Silver Range Resources Ltd. said Oct. 11 that summer exploration returned samples up to 116 g/t of gold in the Ennadai Lake area in western Kivaliq of Nunavut, Canada.
The company noted that work focused on two gold targets, the Hard Cash and the Nigel properties. Nigel, a recent acquisition by Silver Range, is located 15 kilometers west of Hard Cash.
The most significant occurrence recently found is the swamp showing near the southwest shore of Ennadai Lake, which showed Archean lode gold-style mineralization consisting of laminated quartz veins.
Recent prospecting and sampling by Silver Range also uncovered a new zone of quartz-ankerite veining in altered mafic volcanics returned bedrock samples up to 11.45 g/t of gold.
Work to date has defined a 3.4-kilometer corridor of gold mineralization in both float and bedrock.