VANCOUVER – Klondike Gold Corp. is pleased to report assays from a further twelve drill holes at the Lone Star Zone at the Company’s wholly owned Klondike District Property, Yukon Territory.
A total of 87 holes (9,511.93 meters) were drilled in 2018. To date, final assay results have been received and released from 42 of the 87 diamond drill holes completed in 2018. Exploration continues to affirm multiple local sources of bedrock gold mineralization which explain placer deposits exploited historically within the Klondike District.
Within the Lone Star Zone associated with the Bonanza Fault, the twelve holes LS18-181 to LS18-192 tested in the central portion of the mineralized area. LS18-181 to LS18-189 tested behind the main approximately 100-meter wide band of gold mineralization adjacent to the Fault. As expected, these holes intersected predominantly mafic schist adjacent to the more favourable gold-bearing intermediate schist unit at Lone Star. LS18-190 and LS18-191 were drilled nearer the Bonanza Fault and encountered favourable gold-bearing intermediate schist, also as expected. These results from sectional drilling continue to show broad intervals of gold mineralization starting at or near surface, as well as the presence of gold mineralization at greater depths and continue to demonstrate the auriferous nature of the bedrock mineralizing system.
The final report and lithologic and structural mapping results are due from SRK Consulting. This information, once received, will be integrated with final results of Klondike Gold’s detailed mapping, as well as the products of district airborne geophysical surveying, soil geochemical surveying, and prospecting. Results of the regional program will be released with discussion at that time.
The full release can be found at www.klondikegoldcorp.com.