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Klondike Silver Confirms Widespread Copper-Gold-Silver Mineralization at Espiritu
Klondike Silver Confirms Widespread Copper-Gold-Silver Mineralization at Espiritu
About this update from Klondike Silver Corp.
[{"type":"text","content":"Klondike Silver Confirms Widespread Copper-Gold-Silver Mineralization at Espiritu\n\n\n\nKlondike Silver Confirms Widespread Copper-Gold-Silver Mineralization at Espiritu\n\nVancouver, British Columbia CANADA, April 03, 2009 /FSC/ - Klondike Silver Corp. (KS - TSX Venture, KLSVF - OTCBB_Pink_Sheets), is pleased to announce that recent work carried out by Espiritu project operator Kootenay Gold (TSX-V: KTN) has confirmed the project is host to an extensive area of polymetallic vein, stockwork, breccia and copper-gold porphyry mineralization. Mineralization and alterations are hosted along a 5 km east northeast trending structure that measures between 1 to 2 kilometres in width. The Espiritu project is located approximately 150 km east of Hermosillo, in Sonora State, Mexico.\n\nDr. Tom Richards, VP of Exploration for Kootenay commented, \"The silver-gold enriched veins occurring within and adjacent to the copper-gold porphyry style mineralization provide a setting where the porphyry mineralization may be significantly enriched by the precious metal vein system. The potential for precious metal enrichment would significantly enhance the economic potential of the Espiritu\".\n\nTwo zones of mineralization have been identified; the northeast zone dominated by a porphyry setting is separated by a major fault from the southwest zone dominated by polymetallic veins and stockworks of precious and base metal mineralization. The two zones appear to be genetically related and the polymetallic vein/stockwork systems represent mineralized systems that would be expected to overlie the porphyry setting. \n\nThe current prospector sampling and mapping work is of a reconnaissance nature and has served to define the mineralized settings. Two hundred and sixty-one samples have been collected, with 169 from the northwest porphyry setting.\n\nNortheast Zone\n\nThe northeast Espiritu porphyry prospect is a 2.2 km x 1.4 km sub-circular area defined by a concentric pattern of zonation diagnostic of copper gold porphyry deposits. The different zones are strong propylite, argillic, sericitic and potassic (biotite) alteration hosted in a biotite, feldspar quartz porphyry. A leach-cap zone is coincident with the Extensive leaching of the argillic and sericite alteration zones has resulted in the develop...