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Klondike Gold Commences $2M Exploration Program for 2019
VANCOUVER, BC / ACCESSWIRE / May 16, 2019 / Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: K...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold Commences $2M Exploration Program for 2019VANCOUVER, BC / ACCESSWIRE / May 16, 2019 / Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: KDKGF) (\"Klondike Gold\" or the \"Company\") has commenced a $2-million 2019 exploration program on the Company's wholly owned 563 square kilometer Klondike District Property, Yukon Territory. This year's work is focused in two key areas: drilling at the Gay Gulch and Nugget Zones to target prospective areas of high-grade gold mineralization identified after reviewing data collected from 2018's program, and drilling at the Lone Star Zone to expand areas of disseminated gold mineralization. Refer to Figure 1: Location of 2019 Drill Target Zones and nearby prospects, Klondike District Property.SUMMARY: $2M exploration budget for 2019 6,000 meters of HTW-size diamond drilling in approximately 60 drill holes utilizing two drill rigs commencing in May, with initial results expected in July Drilling to target higher grade gold mineralization at Gay Gulch and Nugget Zones Drilling to expand zone of disseminated gold at Lone Star Zone Collection of 2,000 soil samples at Eldorado and Bonanza Creek to cover prospective trends Collection of 350 GT-probe bedrock samples to test extensions of the Lone Star Zone LIDAR airborne survey, spanning the 563 km2 to help identify the surface position of potentially gold mineralized faultsDIAMOND DRILLING:Approximately 60 drill holes comprising 6,000 meters are planned to target gold mineralization identified at the Gay Gulch, Nugget, and Lone Star Zones associated with the Eldorado, Nugget, and Bonanza Faults respectively. Individual drill holes at Gay Gulch and Nugget Zones are planned to test adjacent to gold intercepts of >20 g/t Au intersected in the 2015 to 2018 drill campaigns in these areas, with drilling at the Lone Star Zone aimed at expanding the disseminated gold mineralized zone along strike. Drilling is expected to commence in May and be completed by August utilizing two drill rigs. Assay results from drill holes are anticipated to be received and released in late July to September.The drill campaign will recover HTW-size (71 mm diameter) core and systematically use 'oriented core' tools. The increased core diameter is expected to improve core recovery, improve sample size and thus improve estimates of contained gold, and to improve struc...