The Kluane Properties are located on a largely unexplored area located in the Whitehorse Mining District in the southwestern part of the Yukon. Reconnaissance ridge and spur soil sampling from 2011 identified significant anomalies in a number of project areas. For example, anomalous gold-in-soil values greater than 100 ppb gold and up to a maximum of 3,427 ppb gold were identified over the claim blocks covering an area of approximately 16 km by 7 km on the Pluto and Venus prospects in the Kluane area (see press release dated November 16, 2011). An encouraging aspect is that the anomalous soil values of greater than 100 ppb gold are associated with wide zones of 30 - 100 ppb gold-in-soil anomalies. In the Kilo prospect, anomalous gold-in-soil values greater than 100 ppb gold, the upper 3% of the gold-in-soil values, and up to a maximum of 1,392 ppb gold, were identified over the claim blocks covering an area of approximately 6 km by 5 km. The Company also reported initial anomalous gold-in-soil values of between 100 ppb and 574 ppb from the reconnaissance soil program conducted on the Sapphire Prospect (see press release dated November 28, 2011).
The Company did extensive mapping and sampling on eight of the properties making up the Kluane region in 2012, with 24,310 soil samples and 364 grab samples being collected. The Company also completed an airborne magnetic and radiometric geophysical survey over the Arm and Pluto properties.
The Pluto claims form one of the largest land holdings in Ryan Gold's portfolio, and are located approximately 65km northeast of Burwash Landing. The entire area was covered in a 12,754 soil sampling program comprising of ridge and spur, as well as a grid localised in the north-eastern corner of the claims over significant ridge and spur anomalies discovered in 2011. Soil assays up to 15.3g/t Au were returned within the grid. Extensive field mapping and sampling working on a 1:10,000 scale was also undertaken in order to gather as much data as possible for later interpretations. Grab samples in the vicinity of the high grade soil samples returned assays up to 7.11g/t Au.
Late in August 2012, a magnetic and radiometric geophysical survey was flown over the entire property.
The Company is currently interpreting the results of the survey, and plans a small mapping and ground truthing program in 2013 to better understand the structural controls on the claims.
The Arm property is located on the eastern flank of the Talbot Arm of Kluane Lake, approximately 25km from Burwash Landing. A grid of 2,782 soils was collected over an area of anomalous ridge and spur samples collected during the 2011 season. Two areas of interest were identified in the grids, with greater than 100ppb gold-in-soil results being returned. Detailed mapping on a 1:10,000 scale as well as targeted grab sampling was also undertaken across the property.
Mineralisation was found to be pervasive into the country rock, with some quartzites and limestones becoming more intensely altered close to monzonite and granodiorite dykes. Fracture hosted sulphide mineralisation (mainly chalcopyrite, arsenopyrite and galena) returned assays of up to 3.67g/t Au and 832g/t Ag.
A magnetic and radiometric geophysical survey was also flown in August 2012 which revealed a complex structural arrangement within the property boundaries.
The Company is currently interpreting the results of the survey, and plans a small mapping and ground truthing program in 2013.
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