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Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Nugget Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-7-2016: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Nugget Zone deposit at the Lone Star project. Drilling results incl. 14.34m @ 5.1g/t Au from 3.55m at the Nugget Zone. Vancouver, British Columbia, Canada, July 14, 201 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Tallman (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, July 14, 2016, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) is pleased to announce first assay results from 2016 drilling, and to update progress of ongoing drill testing at the Lone Star and Dominion properties near Dawson City, Yukon Territory. A total of 41 diamond drill holes have been completed to date as part of the drill program which began in mid-May (see News Release June 14, 2016 and May 18, 2016). The campaign has averaged nearly one diamond drill hole completion per day using one drill. A cumulative 3,100 meters of core has been recovered and processed during this period. Up to an additional 1,500 meters of drilling is planned. Diamond drill target areas tested so far include Nugget, and Violet Ridge on the Lonestar Property, and the Hunker target on the Dominion Property. The 3.5 km long Violet Ridge target area is divided into “310”, “Isaac”, and “Violet Mine” subzones based on geology. Peter Tallman, President of Klondike Gold states “These early results from Nugget Zone demonstrate the potential for the discovery of lode deposits of consequence within the historic area of the Klondike placer gold fields. Additionally, the exploration team is encouraged by the identification of extended intervals of pervasive alteration. This style of alteration at Dominion, some 30 km from similar alteration at Violet (Isaac target), validates the company’s exploration model that bulk tonnage targets exist alongside highgrade vein targets within the Company’s extensive land package.” | |
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