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Klondike Gold Corp.

Klondike Gold says Lone Star zone drilling shows broad intervals of gold mineralization

One of a further nine holes drilled intersected 1.02 grams per ton of gold over 91 meters starting from near the surface, the company said in a press release.

Gold nuggets
To date, gold drilling results have been received from 51 of the 87 holes completed in 2018, according to Klondike

Klondike Gold Corp (CVE:KG) (OTCMKTS:KDKGF) said Monday that testing at a further nine holes at the Lone Star zone of the company’s Kondike property in the Yukon Territory shows broad intervals of gold mineralization at or near the surface.

One hole intersected 1.02 grams per ton of gold over 91 meters starting from near the surface, the company said in a press release. Another hole intersected 0.80 gram per ton of gold over 36.26 meters from 94.5 meters downhole.

READ: Mineworx Technologies gets US patent for gold mining extraction process

To date, results have been received and released from 51 of the 87 drill holes (9.5 kilometers) completed in 2018, according to Klondike.

A final report and lithologic and structural mapping results from across the Klondike district project are due soon.

Once received, the data will be integrated with final results of Klondike’s detailed mapping, as well as the products of district aerial geophysical surveying, soil geochemical surveying and prospecting.

Shares of Klondike gained C$0.02 to C$0.20 in Monday’s Canadian trading. They advanced US$0.01 to US$0.16 on the OTC market.

 

Contact Dennis Fitzgerald at [email protected]

Quick facts: Klondike Gold Corp.

Price: $0.38

Market: TSX-V
Market Cap: $41.32 m
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