leadf
logo-loader
viewKlondike Gold Corp.

Klondike Gold eyeing potential open-pit gold resource as it kicks off drilling again at Lone Star

Preparation for the drill sites is underway in Yukon for the phase four work

Klondike Gold Corp. -
The Lone Star zone remains open in all directions and is prospective at depth for higher grade zones of quartz veining

Klondike Gold Corp (CVE:KG) (OTCPINK:KDKGF) has said it plans to start drilling at the Lone Star Zone at its giant Klondike District property in early September.

Preparation for the drill sites is underway in Yukon for the phase four work ahead of a potential maiden resource, the explorer said.

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

"The objective of drilling at the Lone Star Zone is to attempt to outline a potential open-pit gold resource. As we continue to drill in this area, we are steadily delivering the results needed to bring the Klondike District Property to that stage," Peter Tallman, CEO said in a statement.

The program will consist of around 27 drill holes to testing the Lone Star Zone across a 3.5 km strike length. Testing the potential for high-grade gold veining in structural corridors is a priority, the group noted.

Gold mineralization at Lone Star has been recognized in drill holes over a 3.5 km strike length and in rock grab samples for 4.5 km of strike.

The zone remains open in all directions and is prospective at depth for higher grade zones of quartz veining which are interpreted to represent the feeder ‘plumbing' system to the broad Lone Star Zone at surface, said Klondike.

The Klondike District 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: 0.21 CAD

TSX-V:KG
Market: TSX-V
Market Cap: $28.07 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Klondike Gold Corp. named herein, including the promotion by the Company of Klondike Gold Corp. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

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