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Klondike Gold's Lone Star zone yields assays 1.02 g/t Au over 91 m

Published by , Assistant Editor
Global Mining Review,

Klondike Gold Corp. (Klondike Gold) has reported assays from a further nine drill holes at the Lone Star zone at the company’s wholly-owned Klondike District property in Yukon Territory.

A total of 87 holes (9511.93 m) were drilled in 2018. To date, final assay results have been received and released from 51 of the 87 diamond drill holes completed in 2018. Exploration continues to affirm multiple local sources of bedrock gold mineralisation which explain placer deposits exploited historically within the Klondike District.

These nine holes LS18-193 to LS18-201 continued the systematic testing of the Lone Star target at approximately 50 m spacings from 11650E to 12300E with the objective of outlining the character, geometry, and controls of gold mineralisation.

Hole LS18-201 on 12300E intersected 1.02 g/t Au over 91.0 m starting from near surface, and LS18-200 on 12400E, 100 m east of LS18-201, intersected 0.80 g/t Au over 36.26 m from 94.5 m downhole.  Holes LS18-196 and LS18-199 both encountered and drilled down a north-south trending zone of fault gouge which has no significant gold values. This post-mineralisation structure has small apparent displacement and does not appear significant in the broader picture.

These results from sectional drilling continue to show broad intervals of gold mineralisation starting at or near surface, as well as the presence of gold mineralisation at greater depths and continue to demonstrate the auriferous nature of the bedrock mineralising system.

Lone Star zone drill results

Lone Star zone drill holes LS18-193 to LS18-201 were drilled at -55 dip and 200 azimuth.  Assay averages are calculated over drilled core lengths; true thickness from holes drilled at 200 azimuth is approximately the drilled interval.

Ongoing work

The final report and lithologic and structural mapping results from across the Klondike District project are due imminently from SRK Consulting. This information, once received, will be integrated with final results of Klondike Gold’s detailed mapping, as well as the products of district airborne geophysical surveying, soil geochemical surveying, and prospecting. Results of the regional program will be released with discussion at that time.

The Lone Star zone is one of five targets drill tested during the 2018 exploration programme. Additional drill results from Lone Star holes LS18-202 to LS18-210, the last results pending from the Lone Star target testing, are expected imminently.  Results from EC18-215 to EC18-241 which tested other targets will be released as they are received, evaluated and incorporated into the evolving exploration model. Cross sections, including geology and mineralization will be posted when all holes from the individual zones are available. For reference, LS18-210 is the final 2018 hole drilled at the Lone Star zone, the hole ID numbers -211 to -214 were unused, and holes EC18-215 to EC18-241 targeted the Nugget zone or other targets along Eldorado Creek.

A total of 87 holes (9,511.93 m) were drilled in 2018. Assays from drilling at the Lone Star Zone (LS18-151 to LS18-159; LS18-164 to LS18-201) and Gold Run area (GR18-160 to GR18-163) have been released.

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