Dec 3 2014
Silver Range Resources Ltd. announces that further to its November 12, 2014 news release, it has completed and filed the National Instrument 43-101 report entitled, "Technical Report on the Mel Zinc-Lead-Barite Property, Watson Lake Mining District, Southeast Yukon".
The Mel Report can be viewed under the Silver Range profile at www.sedar.com or on the Silver Range website.
The Mel Report was prepared by Gary Giroux, P. Eng., M.A.Sc. (Giroux Consultants Ltd.) and Leo King, P. Geo., both of whom are independent qualified persons as defined in National Instrument 43-101.
The Mel Property lies 80 km east of Watson Lake and 40 km north of the Alaska Highway. The Mel Report contains a resource estimate for the Mel Main Zone which hosts an inferred resource of 5.38 million tonnes grading 6.45% zinc, 1.85% lead and 44.79% barite (BaSO4), at a cut-off grade of 5.0% zinc-equivalent. The zinc-equivalent was calculated using metal prices of US$0.89/lb. zinc and US$0.96/lb. lead and assuming 90.3% zinc recovery and 97.7% lead recovery.
As also announced on November 12, 2014, Silver Range has commissioned a barite marketing study by World Industrial Minerals Inc ("WIM"), of Arvada, Colorado. The barite marketing study concluded that barite from the Mel Property could likely be sold into the drilling products market in Western Canada and Alaska. Based on current demand, WIM estimated that sales of 50,000 tonnes per year at $US 100/tonne would be reasonable into the Western Canadian market. The study also recommended that further work be conducted to verify that impurity levels meet specifications.
Source: http://www.silverrangeresources.com/