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Klondike Gold Corp.: South-Eastern British Columbia Update

Klondike Gold Corp.: South-Eastern British Columbia Update Vancouver, British Columbia CANAD...

articleKlondike Gold Corp.November 14, 20133/company/klondike-gold-corp/news/klondike-gold-corp-south-eastern-british-columbia-update
Klondike Gold Corp.: South-Eastern British Columbia Update

About this update from Klondike Gold Corp.

[{"type":"text","content":"Klondike Gold Corp.: South-Eastern British Columbia UpdateKlondike Gold Corp.: South-Eastern British Columbia Update\nVancouver, British Columbia CANADA, November 14, 2013 /FSC/ - Klondike Gold Corp.  (KG - TSX Venture), is pleased to report it has completed two exploration programs on its Hughes Range property and its Lewis-MacNeil property in SE British Columbia. The Hughes Range property is a sediment-hosted precious and base metal target located approximately 20 km northeast of the town of Cranbrook.  Work prior to 2012 was focused mainly on a massive sulphide sedex target, based in large part on the recognition of a similar setting as the Sullivan deposit and the presence of a stratiform lead-zinc deposit, the Kootenay King, on the property.  As well, significant placer gold has been recovered in the immediate area, and several small gold occurrences on the property have had limited exploration, mainly prospecting and rock geochemistry.  Work in 2012 led to the discovery of a widespread zone of disseminated copper sulphide mineralization within a southwest trending structural corridor that is marked by Cretaceous intrusive rocks and base and precious metal vein mineralization.  The 2013 program, a ground geophysical VLF-EM and magnetic survey, was concentrated in this corridor with the purpose of outlining zones of increased conductivity that could be related to higher sulphide concentrations and to more closely constrain both controlling structures and lithologies.  These results are pending.  However, based on earlier known results, further work including more detailed mapping, additional prospecting and sampling, and expansion of the geophysical survey is warranted.  \nExploration on the Lewis-McNeal property in 2013 focused on the Brook gold occurrence located in the Purcell Mountains approximately 25 km southwest of Cranbrook.  The work was an extension of a mapping, prospecting and ground geophysical survey conducted in 2012 that outlined a north-trending vein-shear system up to 15 to 20 m in width and partially exposed in road cuts and historical trenching through a strike length of approximately 300 m.  The zone is characterized by elevated base and precious metals with grab samples assaying up to 15.3 g/T Au (Decembe...

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