Business
Klondike Gold 2020 Drilling Update
VANCOUVER, BC / ACCESSWIRE / July 7, 2020 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PIN...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold 2020 Drilling UpdateVANCOUVER, BC / ACCESSWIRE / July 7, 2020 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) (\"Klondike Gold\" or the \"Company\") is pleased to announce the completion of Phases 1,2 and 3 diamond drilling (described in News Release June 1, 2020) on the Company's wholly owned 586 square kilometer Klondike District Property, Yukon Territory.SUMMARY:The Phase 1 diamond drilling program targeting the Lone Star Zone is complete. A total of 13 holes on four sections were drilled versus 9 holes planned. All drill samples have been submitted for analysis with assay and drill section results expected in July.The Phase 2 drill program targeting the Stander Zone is complete. A total of 5 holes were drilled as planned. The Phase 3 program targeting Stander Zone extensions with 4 holes is also complete as planned. Logging and sampling drill holes is complete. Assay and section results are expected to follow the release of Lone Star Phase 1 results.Detailed mapping, prospecting and trenching programs targeting the areas of Phase 1, 2 and 3 drilling are still ongoing. Results from these are anticipated to be released with the respective Phase drill assays.The drill remains on the property pending decisions on targets and scope of planned 2020 follow-up drilling.This program of drilling will provide information to help evaluate and consider potential open pit configurations at both the Lone Star and Stander Zones. This program will also help provide information regarding the structural relationship with high gold grades to assist targeting further planned 2020 drilling.Peter Tallman, President and CEO of Klondike Gold stated \"The entirety of the phased drill programs went very smoothly and quickly considering the Company began exploration early and with comprehensive health protocols to prevent infection and transmission of the covid virus, and I want to commend our staff and our contractors for embracing the diligence and patience required. I am optimistic the results of this drilling will help point towards more of the higher grades of gold our shareholders want to see in addition to providing information on Lone Star and Stander Zones.\" PHASE 1 LONE STAR ZONE DRILLING IS COMPLETE:Phase 1 drilling is complete. Thirteen infill drill holes tested a sub-area at the western end of the Lone Star Zone wh...