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Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Lone Star | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-9-2017: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Lone Star deposit at the Lone Star project. Drilling results incl. 53.25m @ 0.7g/t Au from 12.75m. Vancouver, British Columbia, Canada, September 28, 2017, Klondike Gol | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Tallman (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, September 28, 2017, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) announces drill assay results from four holes at the Lone Star target while drilling continues with two rigs within the Company’s 527 square kilometer Klondike district property, Yukon Territory. Klondike Gold President Peter Tallman states: “Current drilling is focused on testing several roughly parallel structural zones; the Bonanza Fault, Nugget Fault, and the Eldorado Fault. These multi-kilometer long fault zones host gold mineralization that likely originated as extensional splays from deeper-seated (underlying) regional-scale thrust faults. The Company’s insight and understanding of the numerous geologic controls/influences on the gold depositional processes within the historic Klondike district is steadily evolving and continues to firmly demonstrate exploration potential for bedrock gold deposits.” Drilling within the Lone Star target has indicated multiple closely spaced, parallel subzones of gold mineralization with 20 meters to 40 meters separation. Previous interpretation had contemplated one continuous zone of mineralization over the 800 meter strike length drilled so far at Lone Star. New interpretation contemplates as many as four. Investors are cautioned that interpretation is evolving as assay results are received and correlated, and is subject to change. New assays for holes LS17-106 and LS17-101 are reported here. | |
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