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Klondike Gold Provides Exploration Update
Vancouver, British Columbia (FSCwire) - Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) provides an update on drilling, timing of a
About this update from Klondike Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) provides an update on drilling, timing of assay results, and exploration at the Company’s 527 square kilometer Klondike district property, Yukon Territory. Summary The 2017 drilling season is complete totaling 70 diamond drill holes equal to 8,620 meters drilled. Assay results are pending for all 33 holes drilled in Phase III (September – October). 250 line kilometers of geophysical surveying is completed – results pending. 2017 drilling aimed to test the Bonanza Fault, Nugget Fault, and Eldorado Fault for character and extent of gold mineralization. Company is fully funded for an expanded exploration program in 2018. Drill Status and Production: Drilling is completed for this year. Two drills remain locally available for work in early spring. In 2017 three phases of drilling were completed: Phase 1 LS17-81 to LS17-98, Phase 2 LS17-99 to LS17-117, and Phase 3 LS17-118 to EC17-150. 4,684 meters of drill core representing 55% of the season’s production was recovered since September 1st in 33 holes (LS17-118 to EC17-150 inclusive). 8,620 meters of drilling has been completed in 70 core holes in 2017 (starting at LS17-81), more than double the meterage planned for exploration going into the season. Core Sample Assay Status: Currently there are 45 batches totalling 3,200 core samples at the lab, representing some of Phase 2 (pre-September) and all of Phase 3 so far (LS17-118 to LS17-136) submitted to date. Approximately 20% of these samples are 1 to 3 weeks overdue relative to 6-week predicted assay turn-around time, which is up from a 4-week turn-around time achieved by the lab at the beginning of this season. The Company’s crew are completing logging and laying out sampling of the last of the drill holes (LS17-137 to EC17-150 inclusive). There still remains approximately 25% representing an estimated 2,500 core samples to be cut; these are expected to be completed and shipped to the lab through November. A description of sample and assay procedures and protocols are disclosed on the Company’s website. The Company understands that western Canadian assay labs are busy with higher volumes of samples as exploration effort, particularly in Yukon and British Columbia, has been sign...