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Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Lone Star | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-9-2018: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Lone Star deposit at the Lone Star project. Drilling results incl. 118.30m @ 0.42g/t Au from 6.70m. Vancouver, British Columbia, Canada, September 25, 2018, Klondike Go | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Perry (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, September 25, 2018, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) is pleased to report assays from another five drill holes at the Lone Star Zone, and additional infill assays from one hole at the Gay Gulch showing, 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. Exploration continues to affirm multiple local sources of bedrock gold mineralization which explain the placer deposits exploited historically within the Klondike District. Within the Lone Star Zone associated with the Bonanza Fault, five holes LS18-170 to LS18-174 tested in the central portion of the mineralized area. These results from sectional drilling continues to show broad intervals of gold mineralization starting at or near surface, as well as the presence of gold mineralization at greater depths. An updated plan map of Lone Star Zone drilled hole locations is available on the Company’s website http://www.klondikegoldcorp.com/photos/gallery/2018-drill-maps. Cross sections for 2018 holes including 2016-2017 holes are also posted or will be added as sections are completed. Drill holes LS18-170 to LS18-174 were drilled at -55 dip and 200 azimuth. Assay averages are calculated over drilled core lengths; true thickness from holes drilled at 200 azimuth is approximately the drilled interval. 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. | |
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