Business
Klondike Gold Exploration Update
VANCOUVER, BC / ACCESSWIRE / July 30, 2019 / Klondike Gold Corp. (TSX.V:KG)(FRA:LBDP)(OTC...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold Exploration UpdateVANCOUVER, BC / ACCESSWIRE / July 30, 2019 / Klondike Gold Corp. (TSX.V:KG)(FRA:LBDP)(OTC:KDKGF) (“Klondike Gold” or the “Company”) updates progress of the $2-million 2019 exploration program (see news May 16, 2019, and July 7, 2019) on the Company’s wholly owned 576 square kilometer Klondike District Property, Yukon Territory. DRILLING UPDATEA total of 42 holes have been completed testing Gay Gulch along the Eldorado Fault, plus Nugget East, Nugget, and Glacier Gulch Zones along the Nugget Fault. (This corrects previous news release which double counted drill holes). Drilling at the Lone Star Zone has commenced with an increased total of 25 holes now, for a planned total of 67 holes. Logging, geotechnical work, sampling, and assaying are well underway. Assay results for early holes will be available shortly. Further drill assays are expected through August and September.For location map and 2019 drill targets, refer to Figure 1: Location of 2019 Drill Target Zones and nearby prospects, Klondike District Property. GT PROBE & SOIL SURVEY UPDATEThe Company contracted GroundTruth Exploration Inc. (“GroundTruth”) of Dawson, YT to complete its soil sampling program and its GT-Probe surveying. Gold analyses from a total of 1,671 soil samples collected covered the side slope along Eldorado Creek underlain by the Nugget Zone have been received. The highest gold-soils correlate well with the Nugget Zone and show new high-priority prospective areas along-strike to the northwest.A total of 100 samples contain anomalous gold soils, with gold concentrations greater than the first standard deviation (“1SD”) threshold of 29 ppb Au. A total of 37 samples have concentrations ranging from 75 ppb Au to 653 ppb Au. Refer to the Company website for analytical protocols. The Company has received 66 rock sample assays collected from a “GT-Probe” survey also conducted by GroundTruth testing the Lone Star Zone. The GT-Probe survey tested for the continuation of Lone Star Zone gold mineralization at a 450 meter step out to the southeast. The GT Probe systematically sampled bedrock along a 325 meter line length at 5 meter intervals by collecting a rock sample from bedrock beneath the thick overburden cover using a pneumatic drill. Results indic...