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Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Lone Star | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-7-2017: 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 0m. Vancouver, British Columbia, Canada, July 11, 2017, Klondike Gold Corp. (T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Tallman (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, July 11, 2017, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) has received drill assay results from the first two holes of eighteen drilled so far at the Lone Star target within the Company’s Klondike district property, Yukon Territory. Eighteen diamond drill holes in the 2017 Phase 1 drill program (“Phase 1”) tested a 1,950 meter strike length along or adjacent to the newly identified Bonanza Fault, from the new Pioneer area in the east, to the central Lone Star target zone of interest, to the new O’Neill area in the west. The Bonanza Fault is interpreted to be a significant locus for orogenic gold mineralization with an inferred 7,500 meter potential strike length. Seven holes of Phase 1 contain visible gold identified as disseminations and in quartz veining spanning the 1,950 meter strike length tested along the Bonanza Fault. These include five holes testing the Lone Star target out of fourteen, and one hole out two which tested each of the Pioneer and O’Neill areas. A plan map of Phase 1 drill locations is available on our website HERE. | |
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