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Potential for new gold and diamond found in samples

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NUNAVUT

A University of Alberta research team has recovered three alluvial, kimberlitic diamonds from two small, separate samples of the Tree River Conglomerate (TRC) in the Kitikmeot Region of Nunavut. The recovered diamonds were from a sampling in the general area where samples were taken during regional mapping of the Anialik Lake Greenstone Belt in 1997.
The samples were collected from the basal unit of the TRC which contains abundant pyrite and anomalous to high‐grade gold. The samples were collected on IOL parcel CO‐69 about 300 metres from the boundary with the Tree River Property. Conclusive zircon age dating places the Tree River Conglomerate in the “Great Gold Deposition Event”.
Considering these results, Silver Range is designing a program to test the gold and diamond potential of the Tree River Conglomerate. As a precursor, the Company has submitted an Expression of Interest to Nunavut Tunngavik Inc. to obtain the mineral rights to explore IOL Parcel CO‐69.