Yukon Territory, Canada
72 km West of WATSON LAKE
Commodities: Lead, Silver, Zinc
July 31, 2008
A five hole, 1,254 metre HQ diameter was completed targeting a previously untested induced polarization (IP) anomaly. The IP anomaly is made up of two portions, a large anomaly indicative of a large buried sulphide body and a narrow coeval anomaly associated with the known mineralization on the property. The known mineralization consists of an oxide zone up to 30 m wide, which returned 4 m of 352.4 g/t Ag and 9.12% Pb in a
trench. The entire anomaly indicates potential for a large volume of sulphides in a zone at least 1700m long and up to 500 m wide.The drill program identified a four metre zone of mineralization in hole W-08-01 with assays of 10.6 g/t silver, 0.21% lead and 0.83% zinc.
May 7, 2008
Four diamond drill holes (938.2) were completed. The fifth hole was underway.
April 10, 2008
A 1,500-metre drill program was underway.
As of fall/winter 2007, drilling to commence on the Kuda property.
As of 2007, several priority drill targets have been identified from the plotted results of the coincident geochemical and IP anomalies and the excavator trenches. IRK’s proposed exploration program will consist of grid relocation, possible trenching and sampling as well as diamond drilling.
In 1988, the area was trenched and this program uncovered silver, lead and zinc bearing iron and manganese oxides in 7 of the 18 trenches completed, tracing an up to 30 meter wide oxide zone over a strike length of 1,000 meters. A chip sample taken from a trench in this zone returned 4 meters averaging 352.4 g/t (10.28 oz/t)
silver, 9.12% lead and two grab samples of mineralized muck material from a separate trench returned
values of 1248.1 g/t (36.41 oz/t) silver and 49.5% lead, and 978.7 g/t (28.55 oz/t) silver and 32.0% lead
In 1983, initial work consisted of prospecting, geochemical surveys, mapping, road construction, induced polarization surveys and excavator trenching.