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Klondike Gold 2024 Exploration Program Update Including Significant Mapping Results
VANCOUVER, BC / ACCESSWIRE / August 20, 2024 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKG...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold 2024 Exploration Program Update Including Significant Mapping ResultsVANCOUVER, BC / ACCESSWIRE / August 20, 2024 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) (\"Klondike Gold\" or the \"Company\") is pleased to provide updates on 2024 exploration work including significant results from mapping plus prospecting and diamond drilling progress on the Company's 100% owned Klondike District Property (the \"Property\") in the Dawson mining district, Yukon, Canada. (see Figure 1).SummaryThe newly defined \"Eldorado Fault\" has been mapped in outcrop over a 12km length as a fundamental structural corridor controlling high-grade gold emplacement within the Property. This corridor includes the Stander Zone mineral resource area 1 and Gay Gulch Zone gold prospect.New outcropping visible gold discoveries have been made at the Archy Showing, Archy Wasp Showing, and DJ Showing over a 5 km distance along the ‘Eldorado Fault' with assays pending.36 diamond drill holes have been completed as part of 2 major phases of 2024 operations. This work yielded 5,828 meters diamond drill core at the Stander and Gay Gulch Zones with assays pending.Peter Tallman, Klondike Gold's President & CEO states \"Our 2024 field season so far has been visually rewarding and assay results are coming soon. Using the new Eldorado Fault structural corridor as an ‘aiming' tool has led to three new outcropping discoveries of significant visual gold mineralization along Eldorado Creek. In addition, diamond drilling at the Stander Zone testing for higher grades and extensions to mineralization adjacent the current mineral resource now awaits assays that will guide future drilling.\"Prospecting and mapping work in 2024 resulted in discovery of three significant ‘new' gold showings along the Eldorado Fault:The Archy Showing is located 300 meters from the Eldorado Fault. Originally prospected in 2017, three rock grab samples of quartz veining then assayed 5 to 33 g/t Au from surface rubble. Re-examination and trenching in 2024 led to discovery of zones of massive pyrite seams with gold as well as quartz veining with >5 flecks visible gold per hand size piece within an iron carbonate alteration zone from intermittent exposures along 100 meters strike length. Fourteen rock prospecting samples from 2024 have assays pending.The Arc...