Location: Klondike Silver is exploring several silver or silver-rich polymetallic projects in the Yukon. The most advanced project is the Connaught (CN) Property within the Sixtymile Placer Gold Camp, 65 km west of Dawson City.
Ownership: Optioned from ATAC Resources Ltd.
Minerals: Silver, lead, gold.
Overview: The 4,100-hectare CN Property covers a system of silver-lead-gold veins associated with and underlain by more extensive stockwork-style mineralization. The property is being explored as a high-grade lead-silver target modeled after the highly productive Keno Hill District, 25 km to the east. Historic exploration identified at least seven veins and numerous lead-in-soil anomalies. The 2007 exploration program, which followed a property-wide helicopter-borne VTEM survey in 2006, consisted of prospecting and grid soil sampling, along with 1,100 meters of trenching and 566 meters of drilling to establish the tenor of mineralization in the known veins.
Four historic veins were re-located and sampled and seven shallow holes were drilled below three of these, with mineralization intersected in all drill holes.
A new discovery was made by deepening an old bulldozer trench situated about 400 meters northeast of the No. 7 Vein. The Stirling Vein discovery is characterized by a strong arsenic-antimony sulfosalt-bearing quartz vein (with intermittent massive galena lenses) exposed for a strike length of 22 meters.
Geology: The CN Property is largely underlain by metaplutonic rocks of the South Fiftymile Batholith and metasedimentary rocks of the Fortymile River Assemblage. Structural data are minimal as the un-glaciated local topography is subdued. The vein zones are commonly associated with northeast-trending, weakly to moderately recessive weathering lineaments. Lenses of nearly massive silver-rich galena are developed locally within the vein structures.