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Klondike Gold Stakes 15 Mile Silver City Claims in Yukon and Provides an Update on Lone Star Property Data Compilation
Klondike Gold Stakes 15 Mile Silver City Claims in Yukon and Provides an Update on Lone Star P...
About this update from Klondike Gold Corp.
[{"type":"text","content":"\nKlondike Gold Stakes 15 Mile Silver City Claims in Yukon and Provides an Update on Lone Star Property Data Compilation\n\nKlondike Gold Stakes 15 Mile Silver City Claims in Yukon and Provides an Update on Lone Star Property Data Compilation\nVancouver, British Columbia CANADA, June 01, 2012 /FSC/ - Klondike Gold Corp.  (KG - TSX Venture), (the \"Company\") is pleased to announce the acquisition by staking of the 15 Mile Silver City Property and provide an update of its ongoing review and compilation of historical work on the Lone Star Property.\nThe 15 Mile Silver City Property is located approximately 40 kilometres northwest of Dawson City along the Yukon River and totals 100 claims covering an area of 21 km2. These claims target an area with a number of placer gold occurrences and the Silver City Yukon Minfile hard rock prospect (Minfile number 116B 03). Of interest to Klondike Gold is the unexplained source of the 15 Mile placer gold occurrences and the interpretation of the Silver City Minfile prospect as being an area of slope failure with mineralised float boulders found in the slide debris. The Company will focus its exploration towards identifying the bedrock source(s) of the placer gold and that of the silver-gold mineralized boulders. An initial program of exploration and preliminary assessment of the property has commenced.\nThe Lone Star Property data review continues with drilling and geophysics from 1979 to present now incorporated into the database. The drilling compilation encompasses 119 core holes, 135 reverse circulation holes, and 21 percussion holes. The Company now has access to over 15,000 assayed drill samples, many with multi-element analysis, in a GIS and modeling compatible format. Available airborne and ground geophysical surveys were also entered into the database.\nData review focusing on trenches and soil geochemistry is underway. Soil geochemistry review has been aided by a geomorphology study that has significantly increased confidence in the interpretation of past results and will also improve future soil geochemical exploration programs. Preliminary review of historical soil geochemical data has already identified some new targets and increased confidence in several existing Lone Star soil anomalies.\nAbout Klondike Gold Corp.\nKlondike Gold Corp. is a Canadian exploration company w...