Klondike Gold Corp. (TSX-V:KG) has revealed two main work objectives for exploration at its Klondike District Gold Project in Canada’s Yukon Territory during 2023: work towards doubling the recent mineral resource estimate to more than one million ounces of gold; and identify and outline new discoveries that can be converted to additional mineral resources.
The gold exploration company said work is expected to target identified areas at Lone Star and Stander Zones, where gold-bearing mineralization is continuous but outside the three areas of ‘pit-constrained' mineral resources identified in the November 2022 mineral resource estimate.
Klondike Gold also noted that in the same program, work is expected to target along-strike and depth extensions of Stander Zone mineralization, including targeting the gold-bearing veining to depths greater than the approximately 75 meter vertical level from surface tested to date.
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The company added that it anticipates conducting follow-up drilling in 2023 at the new Gay Gulch Zone, where visible gold was discovered and extensive silicification was identified by exploratory drilling.
As well, Klondike Gold said it is planning more detailed exploration of the large underexplored southeast end of the Klondike District Property, where recent mapping, plus positive geophysical, LIDAR, soil sampling, and prospecting results have identified a number of new high priority targets.
The company also stated that assays from 26 rock samples collected in 2022 during examination of exposures associated with a fault network in the Stander Zone and Gay Gulch showing areas are expected in the coming weeks, in addition to assays from a total of 6,129 core samples collected from 47 holes drilled during 2022, which included targeted drill testing of the Stander Zone for resource expansion and the Gay Gulch showing for discovery potential.
November’s mineral resource estimate showed a total Indicated Resource of 469,000 ounces of gold plus a total Inferred Resource of 112,000 ounces of gold on the near-surface Lone Star and Stander deposits, which is based on drill results from 2014 through 2021 field seasons, according to the company.
Klondike Gold is a Canadian exploration company focused on the exploration and development of its Yukon gold projects.
Contact Sean at sean@proactiveinvestors.com