For thousands of other reports visit RSC's Mineral Intellingence Map
Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Lone Star | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/1/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-11-2016: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Lone Star deposit at the Lone Star project. Drilling results incl. 37.0m @ 2.4g/t Au. Vancouver, British Columbia, Canada, November 1, 2016, Klondike Gold Corp. (TSX.V: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Tallman (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, November 1, 2016, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) announces receipt of assay results from the first two drill holes testing the Lone Star target within the Company’s Klondike District Project located near Dawson City, Yukon Territory. Peter Tallman, President commented “The Company’s geological team are congratulated for their diverse contributions that led to identification and upgrading of a Klondike-era prospect to a significant drillable target. Our team’s objective throughout 2016 has been to identify near-surface gold mineralization with interesting thickness, length, and grade characteristics. Results from the first two holes at the Lone Star target have exceeded our initial expectations, and we have positive expectations from results of the remaining fifteen holes to come.” The objective of the 2016 Lone Star target drill program is to systematically test an interpretation of geology and continuity of mineralization that, if successful, would upgrade the potential for economically interesting gold mineralization both at Lone Star and throughout the Company’s 527 square kilometer Klondike District project. Compilation of surface work and examination of old drill core by Company geologists prior to the current drill program identified a through-going gold target area comprised of disseminated gold combined with gold-enriched quartz veins. Prospecting outside the eastern and western ends of Lone Star discovered gold-enriched quartz veining with visible gold in outcrop consistent with predictions (see NR September 28, 2016). This target is positioned in the hangingwall of a thrust fault with unknown but probably significant displacement, consistent with the Company’s orogenic model of gold mineralization. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report