Ownership: Option to earn 50% interests in six concessions from Kootenay Gold. The Company also recently acquired the Alaska North and Alaska South Projects in Sonora State, about 300 km southeast of Hermosillo, the state capital.
Minerals: Silver, gold, zinc and copper
Overview: Klondike Silver can earn 50% in each of six concessions from Kootenay Gold by spending a total of $6 million on exploration ($1 million on each concession) and issuing a total of 3.0 million shares (500,000 shares per concession). All of the prospects have received little or no exploration using modern techniques, with four of the properties showing evidence of historic exploration through small adits or pits. The Alaska North and Alaska South Concessions cover a total of 15,209.18 hectares situated about nine kilometers west of the famous silver-mining town of Alamos.
Geology: The newly optioned Ofelia and Suzanne concessions are prospective for epithermal gold-silver or gold-silver-lead-zinc mineralization. The El Alamos, Cerro Colorado and Espiritu concessions have various porphyry-type settings, and Los Chinos is a zinc-gold-copper skarn prospect. The Alaska North and Alaska South Projects cover the extensions of 30 mineralized zones and several old mines in the Alamos Silver Camp, and are prospective for a broad range of mineral deposit types.
Next Steps: Modern exploration techniques, including geophysical and geochemical surveys and mapping and sampling programs, will be used to define drill targets.
