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Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Lone Star | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-9-2018: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Lone Star deposit at the Lone Star project. Drilling results incl. 38.40m @ 1.08g/t Au from 8.60m. Vancouver, British Columbia, Canada, September 18, 2018, Klondike Gol | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Perry (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, September 18, 2018, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) is pleased to report assays from another six drill holes at the Lone Star Zone, part of a systematic evaluation designed to map the geometry of mineralization across the central 1 km portion of the Zone, at the Company’s wholly owned Klondike District Property, Yukon Territory. The Lone Star Zone is one of five targets drill tested during the 2018 exploration program. Additional drill hole results from Lone Star and other targets will be steadily released as they are received, evaluated and incorporated into the evolving exploration model. Within the Lone Star Zone, six holes LS18-164 to LS18-169 tested in the western to central portion of the mineralized area. These results from sectional drilling continues to show broad intervals of gold mineralization starting at or near surface. The bottom of the deepest intersection released here is still within 50 meters of surface. The Company has been using oriented core tools to collect accurate structurally oriented dip angles at the Lone Star Zone beginning with LS18-151. The collection of data from the use of oriented drill core is a first at the Lone Star Zone and results support a critical part of the Company’s model of mineralization. Preliminary results from oriented core surveying indicate that gold-bearing quartz veins within the goldmineralized envelope are consistently shallow dipping at 35 degrees northeast. These veins occur within a broad envelope of gold observed as disseminated, visible millimeter-size grains along late cleavage planes. The gold mineralization is primarily hosted by an intermediate schist that is relatively both porous and permeable, in fault contact with an underlying siliceous felsic schist which also hosts gold-bearing quartz veins. The fault (the “Bonanza Fault”) and lithologic contactsstrike approximately 310 degrees and dip generally 50 degrees to the northeast | |
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