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Silver Range Resources Reports Drill Results, Identifies Two New Mineralized Zones, and Appoints Vice-President Communications

October 30, 2013 – Silver Range Resources Ltd. (TSX-V: SNG) (“Silver Range” or “the Company”) is pleased to announce results from exploration and drilling at its wholly owned Silver Range Project located in Yukon Territory. The Silver Range Project is situated 10 to 40 km north of the town of Faro, the former site of large-scale lead-zinc-silver mining operations.

The 2013 exploration program included 1,156 m of diamond drilling in seven exploration holes and one geotechnical hole, together with prospecting and detailed mapping on silver-rich structural targets surrounding the Company’s core Keg Deposit. The bulk-tonnage Keg Deposit contains 38.7 million ounces of silver, 675 million pounds of zinc, 228 million pounds of lead, and 131 million pounds of copper in inferred resources (see further details below). Metallurgical results show that mineralization responds very well to conventional copper/lead/zinc flotation processing with excellent recoveries of payable metals.

Highlights of the 2013 exploration program include:

  • A single exploration drill hole was completed at the Hammer Zone and returned 337.00 g/t silver, 0.487% lead and 4.590% zinc over 0.49 m from the Central Vein. Previous broadly-spaced drilling at the Hammer Zone outlined a large high-grade epithermal system, with three subparallel, silver-rich veins traced for strike lengths of up to 600 m and through a vertical range of 280 m. All veins are open for extension along strike and to depth;
  • Further drilling at the Owl Southwest Zone extended mineralization to the northeast and downdip. Results from three completed drill holes include 152.4 g/t silver, 0.792% lead and 0.135% zinc over 2.61 m and 42.58 g/t silver, 0.133% lead and 0.240% zinc over 11.18 m. Only two drill holes had been previously completed at the Owl Southwest Zone, both of which returned significant silver intersections including 5,370 g/t silver over 0.34 m and 432 g/t silver over 1.50 m; and
  • Silver-rich mineralization was discovered in two new areas of the property, with rock samples returning 982 g/t silver, 4.180% lead and 9.730% zinc at the Newton Zone and 504 g/t silver, 1.060% copper and 14.35% lead at the Gauss Zone.

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