Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) says its partner Rush Gold Corp has completed a geophysical survey at the Skylight property in Nevada, mapping the deeper reaches of a large low-sulfidation epithermal system.
Rush Gold optioned the Skylight property from Silver Range in 2020 and has applied for listing on the Canadian stock exchange, Silver Range said in a statement.
In November 2022, Rush Gold contracted Aurora Geosciences Ltd to conduct an extremely low-frequency electromagnetic survey at the Skylight property, the company reported.
READ: Silver Range Resources options Bellehelen gold-silver project in Nevada to Excalibur Metals
The data collected was inverted and the inversion mapped a zone of high resistivity east of the silica caps which are the surface expression of the hydrothermal system.
This feature is interpreted to be a zone of silica deposition and alteration at depth, potentially the deeper portion of the hydrothermal system, Silver Range said.
A drill program has been designed to explore the full extent of this system, the company added.
Silver Range is a precious metals prospect generator working in Nevada and Northern Canada. It has assembled a portfolio of 45 properties, of which 13 are currently under option to others.
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