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Klondike Gold Announces 469,000 Indicated and 112,000 Inferred Gold Ounces Initial Mineral Resource Estimate for the Klondike District Property, Yukon, Canada
VANCOUVER, BC / ACCESSWIRE / November 10, 2022 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQ...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold Announces 469,000 Indicated and 112,000 Inferred Gold Ounces Initial Mineral Resource Estimate for the Klondike District Property, Yukon, CanadaVANCOUVER, BC / ACCESSWIRE / November 10, 2022 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) (\"Klondike Gold\" or the \"Company\") is pleased to announce an Initial Mineral Resource Estimate in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (\"CIM\") Definition ‎Standards incorporated by reference in National Instrument 43-101 (\"NI 43-101\") for the Lone Star and Stander Deposits at the Klondike District Gold Project, located near Dawson City in the Dawson Mining District, Yukon, Canada.The Initial Mineral Resource Estimate comprises a total Indicated Mineral Resource of 469,000 ounces of gold and a total Inferred Mineral Resource of 112,000 ounces of gold on the near-surface Lone Star and Stander Deposits. The Mineral Resource Estimate is based upon drilling results from 2014 through 2021 field seasons. The pit-constrained Mineral Resource Estimate is summarized below.Table 1: Pit-Constrained Mineral Resource Estimate at a 0.2 g/t Au Cut-Off - Effective November 10, 2022 - Lone Star and Stander DepositsClassificationDepositTonnageTonnesAverage Au Gradeg/tAu Contentoz.IndicatedLone Star19,535,5280.643403,857Stander2,049,7410.98765,044Total21,585,2690.676468,901InferredLone Star6,156,5220.50399,562Stander304,8211.26512,397Total6,461,3430.539111,959Notes: ‎The effective date for the Mineral Resource is November 10, 2022.Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.The CIM definitions were followed for classification of Mineral Resources. The quantity and grade of reported inferred Mineral Resources in this estimation are uncertain in nature ‎and there has been insufficient exploration to define these inferred Mineral Resources as an ‎indicated Mineral Resource and it is uncertain if further exploration will result in upgrading them to an ‎indicated or measured Mineral Resource category.Mineral Resources are reported at a cut-off grade of 0.2 g/t Au, using a gold price of US$1,700/ounces and ...