NewsKlondike Silver, Kootenay drill 220.50 m of 0.14 g/t Au
2010-05-07 16:37 ET - News Release
Also News Release (C-KTN) Kootenay Gold Inc
Mr. James McDonald of Kootenay reports
ESPIRITU JOINT VENTURE- KLONDIKE SILVER AND KOOTENAY GOLD REPORT ON 2135M IN TEN HOLES AT ESPIRITU PORPHYRY PROSPECT, SONORA, MEXICO
Klondike Silver Corp. and Kootenay Gold Inc. have released results from drilling at the Espiritu copper-gold porphyry prospect in Sonora, Mexico.
The companies completed 10 diamond drill holes totalling 2,135 metres of HQ core at Espiritu. All results have now been received and compiled. Drilling was designed to test mineralization within a copper-gold porphyry system identified by generative work, prospect sampling and mapping. The area hosts polymetallic veining, intense stockwork development and strongly zoned alteration of a porphyry system.
The Espiritu porphyry setting covers an area of 1,200 by 800 m, underlain by a zoned alteration sequence and stockwork system marked by intense secondary leaching. A number of localities marked by the presence of secondary chalcocite suggested the presence of a potential secondary enrichment zone associated with the porphyry setting. Nine of 10 holes were drilled within the stockwork and leached zone with limited amounts of secondary copper encountered.
SIGNIFICANT INTERCEPTSHole From (m) To (m) Interval (m) Au (g/t) Cu (%) Ag (g/t)ESP-01-09 0.00 54.00 54.00 0.06 0.12 6.7Incl. 46.50 48.00 1.50 0.51 0.31 34.0ESP-02-09 21.00 69.00 48.00 0.19 0.10 2.0Including 31.50 33.00 1.50 1.80 0.07 2.0ESP-02-09 225.00 228.00 3.00 0.04 0.12 34.0ESP-03-09 No significant interceptsESP-04-10 102.00 117.00 15.00 0.14 0.15 1.1ESP-04-10 144.00 157.50 13.50 0.06 0.14 1.2ESP-04-10 213.00 222.00 9.00 0.07 0.16 0.8ESP-05-10 0.00 36.00 36.00 0.11 0.05 1.2ESP-05-10 67.50 69.00 1.50 0.39 0.02 0.5ESP-05-10 132.00 139.50 7.50 1.17 0.01 2.3Including 136.50 138.00 1.50 4.02 0.01 6.0ESP-06-10 0.00 220.50 220.50 0.14 0.15 1.1Including 1.50 13.50 12.00 0.42 0.25 0.9ESP-07-10 No significant interceptsESP-08-10 66.00 72.00 6.00 0.03 0.04 7.1ESP-09-10 No significant interceptsESP-10-10 No significant intercepts
Drill core was transported from the drill to the nearby field camp and core storage site by company staff and logged by the geologist on site. The geologist oversaw the recording of geotechnical data, as well as supervised the core cutting and sampling procedures.
All core samples were cut by diamond core saw with one-half being returned to the core box for reference and the other being bagged in a plastic sample bag. The bag was labelled, tagged, documented and sealed with a zip tie. Samples were placed in labelled rice sacks and sealed. All samples were recorded and delivered to the ALS Chemex sample preparation lab in Hermosillo, Sonora. Receipt of the samples was signed off at the preparation lab. Pulps of each sample were then prepared in Hermosillo and sent to ALS Chemex in North Vancouver, B.C., Canada, an ISO 9001-2000-certified laboratory. All of the samples referred to herein are core samples. A quality control and quality assurance program including the regular insertion by the company of duplicates, blanks and standards was instituted. ALS Chemex has its own system of replicate analysis and blanks which it provides to the company. Each pulp was analyzed using 30-gram fire assay for gold with AAS finish (ALS method Au-AA23) and a high-grade, four-acid digestion ICP-AES analysis package for an additional 33 elements, including silver, lead, zinc and copper (ALS method ICP61a). Over-limit samples for gold were subject to 30-gram fire assay with gravimetric finish (ALS code Au-GRA21). Over-limit silver, zinc, lead and copper samples were subject to ore-grade four-acid digestion or leach (ALS code OG62). Sample lengths vary from 0.5 to two m in width, with the majority being 1.5 or two m. The geological disclosure has been reviewed and verified by Kootenay's chief executive officer, James McDonald, PGeo, a qualified person for the purpose of National Instrument 43-101 -- standards of disclosure for mineral projects. Mr. McDonald is a director of the company.
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