$KLM News out
https://www.stockwatch.com/News/Item/Z-C!KLM-3257285/C/KLM
https://cdn-ceo-ca.s3.amazonaws.com/1h8smed-2022-05-25-KLM-Alpha%20Vein%20news%20release.pdf
+4,800 g/t Ag Silver underground at Rye Patch Silver Mine, Nevada $KLM
Victoria, British Columbia - (May 25, 2022) - Kermode Resources Ltd (TSXV: KLM) ("Kermode" or the "Company") reports the first round of underground sampling at the Rye Patch Mine returned assays up to 4,893 grams silver per metric tonne (g/T Ag). This high-grade silver was found in a rock chip sample collected near the portal of the 5506 Level from quartz veinlets 1-2 cm wide exposed in the upper right side or back of the mine. An adjacent channel sample testing quartz veinlets in the same area assayed 647 g/t Ag over 0.5 metres (m). A grab sample of similar material found in a stockpile nearby assayed 1,278 g/T Ag.
"High-grade silver by the portal of the mine"
Silver Grade
(g/T Ag)
Sample description
ID number
4,893
Chip sample of veinlet 1-2 cm wide from back of mine
1618722
1,278
Grab of small select stockpile at portal of 5506 level
1618723
647
0.5m channel sample across veins from chip sample 722
1618721
CEO Peter Bell commented, “The old timers did us a favor by leaving a small stockpile near the portal because it gave us a clue of what kind of material to look for. When we found an example of that rock in place, we did two types of sampling: the chip sample gives us information on the geochemistry of this material in isolation and the channel sample shows us how the grade changes as we include wall rock material to understand dilution.”
In addition to the sampling by the portal, Kermode tested the Alpha vein in an area of extensive mine workings located approximately 100m inside the mine on the 5506 level. Four (4) channel samples were taken in an area approximately ten metres squared (10m x 10m) and each sample was cut with a nominal width of four centimeters by two centimeters deep and a range of 0.5-1m in length.
"Channel samples at the Alpha Vein in an old mine stope"
Silver
(g/T Ag)
Channel Sample Length (metres)
ID Number
669
0.5
1618717
1,102
0.7
1618718
208
1
1618719
462
0.6
1618720
610
0.7
(average)
Samples were collected from exposures on the accessible area of the 5506 Level of the Rye Patch Mine where stope widths range from 4m to more than 10m. Sample results identify high-grade silver mineralization along the so called “Alpha vein”, which is a large composite structure that follows a north-south structural strike and dips steeply to the east. The Alpha vein appears to be an altered, often silica-flooded, very fine-grained intrusive dike that is hosted in carbonate sediments of the mid-Triassic age Prida Formation.
Detailed LiDAR scanning indicates the Alpha vein actually consists of at least three anastomosing structures, which reflect geological dynamics associated with local shear zones. Kermode has used the LiDAR scans of the mine workings to show the sampling locations in plan and oblique three dimensional views as in the image below.
Detailed discussion:
The grab sample 1618723 from the stockpile of select material left near the portal of the 5506 level contains abundant copper oxide minerals and assayed 0.7% copper. Trace copper and manganese oxide minerals were observed elsewhere in the tan coloured fine-grained dike along the Alpha vein, which provides a visual guide to mineralization.
The channel sample 1618718 was cut perpendicular to the Alpha Vein above the 5506 level where the structure widens to 2-3 meters up-dip. The quartz stockwork veining and sooty black stringers in the sill or floor of the stope assayed 1,102 g/T Ag over 0.7m.
The Rye Patch Project is situated along the northwest trending Rye Patch Lineament System which transects the larger northeast trending Humboldt Structural Zone, commonly referred to as the “Midas Trench” or “Midas Trough”, a 150 to 200 kilometer wide zone of northeast trending faults and shears (Rowan and Wetlaufer, 1979, USGS OFR 79-544). Significant districts, mines and deposits spatially associated with one or both of these zones include the Comstock Lode (Virgina District), Coeur Rochester, Florida Canyon, Relief Canyon, Standard, Getchell, Twin Creeks, Midas (Ken Snyder), Hollister, Sleeper, San Emedio, Hog Ranch, Hycroft – Lewis, Rosebud and others.
The Rye Patch Project:
As announced in the press release dated December 3rd, 2021, the Company has a letter of intent with Gold Range LLC for the Rye Patch Project, which includes the Alpha Patent and the WS claims.
Qualified Person:
The technical information in this news release has been reviewed and approved by Mr. Robert G. Carrington, P. Geo, a Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
About Kermode:
Kermode is a junior mining company hunting for exploration opportunities around the world.
On Behalf of the Board of Directors,
KERMODE RESOURCES LTD
"Peter Bell"
President/CEO
For further information please contact:
Tel: 1-250-588-6939
Email: peterbellmining@gmail.com
Website: https://linktr.ee/kermoderesources
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation (collectively herein referred to as "forward-looking information"). Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Kermode actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
This list is not exhaustive of the factors that may affect any of our forward-looking information. Although we have attempted to identify important factors that could cause actual results, actions, events, conditions, performance, or achievements to differ materially from those contained in forward-looking information, there may be other factors that cause results, actions, events, conditions, performance, or achievements to differ from those anticipated, estimated or intended.
The forward-looking information contained in this news release represents the expectations of the company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.