Silver Range targets structurally controlled gold at Drum project

Mining Written by: Angela Harmantas 08:40 Thu 24 Sep 2026 --> Proactive has a commercial relationship with Silver Range Resources Ltd. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Silver Range Resources Ltd ( TSX-V:SNG OTC:SLRRF ) View Price & Profile Silver Range targets structurally controlled gold at Drum project Published: 08:40 24 Sep 2026 EDT Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF, FRA:8SR) has identified new drill targets at its Drum gold project in central Utah after compiling decades of historic exploration data. The company completed analysis of historic data from the Drum Property, originally collected by Goldfields Limited, Newmont Mining and Troymet Minerals. The dataset includes 41 drill holes, 476 surface rock samples, 1,121 soil samples, and gravity, magnetic and VLF-EM geophysical surveys. Gold mineralization at Drum is Eocene in age and shares geochemical and geological characteristics with Carlin Trend gold deposits in Nevada. Past operators concentrated on stratigraphically-controlled mineralization, but Silver Range said the strongest historic drill results were structurally controlled, prompting a shift in exploration strategy toward targets similar to the Goldstrike and Fourmile deposits in Nevada. The mineralization is linked to the eruption of the nearby Thomas Caldera, with the regional Joy Fault circumscribing the caldera and cutting through the property. Historic surface samples along the fault returned assays up to 3.94 g/t gold and 47.1 g/t silver. Three drill holes that tested the Joy Fault produced the property's best results to date, including 30.48 metres grading 0.97 g/t gold, with an interval of 1.52 metres at 6.57 g/t gold. Radial faults associated with the caldera extend west of the Joy Fault into carbonate rock, with a notable occurrence at High Grade Hill, where surface samples returned up to 310 g/t gold, 130 g/t silver and 0.38% tellurium. Silver Range plans further geologic mapping, prospecting, soil sampling and geophysical surveys to define additional drill targets. Altius Minerals Corporation (TSX:ALS, OTCQX:ATUSF) holds a 1% net smelter return royalty on the Drum Property. Gold mineralization on the property occurs in jasperoid replacements and breccias within Cambrian-age Orr Formation limestone. Silver Range staked the property in 2025. Continue reading