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Klondike Gold Drills 2.4 g/t Au Over 40.9 Meters and 2.1 g/t Au Over 41.1 Meters
VANCOUVER, BC / ACCESSWIRE / July 11, 2017 / Klondike Gold Corp. (TSX-V: KG; FRA: LBDP) ("Kl...
About this update from Klondike Gold Corp.
[{"type":"text","content":"\nKlondike Gold Drills 2.4 g/t Au Over 40.9 Meters and 2.1 g/t Au Over 41.1 MetersVANCOUVER, BC / ACCESSWIRE / July 11, 2017 / Klondike Gold Corp. (TSX-V: KG; FRA: LBDP) (\"Klondike Gold\" or the \"Company\") has received drill assay results from the first two holes of eighteen drilled so far at the Lone Star target within the Company's Klondike district property, Yukon Territory.\nSUMMARY\n\n At the Lone Star target, LS17-81 assayed 2.1 g/t Au over 41.1 meters from surface, a new 50 meter step-out to the west of LS16-58 drilled in 2016 which assayed 2.4 g/t Au over 37.0 meters.\n LS17-82 assayed 2.4 g/t Au over 40.9 meters from 10 meters downhole, a direct 25 meter undercut of LS16-58.\n The Lone Star target strike length is now 750 meters and remains open to east, west and down-dip. Assays from a further twelve holes at Lone Star, and four from other targets, are pending from Phase 1 drilling.\n The Phase 1 drill program tested a 1,950 meter strike length along the Bonanza Fault including the 750 meter Lone Star target segment. Seven holes of Phase 1 contain visible gold identified as disseminations and in quartz veining spanning the 1,950 meter strike length tested.\n The Phase 2 drill program has commenced today and is expected to comprise another approximately 20 holes with the primary objective to continue to expand the Lone Star mineralized target to the west and to depth.\n\nEighteen diamond drill holes in the 2017 Phase 1 drill program (\"Phase 1\") tested a 1,950 meter strike length along or adjacent to the newly identified Bonanza Fault, from the new Pioneer area in the east, to the central Lone Star target zone of interest, to the new O'Neill area in the west. The Bonanza Fault is interpreted to be a significant locus for orogenic gold mineralization with an inferred 7,500 meter potential strike length.\nSeven holes of Phase 1 contain visible gold identified as disseminations and in quartz veining spanning the 1,950 meter strike length tested along the Bonanza Fault. These include five holes testing the Lone Star target out of fourteen, and one hole out two which tested each of the Pioneer and O'Neill areas. A plan map of Phase 1 drill locations is available on our website HERE.\nFourteen holes of Phase 1 tested the Lone Star target with assays received for the first two. LS17-82 intersected 2.4 g/t Au over 40.88 met...