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Rio Silver Defines Extensive Gold in Soil Anomalies over 15 km of Iron Formation Stratigraphy at the KAN Project
Rio Silver Defines Extensive Gold in Soil Anomalies over 15 km of Iron Formation Stratigraphy ...
About this update from Rio Silver Inc.
[{"type":"text","content":"\nRio Silver Defines Extensive Gold in Soil Anomalies over 15 km of Iron Formation Stratigraphy at the KAN Project\n\nRio Silver Defines Extensive Gold in Soil Anomalies over 15 km of Iron Formation Stratigraphy at the KAN Project\nToronto, Ontario CANADA, March 05, 2012 /FSC/ - Rio Silver Inc.  (RYO - TSX Venture), (the \"Company\") is pleased to announce the final results from the 2011 soil and rock geochemistry program at the KAN project located in the northern part of the Labrador Trough, Nunavik Territory, Quebec.  The KAN project represents an emerging exploration district covering 214 square kilometres or 21,470 hectares of highly prospective stratigraphy over 35 kilometres of strike length.\nThe VTEM survey clearly mapped the iron formations at the KAN project and the correlation between the gold mineralization and the host iron formation is evident. (see Figures 1 & 2) A total of 1434 soil samples were analysed and 52 of the samples returned results > 75 ppb Au (highest threshold).  The intensity of the gold in soil anomalies directly over the iron formation combined with the successful channel sampling program has been extremely beneficial in prioritizing the gold targets for the proposed 2012 drill program.\nMineralization at KAN is similar to the Meliadine gold project in Nunavut, with gold being associated with intense quartz carbonate veining and stockwork within structurally complicated and folded iron formation. (see Figure 3)  The 2011 field season included 1434 soil and 492 rock samples collected over the Ferricrete and KAN areas and the results are consistent with the geological model of iron formations hosting the gold mineralization.  The gold in soil anomaly trends are associated with the iron formation extending over 15 kilometres from the KAN area where the iron formation is folded extensively to the Ferricrete Zone and represents only a portion of the prospective stratigraphy.  The iron formation continues north towards the Koke property of Xstrata, which is adjacent to the KAN northern claim boundary.  These grid soil samples expanded the target potential over the iron formation with the gold trend being open in both northern and southern directions.\nSeveral surface iron formation gold targets were channel sampled in 2011 incl...