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Exploration Update on Espiritu, El Cuervo, Suzanne & Ofelia
Exploration Update on Espiritu, El Cuervo, Suzanne & Ofelia
About this update from Klondike Silver Corp.
[{"type":"text","content":"Exploration Update on Espiritu, El Cuervo, Suzanne & Ofelia\n\n\n\nExploration Update on Espiritu, El Cuervo, Suzanne & Ofelia\n\nVancouver, British Columbia CANADA, July 08, 2008 /FSC/ - Klondike Silver Corp. (KS - TSX Venture, KLSVF - OTCBB_Pink_Sheets), and Kootenay Gold Inc. (\"Kootenay\") (TSX-V: KTN) are pleased to report an exploration update on the generative properties optioned from Kootenay Gold to Klondike Silver in the state of Sonora, Mexico.\n\nAll areas are in early stages of modern discovery and in all cases there are evidences of old artisan workings.\n\nESPIRITU \n\nThe Espiritu prospect is represented by a polymetallic Au, Ag, Cu, Pb & Zn mineralization that is traceable for up to 4 km in length to 500m in width. The mineral system is related to a NE trending structural zone hosting stockworks, veins and breccias mineralized with secondary metallic oxides, galena, sphalerite, chalcopyrite and sulphosalts.\n\nMineralization is hosted in argillic, sericitic, silica and biotite alteration zones and appears to be associated with at least two porphyry systems. Metals values are anomalous to highly anomalous over the whole length of the system and include gold (to 3720 ppb), silver (to 1231 ppm) and numerous locations of copper, lead and zinc with values greater than 1%. \n\nA total of 55 grab samples have been collected ranging from background to the above noted highs.\n\nEL CUERVO \n\nThis prospect contains both skarn and epithermal low sulphidation mineralization. The mineralization is related to granitic rocks intruding a massive limestone unit located at and along a major basin and range front fault. The skarn has been traced for in excess of 2 km strike length and in excess of 500 m wide along the contact of the granitic rock and the limestone. The skarn is a complex array of magnetite, hematite, garnet, pyroxene, actinolite, chlorite, epidote and ilvaite. The skarn is polymetallic with anomalous Au, Ag, Cu, Pb, Zn, Mo & W. Values range to Au (2550 ppb), Ag (237 ppm), Cu (2.9%), Pb (1.8%), Zn (10.9%), Mo (12500ppm) & W (2100ppm). The skarn is strongly zoned with strongest mineralization in the eastern parts.\n\nThe epithermal, low sulphidation zone is hosted in Tertiary rhyolites to the immediate west of the skarn and appears to represent a high level stage of mineralization related to the down drop...