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.
Next Steps: Ongoing exploration at the CN Property will focus on priority known veins and the newly discovered Stirling Vein. Only 30% of the property has been grid soil sampled and trenching and drilling have only tested a small proportion of the existing geophysical and soil geochemical anomalies. The adjacent Mag claims, acquired in late 2007, host a mineralized zone similar to the known zones at CN.
Other Projects: Klondike Silver has other projects in the Yukon, and in 2007, conducted an exploration and bulk-sampling program at its wholly owned Stump Property, 55 km southeast of Ross River and a stone's throw from the former Ketza River gold mine. Work in 2007 included a trenching program focused on the historic A1 vein. Six main lenses of semi-massive to massive galena were identified along a 300-meter strike length. Four bulk samples totaling about 80 tonnes of galena-rich material were extracted from the four largest lenses and transported to the Company's Sandon Mill for processing into concentrates. (The highly encouraging head-grades from these bulk samples were reported in a March 12, 2008 press release.)
The 2008 program included additional bulk-sampling of near-surface galena lenses and drilling to test for similar grade but larger lenses that could be developed in competent rock units at depth. Contracts are also in place for a bulk sample of 2500 to 3000 tons of ore, assayed at 40% lead and carrying 40 ounces silver per tonne, to be transported to the mill facility at Sandon. For the most current information on ongoing additional programs, be sure to refer to our news releases. You can receive all our latest updates by registering on our 'request more info' button on the 'contact us' section of this website.
