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Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Lone Star | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-12-2018: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Lone Star deposit at the Lone Star project. Drilling results incl. 90.60m @ 0.93g/t Au from 25.40m. Vancouver, British Columbia, Canada, December 10, 2018, Klondike Go | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Perry (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, December 10, 2018, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) is pleased to report assays from a further nine drill holes targeting the new eastward extension of the Lone Star Zone at the Company’s wholly owned Klondike District Property, Yukon Territory. Significant near-surface gold mineralization has been encountered within a new 600-meter extension to the Lone Star Zone, effectively doubling the mineralized drilled length of the Zone. The main drilling effort of 2017 and 2018 targeted the Lone Star Zone between sections 11650E to 12300E across this 650-meter interval at approximately 50-meter spacings. New results reported here are from drill holes along a further 600-meter interval from 12400E to 13000E, extending the drilled length of Lone Star Zone gold mineralization to 1,350 meters which remains open. Nine holes tested for the eastward along-strike continuation of Lone Star Zone gold mineralization in two areas: LS18-202 to LS18-205 plus LS18-209 and LS18-210 between 12400E to 12600E following up hole LS17-124; and LS18-206 to LS18-208 between 12950E to 13000E following up hole LS17-144. Hole LS18-204 intersected 0.93 g/t Au over 90.60 meters on 12500E, and LS18-205 intersected 0.81 g/t Au over 79.70 meters on 12600E. (LS17-124 from 2017 testing intersected 0.98 g/t Au over 21.3 meters on 12550E.) Hole LS18-206 intersected 0.74 g/t Au over 22.10 meters on 12950E. (LS17-144 from 2017 intersected 0.53 g/t Au over 32.50 meters on 12975E.) The systematic pattern drill testing of the Lone Star target at approximately 50-meter spacings between 11650E to 13000E so far has the objective of outlining the character, geometry, and controls of gold mineralization across the 1,350 meter interval. These results from sectional drilling continue to show broad intervals of gold mineralization starting at or near surface, as well as the presence of gold mineralization at greater depths and continue to demonstrate the auriferous nature of the bedrock mineralizing system. | |
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