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Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Lone Star | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-8-2017: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Lone Star deposit at the Lone Star project. Drilling results incl. 32.8m @ 0.8g/t Au from 16.3m. Vancouver, British Columbia, Canada, August 1, 2017, Klondike Gold Corp. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Tallman (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, August 1, 2017, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) has received drill assay results from ongoing drilling at the Lone Star target within the Company’s 527 square kilometer Klondike district property, Yukon Territory. Assay results from nine of the earliest 2017 holes, LS17-83 to LS17-91, are reported. Based on the early success of drilling at the Lone Star target reported here, the Company’s Board of Directors has approved a 20 hole expansion of the drill program to 80 holes. Peter Tallman CEO of Klondike Gold said: “The Company has achieved a number of important milestones with the discovery of large, bulk tonnage style mineralization on its Klondike district property. At the Lone Star target, recent systematic drilling confirms continuity of near-surface gold mineralization along strike over 750 meters. Step out holes, 500 meters in one direction to Pioneer and 700 meters in another to O’Neill, both have lithologies containing visible gold which potentially doubles the Lone Star mineralized target length to 2 kilometers if these zones can be connected with ongoing exploration. Our current focus is continuing to expanding the footprint of gold mineralization at the multi-kilometer long Lone Star target, one of four gold-bearing targets identified in the Eldorado Creek – Bonanza Creek area.” | |
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