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Klondike Gold Corp.
Summary
| Project: | Lone Star | |
|---|---|---|
| Deposit: | Nugget Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-1-2019: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Nugget Zone deposit at the Lone Star project. Drilling results incl. 22.86m @ 2.36g/t Au from 9.14m. Vancouver, British Columbia, Canada, January 24, 2019, Klondike Gol | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Perry (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada, January 24, 2019, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) is pleased to report assays fromthe final 27 drill holes ofthe 2018 drill program testing various targets including the Nugget Zone at the Company’s wholly owned Klondike District Property, Yukon Territory. The most significant new near-surface gold intersections come from the Nugget East Target, particularly hole EC18-230 assaying 2.36 g/t over 22.86 meters from 9.14 meters downhole and EC18-234 assaying 2.22 g/t over 21.34 meters from 49.68 meters downhole. These gold intersections, plus EC15-15 and EC15-16 from the 2015 drill program outline a new gold-mineralized subzone of 115 meters strike length which remains open and requires follow-up testing. The overall objective of drilling at the Nugget area was to test targets within the Eldorado Creek drainage in proximity to the interpreted Nugget Fault and Irish Fault. Gold intersected along the Nugget Fault in particular has been shown to be one of the sources of the rich Eldorado Creek alluvial placer gold deposits from the past century. The Nugget Zone plus the Nugget East, Oro Grande, and Glacier targets lie along the Nugget Fault. The French target lies along the Irish Fault. Drilling encountered vein-array hosted gold mineralization in all intersections. Host rocks were typically brittle mafic schists, and/or felsic schists. In comparison,the Lone Star Zone is hosted by a more ductile intermediate schist. | |
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