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Klondike Gold 2020 Exploration Underway, Drilling Commences
VANCOUVER, BC / ACCESSWIRE / June 1, 2020 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PIN...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold 2020 Exploration Underway, Drilling CommencesVANCOUVER, BC / ACCESSWIRE / June 1, 2020 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) (\"Klondike Gold\" or the \"Company\") is pleased to report that the 2020 exploration program has commenced on the Company's wholly owned 586 square kilometer Klondike District Property, Yukon Territory. Importantly, the Company is implementing protocols and measures to mitigate the risk of COVID-19 transmission that protects our local host community, our contractors and our employees.SUMMARY:Diamond drilling is underway with approximately 9 holes targeting the Lone Star Zone in Phase 1.A Phase 2 program targeting Stander Zone and a Phase 3 program targeting Stander Zone extensions are also planned.A total of 1210 soils have been collected and submitted for analysis from east of Lone Star Zone and east and west of Stander Zone.A total of 65 prospecting rock samples have been collected and submitted for analysis from Stander Zone.Dulac Mining has commenced placer mining on ground leased from the Company on the Upper Eldorado placer property. The Company retains a 10% production royalty payable in placer gold.Peter Tallman, President and CEO of Klondike Gold stated \"We are excited after 5 years to transition from district-scale geoscience surveys and exploration documenting gold and structural controls towards detailed testing of spatial and economic parameters of segments within both Lone Star and Stander Zones during 2020. Along with our exploration directed at finding new targets and production from our placer lease holder, there is a lot to look forward to in what is shaping up to be a busy season.\" DRILLING IS UNDERWAY:Phase 1 drilling is underway. Approximately 9 infill drill holes are planned to test a sub-area at the western end of the Lone Star Zone where gold mineralization outcrops over a 200 meter by 50 meter area, shown in Figure 1. Drill holes will test for consistency in grade of gold mineralization and constrain the geometry and boundaries of mineralization. Results from the Phase 1 program are anticipated to provide data to allow consideration of a resource volume leading to evaluation as a potential ‘starter open pit'.Figure 1: Plan Map of location of Phase 1 Drilling at Lone Star Zone.Phase 2 drilling will follow later in the season and will compr...