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Klondike Gold Corp.

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Summary

Project:

Klondike

Deposit:Nugget Zone
Location:Canada
Commodities:Gold
Date:8/6/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:6-8-2019: Klondike Gold Corp. announces an Exploration/Drilling Update report for its Nugget Zone deposit at the Klondike project. Drilling results incl. 2.5m @ 404.2g/t Au, 415.4g/t Ag from 104.0m. Vancouver, British Columbia, Canada, August 6, 2019, Klo
Resources:x
CP/QP:[Overall Report]: Ian Perry (Internal)
ABSTRACT:Vancouver, British Columbia, Canada, August 6, 2019, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) is pleased to report assays from nine drill holes testing the Nugget Zone along the Nugget Fault on the Company’s wholly owned 576 square kilometer Klondike District Property, Yukon Territory. Assay results for samples from nine (9) drill holes (EC19-255 to EC19-259 plus EC19-266 to EC19-269) have been received, with assay results for three (3) drill holes (EC19-270 to EC19-272) still pending. A total of twelve (12) drill holes totalling 913 metres tested the Nugget Zone. The Nugget Zone is associated with a prominent, eight-kilometer long magnetic low named the Nugget Fault which hosts gold-bearing quartz veins at Glacier Gulch, Nugget East, Upper Eldorado, several newly discovered c.1900 small mine workings, and outcrops located over a 2.5 kilometer strike length. Drilling targeting the Nugget Fault including the Nugget Zone began around mid-June (see News Release June 10, 2019). The objectives of drilling the Nugget Zone were to target prospective areas of high-grade gold mineralization and to improve structural understanding by capturing structural measurement data on rock fabrics and gold-bearing quartz vein orientations. Larger diameter HTW-size drill core was used to improve core recovery and to increase analytical precision by increasing core sample size.

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