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Klondike Gold Corp V.KG

Alternate Symbol(s):  KDKGF

Klondike Gold Corp. is a Canada-based gold exploration company. The Company is engaged in advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the Klondike Goldfields placer district. Its Yukon Placer Gold properties include the Upper Eldorado Creek, Eldorado Creek Bench and Montana Creek (McKinnon Creek or Indian River) Placer Projects. The Company holds interest in the mining claims, such as the Sophie mining claims, and the Burkhard claims. The Company also has an interest in the Gimlexs mining claims located in the Dawson mining district, Yukon Territory. Its Upper Eldorado Creek property is contained wholly within the Company’s Klondike District Property, Yukon Territory. The Company also holds a 100% interest in the Montana Creek Placer Project property located south of Dawson City, Yukon Territory.


TSXV:KG - Post by User

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Post by target100on Apr 18, 2007 10:55am
319 Views
Post# 12630686

Diamonds are Man''s........

Diamonds are Man''s........way to a lady's heart! below is the recent news from the WA WA camp Mr. John Ryder reports DIANOR RESOURCES INC.: 1.5 CARAT DIAMOND RECOVERED FROM THE LEADBETTER DIAMOND PROPERTY Dianor Resources Inc. has been informed by Kennecott Canada that a 1.5235-carat diamond was recovered during picking of one of the DMS concentrates from sample MBP 136 recently processed at the DMS facility in Thunder Bay, Ont. (press release in Stockwatch dated March 21, 2007). Processing through the DMS plant for all of the four 60-tonne conglomerate samples from the Leadbetter diamond property was completed in the past few days. Picking of the DMS concentrates for diamonds is under way at the Kennecott facility and is expected to be completed by mid-May, with a full report and diamond results to follow shortly thereafter. The 1.5-carat stone is described as light yellow in colour, intact macle that is approximately 7.8 millimetres in its longest dimension. It sits on a 4.75 mm square mesh sieve. A photo of the diamond will be available on Dianor's website later today. The recovery of a diamond greater than one carat is significant as the largest stone recovered from the conglomerate bedrock to date is a 0.667-carat octahedron from sample MBP 101 (press release in Stockwatch of July 31, 2007). A number of alluvial diamonds greater than one carat have been recovered from creeks in the Wawa area, including a 1.39-carat, gem-quality stone in a creek draining the Leadbetter diamond property. The recovery of the 1.5-carat stone indicates that Leadbetter-type conglomerates are the probable source of these alluvial diamonds. This is also the largest diamond recovered from a bedrock source in the Wawa region. The four 60-tonne conglomerate samples were collected from the northern and central sectors of the Leadbetter diamond property and are replicate samples from selected sites where six-tonne samples returned varying numbers of commercial-sized diamonds. All aspects of the processing and diamond recovery at the Kennecott Canada DMS facility in Thunder Bay are overseen by personnel from Hatch of Montreal, which was retained by Dianor to independently verify the operations. Hatch personnel has been involved with the design and operation of the three producing Canadian diamond mines since 1994. A preliminary tonnage estimate on the Leadbetter conglomerate, as outlined by the phase II drilling, will be reported on shortly. This preliminary tonnage estimate and geological model will provide the basis for defining further, large-scale sampling programs in order to recover sufficient diamonds for pricing, and to estimate resources and reserves for the Leadbetter diamond project (press release in Stockwatch of Feb. 20, 2007). John Ryder, PGeo, is the qualified person responsible for the technical contents of this press release. Target on KG is high teens by late spring On Target Everytime with a Bullseye!
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