DAILY NEWS Nov 20, 2012 3:58 PM - 0 comments

SILVER: Maiden resource at Keg holds close to 40M oz

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YUKON – Silver Range Resources has released the initial resource estimate for its Keg silver-base metal deposit at the Silver Range project near Faro. Using a 16 g/t Ag cut-off, the deposit has 39.8 million inferred tonnes at 30.3 g/t Ag plus "significant" zinc-copper-lead-tin-indium values. The deposit is believed to contain 38.7 million oz of silver, 675 million lb of zinc, 228 million lb of lead, and 131 million lb of copper.

The Keg deposit is one of 24 mineralized zones that the company has discovered at the Silver Range project. It has been traced by drilling over a length of 1,100 metres, across true widths of 40 to 250 metres, and through a vertical depth of 350 metres beginning at the surface.

The Keg Main zone hosts a mixture of common sulphide minerals, which occur as fracture filling and in skarn replacement horizons within a broad structural corridor that cuts east-west across a section of clastic, cherty and carbonate rich sedimentary rocks, according to Silver Range. It is located in an area with very few bedrock exposures, but is marked by strong soil geochemical and geophysical anomalies.

The maps and photos of the project, posted at SilverRangeResources.com, may be of interest to our readers.

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