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Klondike Gold says drilling at the Stander Zone and its extensions in Yukon will help in bid to define resource

Phase two drilling saw five holes sunk, which all intersected near-surface gold mineralization and successfully identified areas for further drilling

Klondike Gold Corp. -
The property in Yukon covers a massive 557 square kilometres and houses 2,942 claims

Klondike Gold Corp (CVE:KG) (OTCPINK:KDKGF) said that its now complete diamond drilling phases at the Stander Zone and Stander Zone ‘extensions' at its giant Klondike District property has helped the group understand better the geology of the area.

At the Stander Zone, for example, one hole hit 7.57 grams per ton (g/t) gold over 10.5 meters (m) from 48m of drilling within a larger envelope of 3.93 g/t of the yellow metal over 21m from 46m.

READ: Klondike Gold completes three phases of diamond drilling at Klondike district project

Phase two drilling saw five holes sunk, which all intersected near-surface gold mineralization and successfully identified areas for further drilling. Phase 3 drilling tested for possible parallel structural repeats of the Stander Zone to explain down-slope gold-geochemical anomalies generated from sampling. The best of the four holes showed 0.40 g/t gold over 1.5m from 4.5m.

"The drilling has answered a question about the gold veining orientation required to frame a resource model; it is sub-horizontal, and this result also contributes important information for future targeting of the Stander Zone and adds confirmation to the company's guiding geologic and structural model of gold mineralization in the Klondike," Peter Tallman, CEO of Klondike Gold said in a statement.

"The Nugget Fault is now interpreted to have multiple horizontal gold-bearing quartz vein arrays generated adjacent to the fault, allowing the company to explore the Nugget Fault along strike for high-grade quartz vein areas at surface as part of the overall objective to move beyond exploration and towards resource delineation," he added.

The property covers a massive 557 square kilometres and houses 2,942 claims, from where 20 million ounces of the yellow metal have been recovered from gravel beds since 1896, yet no underground mine has ever been built.

Contact the author at [email protected]

Quick facts: Klondike Gold Corp.

Price: 0.215 CAD

TSX-V:KG
Market: TSX-V
Market Cap: $28.73 m
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Klondike Gold expects to have drills turning soon as they expand drilling at...

Klondike Gold (CVE: KG- OTC: KDKGF) President and CEO Peter Tallman joined Steve Darling from Proactive Vancouver with news the company released more positive results from the Stander Zone at Klondike. This is part of Phase 2 and 3 of drilling. Tallman also told Proactive the company is...

on 08/24/2020

2 min read