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Klondike Gold Commences Drilling at Lone Star Zone
VANCOUVER, BC / ACCESSWIRE / July 22, 2019 / Klondike Gold Corp. (TSX-V: KG; FRA: LBDP; O...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold Commences Drilling at Lone Star ZoneVANCOUVER, BC / ACCESSWIRE / July 22, 2019 / Klondike Gold Corp. (TSX-V: KG; FRA: LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) has commenced diamond drilling at the Lone Star Zone, part of the $2-million 2019 exploration program (see news May 16, 2019) on the Company’s wholly owned 576 square kilometer Klondike District Property, Yukon Territory. The Lone Star Zone is located 20 kilometers from Dawson City, Yukon by government maintained road. It is hosted by Permian age rocks of the Klondike Schist unit, affected by younger orogenic thrust faulting which has introduced gold mineralization. The Lone Star Zone is the significant bedrock source of alluvial placer gold mined from Bonanza Creek continuously since discovery in 1896, as determined by recent academic studies and the Company’s ongoing work. A total of 15 to 20 holes are planned to test the Lone Star Zone for an approximate total of 1,500 to 2,000 meters of drilling. The program will target a 1 kilometer strike length to the east with the objective of doubling the drilled length of gold mineralization. Refer to Figure 1: Lone Star Zone with proposed 2019 drill sites.The last two holes drilled in 2018 on the east end of the Lone Star Zone intersected extended lengths of gold mineralization starting at or near surface, as follows:Hole IDFrom(meters)To(meters)Au (g/t)Core Interval(meters)LS18-20425.40116.000.9390.60LS18-2054.6084.300.8179.70Work at the Lone Star Zone from 2016 through 2018 has included 114 holes systematically drilled along a 1,000 meter length by 250 meter width nominally at 50 meter spacing which have intersected disseminated gold over broad widths; 102 of these intersected extended intervals of interesting gold mineralization, and 12 holes determined the upper and lower edges of the zone.The Lone Star Zone is within a coincident 3.5 km area of gold-in-bedrock known from prospecting and mapping. Newly discovered gold mineralization includes three prospecting rock grab samples from the west end which assay from 0.6 to 6.8 g/t Au; ten prospecting samples from the east end assay from 4.1 to 38.5 g/t Au. (Prospecting samples are selective in nature, non-representative rock grab samples of bedrock or boulders collected to test for the presence or absence of gold...