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Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Lone Star | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-9-2017: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Lone Star deposit at the Lone Star project. Drilling results incl. 52.6m @ 0.3g/t Au from 25.4m. Vancouver, British Columbia, Canada, September 18, 2017, Klondike Gold | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Tallman (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, September 18, 2017, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) announces drill assay results from two holes each at the Pioneer (LS17-95 and -96) and O’Neil (LS17-97 and -98) targets while drilling continues at the Lone Star target area within the Company’s 527 square kilometer Klondike district property, Yukon Territory. The Company’s Klondike property has identified orogenic gold mineralization with gold introduced regionally by a series of major thrust faults acting as conduits. At the Lone Star target area, the ‘Bonanza fault’ is interpreted to be a regionally significant secondary structural focus controlling deposition of gold mineralization. Gold mineralization occurs within ‘laminated schist’ striking at 310 degrees (northwest) parallel to the ‘Bonanza fault’. The Bonanza fault dips approximately 50 degrees (northeast) semi-parallel to the hillside which falls toward Bonanza Creek (the 1896 Klondike gold rush era discovery creek). ‘Laminated schist’ has been identified as a host of disseminated gold with additional contributions from gold within cross-cutting quartz veins. Gold-bearing laminated schist unit widths intersected in drilling are up to 40 meters thick at surface over a strike length of 800 meters, as reported in many news releases in 2017. Assay results have been received from two step-out holes at the Pioneer area (LS17-95 and LS17-96) 500 meters away along strike to the east that intersected a competent unaltered ‘mafic schist’ unit cross-cut by visible gold-bearing quartz veinlets adjacent the Bonanza Fault in LS17-95 (see NR July 11, 2017). | |
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