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Rio Completes VTEM Survey and Stakes Additional 5,867 hectares of Favourable SEDEX Stratigraphy at KAN
Rio Completes VTEM Survey and Stakes Additional 5,867 hectares of Favourable SEDEX Stratigraph...
About this update from Rio Silver Inc.
[{"type":"text","content":"\nRio Completes VTEM Survey and Stakes Additional 5,867 hectares of Favourable SEDEX Stratigraphy at KAN\n\nRio Completes VTEM Survey and Stakes Additional 5,867 hectares of Favourable SEDEX Stratigraphy at KAN\nToronto, Ontario CANADA, January 11, 2012 /FSC/ - Rio Silver Inc.  (RYO - TSX Venture)(the \"Company\") is pleased to announce that Geotech Ltd. of Aurora, Ontario has completed a proprietary  Versatile Time-Domain Electromagnetic (\"VTEM\") survey at the KAN project located in the northern part of the Labrador Trough, Nunavik Territory, Quebec. The Company expanded the original VTEM survey to 1,227 line kilometres to cover the Dunes area immediately adjacent to the iron formation which was the priority focus for the 2011 exploration program. The preliminary survey results identified several untested VTEM conductors which may warrant follow-up diamond drill testing.\nThe Company also worked with geophysical consultants TerraNotes Ltd. of Toronto, Ontario and they identified a cluster of geophysical targets which follow two parallel linear structures running adjacent to the iron formation on the KAN property. (See attached geophysical survey maps). These new conductive targets are approximately 10 km south of Xstrata's KOKE massive sulphide deposit which has a reported historical, non NI 43-101 compliant, resource of: 1.06 million tonnes grading 6.86% zinc, 1.03% lead, 0.70% copper, 54.5 g/t silver and 1.03 g/t gold.\nAs a result of its findings, the Company has staked additional claims totalling 5,867 hectares of favourable stratigraphy expanding its land package to over 18,800 hectares along an emerging exploration district continuous over 31 kilometers of strike length.\nOn November 21, 2011, the Company reported that the sampling of  forty one previously identified massive sulphide boulders on the KAN property  returned average grades of  9.03 % zinc, 6.94% lead, 270 g/t silver and 0.65 g/t gold. The size and angularity of the boulders and the fact that they exist in three known clusters seems to point to various sources for the boulders. Some boulders exceed two metres in diametre which suggest a proximal source and the results will be used to identify structural trends and the potential for massive sulphide mineralization beyond the original KAN base metal showing. P...