YUKON Vancouver-based KLONDIKE GOLD and joint venture partner KLONDIKE STAR MINERAL CORP. has given the green light to their Indian River gold project 30 km south of Dawson City. The decision was made based on an estimate of 66,000 oz of contained gold, a number that is not 43-101-compliant. The partners further note that a feasibility study has not been done and the economic viability is not determined.
Klondike Star’s development plan is to phase into production starting with large-scale test mining. Overburden removal is scheduled to begin late fall or early winter. The mining plan is scalable allowing for substantial increases in annual gold production over time.
Among the advantages of the Indian River property are that it can be brought into production quickly. Klondike Star is currently in negotiations for required financing of the mine.
See www.KlondikeGoldCorp.com for additional information.