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Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Lone Star | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-1-2017: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Lone Star deposit at the Lone Star project. Drilling results incl. 11.3m @ 3.5g/t Au from 68.0m. Vancouver, British Columbia, Canada, January 19, 2017, Klondike Gold Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Tallman (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, January 19, 2017, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) announces receipt of drill assay results from all remaining drill holes testing the Lone Star target within the Company’s Klondike District Project located near Dawson City, Yukon Territory. The Company’s 2016 exploration program was designed to systematically test new interpretations of geology, structural-controls and continuity of mineralization that would upgrade the potential for economically interesting gold mineralization both at the Lone Star target and throughout the Company’s 527 square kilometer Klondike District project. Results to date have demonstrated the value of this new exploration interpretation/approach and will be vigorously pursued throughout the upcoming 2017 season including expanded programs focused on multiple targets within the expansive district. Lone Star drilling encountered near-surface gold mineralization across broad widths of 30+ meters, over a strike length of 700 meters and remains open in all directions. A total of 17 short drill holes, LS16-58 to LS16-74, tested the vicinity of Lone Star target in late 2016. Results are described below. A drill plan map, individual drill sections, tabulated assay results and collar information (UTM collar location, dip, azimuth, hole depth) can be found on our website HERE. Hole lengths ranged from 47 meters to 108 meters, usually drilled at shallow -55 degree angles, and gold mineralization occurs at or within 50 meters of surface. | |
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