Silver Range Resources

Skylight Project

In June 2017, Aurora Geosciences on behalf of Silver Range conducted a three-dimensional induced polarization (3DIP) survey over a grid centred on the silica caps at Skylight. The survey defined a network of chargeability linears, collectively forming a network with a nexus centred beneath the region of the silica caps. Elevated gold, silver and arsenic values are associated with several of these linear chargeability anomalies. The southern terminus of the most prominent appears to be the target inconclusively tested in Rimfire hole RC07-04. This failed to reach target depth but nonetheless intersected 10.67 m @ 0.490 g/t Au. Surface rock samples collected in this area returned 0.53 g/t Au and 0.86 g/t Au. The chargeability linear follows a gully with an associated clay alteration zone containing dickite and hydrothermal kaolinite.

Results of exploration work to date at Skylight indicate that it is underlain by a nearly completely preserved epithermal system and that the system is gold-bearing. The recent geophysical surveys have defined the system’s structural architecture and identified an area where fluid may have been most intense. Silver Range is designing a drill program to conclusively test this system, targeting the linear chargeability anomalies with best geochemical suppo