New Silver-Lead Mineralization Discovered
Source: CNNMoney.com ()
Klondike Silver Corp. (TSX-V: KS) (OTCBB: KLSVF) is pleased to announce the successful completion of this year’s
exploration program at the Connaught (CN) property, which is under option
from ATAC Resources Ltd. The property hosts an extensive system of
silver-lead-gold veins located within the Sixtymile Placer Gold Camp, 65 km
due west of Dawson City in western Yukon Territory. It is accessed by
four-wheel drive truck via the Sixty Mile Road off the Top of the World
Highway, which extends from Dawson City west into Alaska. The property is
being explored as a high grade lead-silver vein target modeled after the
highly productive Keno Hill district located 250 km to the east.
Terrain in the vicinity of the claim block is subdued with gentle to
moderate slopes flanking broad rounded hilltops. Outcrop is confined to
isolated tors on ridge crests. Geology consists primarily of metasediments
belonging to the Fortymile River and Klondike Schist Assemblages that are
in thrust contact with the South Fiftymile Batholith. The metasediments
are dominantly quartz-mica schist while the batholith is comprised of
quartz monzonitic to granitic gneiss. Historical work began in the early
1960s and continued intermittently through the mid 1980s. During that
time, exploration consisted of grid soil geochemical sampling, ground
geophysical surveys, bulldozer trenching and limited diamond drilling. It
identified numerous lead-in-soil geochemical anomalies and seven
silver-lead-gold bearing veins (referred to as #1 through #7) within a 13
km by 5 km area that is now mostly covered by the CN property.
Approximately 218 tonnes of galena/anglesite rich material is reported to
have been collected from the #1 and #3 Veins and shipped to the Cominco
smelter in 1976. The shipment reportedly averaged 2228.5 g/t (65 opt)
silver, 60% lead and 1 g/t gold.
vein zones are commonly associated with northeast trending, weakly to
moderately recessive weathering lineaments. Where exposed, …