Ownership: Option to earn 50% interest in approximately 10,000 hectares from Kootenay Gold.
Minerals: Silver, gold, zinc and copper
Overview: Klondike Silver can earn 50% from Kootenay Gold by spending a total of $1 million on exploration, paying $100,000 and issuing a total of 500,000 shares. Until Kootenay Gold and Klondike Silver began work, the property had received little or no exploration using modern techniques, with part of the property showing evidence of historic exploration through small adits or pits.
Geology: Mineralization and alteration at Espiritu is traceable in a northeasterly trend for approximately 4 kilometres and up to 800 metres in width. Greater than 0.100 g/t Gold was contained in 30 of the 150 grab samples including values of 1.078, 1.359, 1.781, 2.39 and 3.6 g/t. Silver values include highs of 114, 133, 138, 182, 199, 215 and 302 g/t. The average copper values from surface grab samples returned 0.27% (2700 ppm), including background levels. Lead returned values to 9.6% and zinc to 9.8%.
Next Steps: Modern exploration techniques, including geophysical and geochemical surveys and mapping and sampling programs, will be used to define drill targets.
