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Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Lone Star | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-12-2018: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Lone Star deposit at the Lone Star project. Drilling results incl. 36.26m @ 0.80g/t Au from 94.50m. Vancouver, British Columbia, Canada, December 3, 2018, Klondike Gold | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Perry (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, December 3, 2018, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) is pleased to report assays from a further nine drill holes at the Lone Star Zone at the Company’s wholly owned Klondike District Property, Yukon Territory. A total of 87 holes (9,511.93 meters) were drilled in 2018. To date, final assay results have been received and released from 51 of the 87 diamond drill holes completed in 2018. Exploration continues to affirm multiple local sources of bedrock gold mineralization which explain placer deposits exploited historically within the Klondike District. These nine holes LS18-193 to LS18-201 continued the systematic testing of the Lone Star target at approximately 50-meter spacings from 11650E to 12300E with the objective of outlining the character, geometry, and controls of gold mineralization. Hole LS18-201 on 12300E intersected 1.02 g/t Au over 91.0 meters starting from near surface, and LS18- 200 on 12400E, one hundred meters east of LS18-201, intersected 0.80 g/t Au over 36.26 meters from 94.5 meters downhole. Holes LS18-196 and LS18-199 both encountered and drilled down a north-south trending zone of fault gouge which has no significant gold values. This post-mineralization structure has small apparent displacement and does not appear significant in the broader picture. These results from sectional drilling continue to show broad intervals of gold mineralization starting at or near surface, as well as the presence of gold mineralization at greater depths and continue to demonstrate the auriferous nature of the bedrock mineralizing system. | |
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