For thousands of other reports visit RSC's Mineral Intellingence Map
Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Nugget Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-7-2018: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Nugget Zone deposit at the Lone Star project. Drilling results incl. 58.10m @ 1.03g/t Au from 5.80m. Vancouver, British Columbia, Canada, July 10, 2018, Klondike Gold C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Perry (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, July 10, 2018, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP) (“Klondike Gold” or the “Company”) is pleased to provide assays from new core resampling of five holes as part of a significant re-evaluation of the Nugget Zone and Nugget Fault area at the Company’s wholly owned Klondike District Property, Yukon Territory. A minimum total of $2.5M has been budgeted for 2018 exploration (March 9, 2018 news release). The Company is fully funded through 2019 at a similar level of expenditure with $6.5M on hand. The Company in 2014 interpreted a series of previously unrecognized district-scale faults (Bonanza, Nugget, Eldorado, and Irish Faults, and the Rabbit Creek Thrust) from regional airborne magnetics. During 2015 and 2016 the Company focussed exploration on gold-bearing quartz veins as had previous explorers over the past 120 years. Late in 2016 the Company recognized the potential for gold disseminated in the host rock adjacent to quartz veining. Drilling in 2017 at the Lone Star Zone confirmed that disseminated gold was an important contributor to the gold endowment within the Klondike District. During these drill campaigns, individual rock units were distinguished and correlated for the first time, leading to the area historically mapped as “Undifferentiated Klondike Schist” to be mapped and divided by lithology. Late in 2017 disseminated gold was inferred in several holes drilled along the Nugget Fault (LS17-140, LS17-142) which led to a wholesale re-evaluation of previous Nugget Fault and Nugget Zone drilling, as well as the Gay Gulch target on the Eldorado Fault. | |
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