Several silver bearing structures have been discovered within an exhalative horizon on the Konkin Silver property. Structural and mineralogical similarities exist with occurrences mined in the Kitsault River area to the south (Dolly Varden Mines), and the local setting has some affinities with the precious metal rich, VMS deposits at Eskay Creek. An airborne VTEM survey flown in October of 2005 has identified two large, unexplained EM anomalies sediments, east of the volcanic-hosted silver-bearing structures.
A follow-up Geotech ZTEM survey flown in 2018 identified two large gold targets, the A9 and A10 (these overlap the earlier VTEM anomalies). These will be ground truthed in 2019.
The Konkin Silver property is located 29 kilometres east of Stewart, British Columbia, adjoining south of the Del Norte-Midas property. Silver Grail Resources Ltd. and Teuton Resources Corp. own the property jointly (50-50).
Eskay Creek is a precious metal rich VMS deposit and portions have similar geology to the Konkin showing, with high grade gold and silver in massive baritic zones.
– Ross Sherlock, Ph.D., SRK Consultants.
2018 ZTEM Anomaly
Two gold target areas were confirmed during the 2018 Geotech ZTEM survey (see map). These have been described as follows:
A-9 This target is located in the south-eastern part of the block and lies within the Konkin Silver mineralized zone. It lies within the Hazelton Group volcanics and appears to be structurally controlled by a NNW striking fault. It is stretching roughly in the NNW direction over a distance of ≈ 2 km along an inferred fault zone. It has an estimated resistivity value of < 30 ohm-m at depth of 300m and coincides with a strong Aerotem conductor.
A-10 Located in the south-eastern corner of the survey area, this target is stretching roughly in the NNW direction over a distance of ≈ 1.5 km. It lies within the Hazelton Group volcanics and occurs at the contact with a magnetic structure. It exhibits an estimated resistivity value of <25 ohm-m at depth of 300m and coincides with a strong Aerotem conductor.