For thousands of other reports visit RSC's Mineral Intellingence Map
Klondike Gold Corp.
Summary
| Project: | Klondike | |
|---|---|---|
| Deposit: | Nugget Zone, Dominion | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/28/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-9-2016: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Nugget Zone, Dominion deposit at the Klondike project. Nugget zone drilling results incl. 0.22m @ 336.6g/t Au. Vancouver, British Columbia, Canada, September 28, 2016, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Tallman (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, September 28, 2016, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) provides an update of ongoing drilling currently at the Lone Star target, plus reports diamond drill assay results from the Dominion target and the Nugget Zone at the Company’s Klondike Project located near Dawson City, Yukon Territory. Drilling is underway at the western end of the Company’s 50 km long property at the Lone Star target, in the vicinity of Eldorado Creek, following completion of the recent financing (see news release September 13, 2016). The Company plans to drill approximately 15 holes totalling 1,500 meters at Lone Star. The geology of Lone Star gold mineralization and veining is interpreted to be lithologically and structurally similar to the Nugget Zone target. The objective of this initial drill program is to test the 700 meter Lone Star corridor for consistent gold mineralization at shallow depths, and also to apply a working model of mineralization from Nugget Zone to the Lone Star area with the intention, if successful, of applying this model on a district scale. Gold mineralization in quartz vein arrays has been intersected at shallow depths over a strike length of 125 meters at Nugget Zone between holes EC16-54 in the center and holes EC16-32 and EC16-55 in the east. The geometry outlined to date is one of an elongate tube, outcropping in part, that has true widths of 5 meters to 15 meters. Detailed mapping has revealed centimeter to 10-meter scale northeast late faults which simply offset the continuous northwesterly trending gold mineralization; the ‘flexure’ or ‘fault’ tested by EC16-54 is a probable example. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report