Silver Range Partner Excalibur Metals Intersects a Broad Precious Metals Zone, Open at Depth at the Bellehelen Property
Original announcement by tmx on
- Company
- Silver Range Resources Ltd.
- Ticker
- SNG
- Exchange
- TSX
- Region
- Nye County, Nevada
- Primary commodity
- Silver
- Secondary commodities
- Gold
- Document categories
- Drill results, Agreement transaction
- Extracted
- 2026-09-16 22:37:50 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Excalibur Metals, a partner of Silver Range Resources, has reported maiden RC drill results from the Spyglass target at the Bellehelen Property in Nevada. The results include a high-grade silver intercept of 360 g/t Ag and 2.03 g/t Au over 1.52m, contained within a 100.58m wide zone at 16.7 g/t Ag.
Reasoning: Maiden RC drill results at Spyglass target show high-grade silver and gold intercepts with significant width, demonstrating a robust mineralized system open at depth.
Positive factors
- High-grade silver intercept (360 g/t) in a maiden program
- Significant width (100m) of mineralized intercept
- Mineralization open at depth and up-dip to surface
- QA/QC protocols and QP sign-off disclosed
Negative factors
- Apparent width only (true width not explicitly stated, assumed 80-90%)
- RC drilling used (lower confidence than diamond drilling)
Facts used in scoring: 5
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 360 g/t Ag is exceptionally high for a silver-gold system.
Evidence · text
“360.0 grams per tonne ("g/t") silver ("Ag")”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The document states true-widths are assumed to be 80-90% but not accurately evaluated.
Evidence · text
“True-widths are assumed to be 80-90% of the reported width; however, there is not sufficient data at this time to accurately evaluate the true-width”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release includes details on lab (MSA Labs), QP (Matthew Dumala), and methods (blanks, standards, duplicates).
Evidence · text
“Control samples comprising duplicates, blanks, and certified reference materials were systematically inserted and analyzed”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Results demonstrate mineralization extends from surface to at least 300m depth.
Evidence · text
“demonstrating that the system extends from surface to at least 300 metres below surface”
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Drill Results (5)
BH26001Bellehelen · silverGrade: 360Grade Unit: g/tIntercept: 1.52 mView all detailsHide details
Identity
- Hole ID
- BH26001
- Project
- Bellehelen
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- SNG
Geometry
- Grade
- 360
- Grade Unit
- g/t
- Intercept
- 1.52 m
- From
- 249.94 m
- To
- 251.46 m
- Intercept Depth
- 249.94 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BH26001:249.94-251.46
- Mining Method
- unknown
QA/QC
- Laboratory
- MSA Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-03T00:00:00.000Z
Reasoning: Exceptional silver grade in a maiden program.
Positive factors
- High grade intercept
Evidence · table
“360.0”
Context: 1.52
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BH26001Bellehelen · goldGrade: 2.03Grade Unit: g/tIntercept: 1.52 mView all detailsHide details
Identity
- Hole ID
- BH26001
- Project
- Bellehelen
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- SNG
Geometry
- Grade
- 2.03
- Grade Unit
- g/t
- Intercept
- 1.52 m
- From
- 249.94 m
- To
- 251.46 m
- Intercept Depth
- 249.94 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BH26001:249.94-251.46
- Mining Method
- unknown
QA/QC
- Laboratory
- MSA Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-03T00:00:00.000Z
Reasoning: High grade gold in a silver-focused intercept.
Positive factors
- Strong gold grade accompanying silver
Evidence · table
“2.03”
Context: 1.52
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BH26001Bellehelen · silverGrade: 16.7Grade Unit: g/tIntercept: 100.58 mView all detailsHide details
Identity
- Hole ID
- BH26001
- Project
- Bellehelen
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- SNG
Geometry
- Grade
- 16.7
- Grade Unit
- g/t
- Intercept
- 100.58 m
- From
- 248.41 m
- To
- 348 m
- Intercept Depth
- 248.41 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BH26001:248.41-348
- Mining Method
- unknown
QA/QC
- Laboratory
- MSA Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-03T00:00:00.000Z
Reasoning: Broad mineralized zone.
Positive factors
- Significant width
Evidence · table
“16.7*”
Context: 100.58
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BH26001Bellehelen · goldGrade: 0.1Grade Unit: g/tIntercept: 100.58 mView all detailsHide details
Identity
- Hole ID
- BH26001
- Project
- Bellehelen
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- SNG
Geometry
- Grade
- 0.1
- Grade Unit
- g/t
- Intercept
- 100.58 m
- From
- 248.41 m
- To
- 348 m
- Intercept Depth
- 248.41 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BH26001:248.41-348
- Mining Method
- unknown
QA/QC
- Laboratory
- MSA Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-03T00:00:00.000Z
Reasoning: Low grade gold in a wide intercept.
Evidence · table
“0.10*”
Context: 100.58
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BH26004Bellehelen · goldGrade: 0.73Grade Unit: g/tIntercept: 1.52 mView all detailsHide details
Identity
- Hole ID
- BH26004
- Project
- Bellehelen
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- SNG
Geometry
- Grade
- 0.73
- Grade Unit
- g/t
- Intercept
- 1.52 m
- From
- 105.16 m
- To
- 106.68 m
- Intercept Depth
- 105.16 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BH26004:105.16-106.68
- Mining Method
- unknown
QA/QC
- Laboratory
- MSA Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-03T00:00:00.000Z
Reasoning: Anomalous gold intercept.
Positive factors
- Anomalous gold
Evidence · table
“0.73”
Context: 1.52
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.