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Project: | Lone Star | |
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Deposit: | Lone Star | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 1/10/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 10-1-2018: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Lone Star deposit at the Lone Star project. Drilling results incl. 40.9m @ 2.4g/t Au from 10.4m. Vancouver, British Columbia, Canada, January 10, 2018, Klondike Gold Co | |
Resources: | x | |
CP/QP: | [Overall Report]: Peter Tallman (Internal) | |
ABSTRACT: | Vancouver, British Columbia, Canada, January 10, 2018, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) reports drill assay results from 22 new holes at the Lone Star target located 20 km from Dawson, Yukon within the Company’s 553 square kilometer property spanning the entirety of the Klondike alluvial gold placer district. Klondike Gold’s chief executive officer, Peter Tallman stated: "These latest results identifying continuity to gold mineralization associated with major faulting in the Klondike district are extremely encouraging. The Lone Star drill program reinforces our belief that the Bonanza fault, and several other similarly important parallel structures which transect the Klondike district, have considerable exploration potential. The exploration team has done a great job completing this important drilling program and documenting the details necessary to extend our evolving model of mineralization. We are already looking forward to an exciting and substantial 2018 exploration program.” Results reported here are from systematic 50-meter spaced holes along 1,000 meters of the Lone Star target between 11600E and 12600E where potential for gold mineralization was identified by drilling beginning late in 2016. The 2017 season’s three-fold objective was: to infill to provide sufficient density of drilling (at 50 meter spacing) to correlate mineralization between sections; to extend the mineralization to the east and west towards the mineralized zones at the O’Neil and Pioneer areas; and then to do reconnaissance step-outs beyond the O’Neil and Pioneer areas. | |
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