned results up to 5.88 g/t gold, 332 g/t silver, 1.29% zinc, and 6.52 % lead (with elevated
arsenic to more than 400 ppm. The Road Gold and Section 33 showings appear to be part of a
mineralizing system extending for approximately 700 meters. The veins associated with the
Section 33 showings are exposed over a distance of 300 meters. The Road Gold showing consists
of widespread copper alteration and disseminated sulphides in altered diorite and quartz veins.
Grab samples of outcrop and rubble-crop mineralization returned values up to 1.59 g/t gold, 36.1
g/t silver, and 3.89% copper, together with elevated arsenic to 469 ppm.
The Road Gold property area has not received much attention to date because exploration has
focused on the overlying Tertiary volcanic rocks in which oxide gold deposits occur in permeable
tuff layers. Both the Santa Fe and Isabella Pearl Mines, however, host significant mineralization
in the underlying basement rock. With the imminent construction of the Isabella Pearl Mine,
attention will likely move on to these basement rocks and similar showings. In addition, the
discovery of even a relatively small resource on the Road Gold property could create significant
value given the proximity to the new mine. At the Santa Fe Mine, gold mineralization has been
traced to a depth of more than 600 meters below surface in the same rock package as that found
at the Road Gold property.