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Klondike Gold Reports 1,009 g/t Au with 1,035 g/t Ag over 1.0 meter and 8.9 g/t Au over 10.0 meters at Nugget Zone, Yukon
VANCOUVER, BC / ACCESSWIRE / August 6, 2019 / Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; ...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold Reports 1,009 g/t Au with 1,035 g/t Ag over 1.0 meter and 8.9 g/t Au over 10.0 meters at Nugget Zone, YukonVANCOUVER, BC / ACCESSWIRE / August 6, 2019 / Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) is pleased to report assays from nine drill holes testing the Nugget Zone along the Nugget Fault on the Company’s wholly owned 576 square kilometer Klondike District Property, Yukon Territory. Assay results for samples from nine (9) drill holes (EC19-255 to EC19-259 plus EC19-266 to EC19-269) have been received, with assay results for three (3) drill holes (EC19-270 to EC19-272) still pending. A total of twelve (12) drill holes totalling 913 metres tested the Nugget Zone.Highlights:Drill testing along 200 meters at Nugget Zone has intersected gold mineralization and discovered a new parallel zone of high-grade gold.Drill hole EC19-267 intersected new mineralization grading 1,009 g/t Au with 1,035 g/t Ag over 1.0 meter (104.00-105.00 m); this is included in a wider interval that graded 404 g/t Au with 415 g/t Ag over 2.5 meters (104.00-106.50 m). This is a new discovery 25 meters below the known Nugget Zone mineralization and remains open.Drill hole EC19-256 intersected Nugget Zone mineralization grading 8.9 g/t Au over 10.0 meters (17.40-27.40 m); this is included in a wider interval grading 4.3 g/t Au over 21.5 meters (5.90-27.40 m) beginning at surface.Drill hole EC19-266 intersected Nugget Zone mineralization grading 1.8 g/t Au over 49.6 meters (4.60-54.20 m) beginning at surface.The Nugget Zone is associated with a prominent, eight-kilometer long magnetic low named the Nugget Fault which hosts gold-bearing quartz veins at Glacier Gulch, Nugget East, Upper Eldorado, several newly discovered c.1900 small mine workings, and outcrops located over a 2.5 kilometer strike length. Drilling targeting the Nugget Fault including the Nugget Zone began around mid-June (see News Release June 10, 2019).The objectives of drilling the Nugget Zone were to target prospective areas of high-grade gold mineralization and to improve structural understanding by capturing structural measurement data on rock fabrics and gold-bearing quartz vein orientations. Larger diameter HTW-size drill core was used to improve core recovery and to increase analytical precision ...