Klondike Gold Corp. Reevaluates Historic High-Grade Silver Sample From the Eng Propertyadmin
Klondike Gold Corp. is reevaluating a high-grade, drill-intersected silver-rich sample from the Eng property in southeastern B.C. The property was staked five years by the Company as part of a larger land package situated due west of the Cold Creek and Mount Mahon areas, approximately 1.5 km south of Yahk in southeastern British Columbia.
Two holes were drilled in the immediate area in 1990 by Kokanee Explorations Ltd. in a search for SEDEX (Sedimentary-Exhalative) mineralization. One of the holes intersected the silver-copper-gold mineralization at a depth of several hundred meters.
The silver occurrence is described in BC Government Minfile (taken from assessment report 20828): “Mineralization consisting of native silver and native copper and gold occurs within a 15 cm zone of fragmental quartzititic argillite and siliceous mud beds. The mineralization is described to be contained within bedded seams less than 0.5 mm thick within a purple brown siliceous fragment. The 15-cm zone is described as sub-rounded fragments and mud; the fragments are heavily crowded with fine pyrite and pyrrhotite. A sample of a mineralized fragment yielded 34,183 g/tonne silver (997.17 oz/tonne), 10.3 percent copper and 0.27 g/tonne gold.”
Proposed exploration plans include prospecting to locate potential mineralization at surface, a geochemical grid, and a ground geophysical survey.
Klondike Gold Corp. also announces that Diana Mark has been appointed Assistant Corporate Secretary. It also notes a correction to its news release of February 5, 2009 to state that 3,000,000 stock options were issued to directors and officers of the Company and 3,180,000 stock options to employees and consultants at a price of $0.10 per share for a period of five years.