Klondike Gold Corp V.KG

Alternate Symbol(s): KDKGF

Metals & Mining Gold

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.

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Klondike Gold Corp

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Post by Plum62on Aug 02, 2019 5:50pm

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Post# 29990616

Klondike drilling campaign update

by @accesswire on 30 Jul 2019, 08:07

Klondike Gold Exploration Update

VANCOUVER, BC / ACCESSWIRE / July 30, 2019 / Klondike Gold Corp. (TSX.V:KG)(FRA:LBDP)(OTC:KDKGF) (“Klondike Gold” or the “Company”) updates progress of the $2-million 2019 exploration program (see news May 16, 2019, and July 7, 2019) on the Company’s wholly owned 576 square kilometer Klondike District Property, Yukon Territory.

DRILLING UPDATE

A total of 42 holes have been completed testing Gay Gulch along the Eldorado Fault, plus Nugget East, Nugget, and Glacier Gulch Zones along the Nugget Fault. (This corrects previous news release which double counted drill holes). Drilling at the Lone Star Zone has commenced with an increased total of 25 holes now, for a planned total of 67 holes.

Logging, geotechnical work, sampling, and assaying are well underway. Assay results for early holes will be available shortly. Further drill assays are expected through August and September.

For location map and 2019 drill targets, refer to Figure 1: Location of 2019 Drill Target Zones and nearby prospects, Klondike District Property.

GT PROBE & SOIL SURVEY UPDATE

The Company contracted GroundTruth Exploration Inc. (“GroundTruth”) of Dawson, YT to complete its soil sampling program and its GT-Probe surveying. Gold analyses from a total of 1,671 soil samples collected covered the side slope along Eldorado Creek underlain by the Nugget Zone have been received.

The highest gold-soils correlate well with the Nugget Zone and show new high-priority prospective areas along-strike to the northwest.

A total of 100 samples contain anomalous gold soils, with gold concentrations greater than the first standard deviation (“1SD”) threshold of 29 ppb Au. A total of 37 samples have concentrations ranging from 75 ppb Au to 653 ppb Au. Refer to the Company website for analytical protocols.

The Company has received 66 rock sample assays collected from a “GT-Probe” survey also conducted by GroundTruth testing the Lone Star Zone. The GT-Probe survey tested for the continuation of Lone Star Zone gold mineralization at a 450 meter step out to the southeast. The GT Probe systematically sampled bedrock along a 325 meter line length at 5 meter intervals by collecting a rock sample from bedrock beneath the thick overburden cover using a pneumatic drill.

Results indicate a 150 meter wide anomaly of gold in bedrock between 0.15 to 0.48 g/t Au from thirteen samples. These results confirm the trend of the Lone Star Zone mineralization. Two drill holes are planned to test this wide anomaly as a priority, representing a 600 meter extension to the Lone Star Zone if successful.

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