Share Capital One Year Price Range:
Shares Outstanding:
Fully Diluted Shares Outstanding:
Market Capitalization: KSM
Insider Holdings: $0.05 - $0.21
21,196,430
32,350,370
$1.9 - $2.8 million
29%
KSM drilling this prop (international basin)starting about mid Aug!!
1.0 Summary
The International Basin property, which lies south of Golden and presently totals 94 square
kilometres, was staked in 2007. This report presents the results of two short prospecting programs
run on the property in the 2007 field season, a one day program in mid-August, and a two-day
program in early- to mid-September. Together, these programs, which returned selected samples
yielding up to 145 g/t (4.23 oz/ton) gold and 1530 g/t (44.6 oz/ton) silver, suggest that the property
has the potential to host a precious metals-bearing vein deposit. The veins occur within an
extensive alteration system and are manifest mainly as quartz-Fe carbonate veins that contain
locally abundant base metal sulphides and sulphosalts. Our sampling suggests that it is the
metallic minerals which carry the precious as well as base metals values.
Further work is recommended for the International Basin property, with the focus on
finding both increased width and continuity of mineralized zones to go along with the locally
excellent grades. This may be accomplished in a number of ways, including by discovering veins
which are more highly mineralized but of greater thickness and/or which have better continuity
along strike. |
