Klondike Silver Corp. has assembled a quality portfolio of silver and silver-rich polymetallic properties in historic mineral districts of North America, and is applying advanced exploration technologies to add value to these core assets.
Message: ? ESPIRITU JV Results
? drill results by PDAC...one would think that 9 weeks would be sufficient time, assuming that drilling went as planned. Any comments?
December 03, 2009
JOINT VENTURE - DRILLING UNDERWAY AT ESPIRITU GOLD COPPER PORPHYRY PROJECT
Kootenay Gold Inc. (KTN: TSX.V) is pleased to announce the phase one diamond drill program is underway on the Espiritu Gold - Copper porphyry system in Sonora, Mexico.
Jim McDonald, CEO of Kootenay commented, "The Espiritu is an exciting project that has the potential to be a 'Company Maker'. It has the text book characteristics of a large scale porphyry system. Erosion of the Leach Cap has exposed the enriched Supergene Gold Copper system. This phase of drilling intends to establish the thickness of the enriched Supergene layer and the grade of mineralization".
Drilling will consist of a minimum 1000 meters of HQ core and comprise of 4 to 6 holes in 4 drill sites 100 to 500 meters apart. It is anticipated it will take 3 to 4 weeks to complete the program.
The Espiritu project is owned 100% by Kootenay Gold Inc. and is under option to Klondike Silver Corp. (KS: TSX.V) who have the right to earn a 50% interest in the project by making certain payments
and exploration expenditures (March 31, 2008).
December 03, 2009
JOINT VENTURE - DRILLING UNDERWAY AT ESPIRITU GOLD COPPER PORPHYRY PROJECT
Kootenay Gold Inc. (KTN: TSX.V) is pleased to announce the phase one diamond drill program is underway on the Espiritu Gold - Copper porphyry system in Sonora, Mexico.
Jim McDonald, CEO of Kootenay commented, "The Espiritu is an exciting project that has the potential to be a 'Company Maker'. It has the text book characteristics of a large scale porphyry system. Erosion of the Leach Cap has exposed the enriched Supergene Gold Copper system. This phase of drilling intends to establish the thickness of the enriched Supergene layer and the grade of mineralization".
Drilling will consist of a minimum 1000 meters of HQ core and comprise of 4 to 6 holes in 4 drill sites 100 to 500 meters apart. It is anticipated it will take 3 to 4 weeks to complete the program.
The Espiritu project is owned 100% by Kootenay Gold Inc. and is under option to Klondike Silver Corp. (KS: TSX.V) who have the right to earn a 50% interest in the project by making certain payments
and exploration expenditures (March 31, 2008).
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