Rio Silver Inc. has published The Results of EMIT Maxwell Plate Modeling and detail Resistivity Depth Imaging of VTEM anomalies for the KAN Gold Extension Project. The VTEM anomalies have been modeled by Geotech Ltd.
The Kan project is located in the Labrador Trough of Northern Quebec, approximately 85km South West of Kuujjuag, Nunavik Territory.
Early exploration on the property was initiated by Cominco Ltd. (Cominco) in 1965 with the discovery of a massive
sulphide showing located under a sphalerite-galena-pyrite, glacial boulder train. Limited drilling by Cominco at the
time failed to define the extensions of this sedimentary exhalative (Sedex) base metal showing. Work resumed in
1993-1996 by Kennecott Canada Inc. (Kennecott) and then in 1999-2000, Noranda Exploration Ltd. (Noranda).
Kennecott discovered two more massive sulphide boulder trains located within 1.5km of the original discovery. The
average grade of 28 of these boulders is 7.7% lead, 9.7% zinc, 276g/t silver and 0.65g/t gold. Dimensions of some of
these boulders reach more than 2 meters across and their angular shapes point to local sources.
While Sedex base metals were the focus of exploration work on the Kan Property, several gold showings were
recorded in the historic assessment reports. The first gold occurrences were located during a Labrador Trough
precious metals reconnaissance campaign done by Noranda in 1987-88. Six grab samples reporting grades from
1.10g/t gold to 9.20 g/t gold were collected from an iron formation ridge located 1.5km east of the Kan showing.
There was no follow-up done on these gold results and this area will be a priority target for Rio Silver.
In 1993, during base metal reconnaissance work, Kennecott discovered a quartz vein cross-cutting iron formations
located 7km NW of the Kan showing. This vein (the Ferricrete showing) reported surface channel assays of up to
280.8g/t gold over 0.30m and 143.4 g/t gold over 0.40m. Four holes were drilled under the showing to test both the
vein and the host iron formations. Results from the drilling are reported below:
K94-11: 4.14g/t Au over 3.8m
K94-12: 6.29g/t Au over 3m and 1.24g/t Au over 2m
K94-21: 5.07g/t Au over 6m and 3.64g/t Au over 4m
K94-22: 4.01g/t Au over 1m and 1.64g/t over 1m.