Klondike Gold Drills 30.97 g/t Au (1.0 oz/t Au) over 0.5 meters and also 1464 g/t Ag (47.1 oz/t) over 3.52 meters

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[{"type":"text","content":"Klondike Gold Drills 30.97 g/t Au (1.0 oz/t Au) over 0.5 meters and also 1464 g/t Ag (47.1 oz/t) over 3.52 metersVANCOUVER, BC / ACCESSWIRE / March 24, 2022 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) (\"Klondike Gold\" or the \"Company\") is pleased to report results of 2021 Phase 4 diamond drilling at its Klondike District Property, located in the Dawson Mining District, Yukon, Canada. Phase 4 tested for mineralization associated with graphitic thrust faults over a 4 km strike length along Eldorado Creek including at the Gay Gulch gold showing.Highlights from Phase 4 drilling along Eldorado Creek include:1,464 g/t Ag (47.1 oz/t Ag) over 3.52 meters from 77.25 meters in EC21-43630.97 g/t Au over 0.5 meters from 40.0 meters in EC21-439 at Gay Gulch ShowingPeter Tallman, Klondike Gold's CEO states \"The multi-ounce silver intersection in EC21-436 is exciting. To the best of our knowledge, this is the first like it in the Klondike District and is associated with the major Eldorado Creek thrust fault adjacent to the Gay Gulch gold showing. We look forward to follow-up drill testing in this area of Eldorado Creek in 2022.\"ELDORADO CREEK AREA PHASE 4 DRILLINGPhase 4 drilling tested over a lateral distance of 4.0 km targeting graphitic thrust faults along Eldorado Creek. Thirteen (13) holes totalling 886 meters were completed in October 2021. Phase 4 drilling follows from the identification in 2021 by the Company's geology team of major graphitic thrust faults at the Lone Star Zone and Stander Zone associated with the persistence of gold-bearing sheeted quartz veins intersected in Phase 2 - Lone Star Zone (see News Releases September 22, 2022 and September 27, 2022) and Phase 3 - Stander Zone (see News Release March 1, 2022) drilling adjacent to these faults.The objective of Phase 4 was to determine if observed graphitic outcrops along Eldorado Creek including at Gay Gulch gold showing were associated with thrust faults, determine their orientation, and test for presence of mineralization. See Figure 1 and Figure 2 for Phase 4 drill hole locations and Table 1 for significant assay results.The Phase 4 drill program was successful in extending gold mineralization at the Gay Gulch showing. EC21-439 intersected sheeted gold-bearing quartz veins hosted within and adjacent a graphitic thrust fault with the best individual assay ...

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