Silver Range Resources Ltd. forms Joint-Venture at Hannapah Project near Tonopah, Nevada - Seite 2

Modern exploration in the district includes staking and exploration by Kinross Gold, Wolfpack Gold, Seabridge Gold and Pilot Gold. Silver Range staked claims in the district in 2017 and was joined by Mercury in 2018. In 2019, Mercury optioned Silver Range's claims and in turn optioned the entire package to Infield Minerals Corp. Infield conducted an exploration program on the Project in 2020 and terminated the option in 2021. Mercury subsequently completed an airborne total magnetic field survey on the Project and Silver Range completed a three-dimensional inversion of consolidated aeromagnetic data in October 2022.

Silver Range and Mercury believe the fault network on the Hannapah Project may host significant epithermal silver-gold mineralization including potential bulk tonnage mineralization. Both companies intend to conduct frequency domain electromagnetic field surveys to map the fault network to be followed by detailed rock and soil sampling; geologic and alteration mapping; and shallow drilling. A short video technical presentation on the Hannapah Project is available on Silver Range's website at https://silverrangeresources.com/projects/nevada/hannapah/.

Historical data on the Hannapah Project was obtained from the Nevada Bureau of Mines and Geology district files and other archival sources. This information together with sample results reported by Mercury and Infield Minerals Inc. cannot be independently confirmed by Silver Range. Technical information in this news release has been approved by Mike Power, M.Sc., CPG, President and CEO of Silver Range Resources Ltd. and a Qualified Person for the purposes of National Instrument 43-101.

About Silver Range Resources Ltd.

Silver Range is a precious metals prospect generator working in Nevada and Northern Canada. It has assembled a portfolio of 43 properties, of which 11 are currently under option to others. Four other properties have been converted to royalty interests. Silver Range is actively seeking other joint venture partners to explore the high-grade precious metals targets in its portfolio.

ON BEHALF OF SILVER RANGE RESOURCES LTD.

"Michael A. Power"
President and Chief Executive Officer

For further information concerning Silver Range or its exploration projects please contact:

Investor Inquiries

Richard Drechsler
Vice-President, Communications
Tel: [phone]
NA Toll-Free: [phone]
[e-mail]
http://www.silverrangeresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

SOURCE: Silver Range Resources Ltd.

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The Silver Range Resources Stock at the time of publication of the news with a raise of 0,00 % to 0,090CAD on Frankfurt stock exchange (06. Dezember 2022, 08:15 Uhr).