- Klondike Gold (TSXV:KG) provided an outline of the 2024 exploration plan and review of the exploration potential at its Klondike District Property in Yukon’s Dawson mining district
- The Vancouver-based miner aims to uncover the vast potential hidden beneath the surface
- Exploration kicks off with a focus on the Stander Zone, where recent drill discoveries have uncovered promising signs of high-grade gold
- Klondike Gold Corp. opened trading at $0.085 per share
Klondike Gold (TSXV:KG) provided an outline of the 2024 exploration plan and review of the exploration potential at its Klondike District property in Yukon’s Dawson mining district.
The Vancouver-based miner aims to uncover the vast potential hidden beneath the surface.
Targeting high-grade gold veins in the Stander Zone
The exploration kicks off with a focus on the Stander Zone, where recent drill discoveries have uncovered promising signs of high-grade gold. Notably, assays have revealed impressive grades, including 90.55 g/t Au over 0.55 metres.
Klondike Gold plans to initiate diamond drilling in early May, allocating an initial 2,500 metres to target the newly discovered high-grade gold shear veining spanning a 2 kilometre strike length.
Specifically, the company will concentrate on a 500-metre section outlined by 2023 discovery drilling, aiming to assess its resource potential comprehensively.
Potential follow-up drilling
Building upon the initial drill results, Klondike Gold is prepared to deploy an additional 2,500 metres of diamond drilling to further investigate the resource potential within the Stander Zone.
This phase underscores the company’s commitment to meticulous exploration and its confidence in the prospectivity of the targeted area.
(Source: Klondike Gold Corp.)
Extensive surface mapping and sampling
Beyond drilling, Klondike Gold plans to conduct comprehensive surface mapping, including detailed structural mapping and sampling. This approach aims to bolster their understanding of the geological context and identify additional zones of interest.
The focus extends beyond the Stander Zone to explore high-grade gold veining discovered elsewhere along the Klondike Shear Zone within the property.
Prospecting and sampling for new discoveries
Leveraging data from BLEG sampling surveys and proximity to historical gold-rush era mine workings, Klondike Gold intends to embark on prospecting and sampling expeditions.
The goal is to unearth new zones of mineralization and capitalize on the rich geological heritage of the Klondike District Property.
Towards updated mineral resources estimate
As the exploration progresses and drill results accumulate, Klondike Gold plans to initiate an updated mineral resources estimate in the fall of 2024.
This comprehensive assessment will incorporate drilling data spanning from 2022 through the ongoing 2024 season, providing stakeholders with a robust understanding of the property’s potential.
Management’s take
“Following from extremely promising 2023 gold discoveries, the company in 2024 is positioned to deliver significant additional results to our shareholders in a favourable gold price environment,” Klondike Gold’s president and CEO, Peter Tallman, said in a news release. “The company’s ongoing funded research, structural work, and evolved exploration model in 2023 led to new multi-ounce grade gold discoveries throughout the property. The transformative drill discovery of high-grade gold shear veining at Stander Zone, potentially a significant source of the famous 2 million ounce Eldorado Creek placer pay streak, will be drill tested first in 2024 among several high potential targets. The objective of this season is to successfully turn one or several of these new gold discoveries into substantial mineral resources and unlock the Klondike goldfields’ world-class mineral wealth potential for our stakeholders.”
About the company
Klondike Gold Corp. is a Vancouver-based gold exploration company advancing its 100-per-cent-owned Klondike District Gold Project at Dawson City, Yukon, one of the top mining jurisdictions in the world. The property covers 727 square km and is host to two bedrock gold deposits.
Klondike Gold Corp. (TSXV:KG) opened trading at $0.085 per share.
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