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Klondike Gold Mobilizes Second Drill; 40 Holes Planned in 30 Days
VANCOUVER, BC / ACCESSWIRE / August 22, 2017 / Klondike Gold Corp. (TSX-V:KG) (FSE: LBDP) ("...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold Mobilizes Second Drill; 40 Holes Planned in 30 DaysVANCOUVER, BC / ACCESSWIRE / August 22, 2017 / Klondike Gold Corp. (TSX-V:KG) (FSE: LBDP) (\"Klondike Gold\" or the \"Company\") announces a second diamond drill is being added to the exploration program to accelerate testing of recently identified targets within the Company's 527 square kilometer Klondike district property, Yukon Territory.\nSummary Highlights\n\n Second drill rig arrives this week to expand Phase 3 of the 2017 exploration program.\n Rigs 1 and 2 will initially drill up to 40 holes along the Lone Star target/Bonanza Fault trend to rapidly test along the 4,000 meter soil anomaly, double the length of the target as presently understood.\n Plans to drill test two additional gold-bearing structural zones, the Nugget and Eldorado fault trends, which run parallel to the Bonanza fault/Lone Star target, have been prepared and will be initiated depending on seasonal conditions.\n Plans to drill test the Gold Run target, 50 kilometers southeast of the current drilling, are prepared and will be initiated depending on seasonal conditions.\n 2017 Phase 1 and 2 drilling has completed 37 holes thus far, results from 11 holes have already been announced, 26 holes are in the lab pending assays, and 40 or more holes are yet to be drilled.\n\nKlondike Gold President, Peter Tallman stated, \"Building upon our successful field results and funding commitments, we are now able to rapidly expand our gold exploration programs within the Company's expansive Klondike district land holdings. What we've learned so far at Lone Star/Bonanza, has implications for several other key, historically gold-rich target areas within the district, and we're eager to begin systematically testing these zones as they also exhibit strong discovery potential.\"\nResults from the recent gold-in-soil survey reported from the Lone Star target show a continuous gold-in-soil anomaly extending 4,000 meters (see NR August 16, 2017) that is coincident with the 800 meters strike length of gold mineralization in drill holes so far this year (see NR's June 20, 2017; July 11, 2017; and August 1, 2017). Considering the priority drill targets identified to-date and given the time remaining in the season, a second drill (\"Rig 2\") has arrived on the Company's Klondike district properties with drilling expec...