Klondike Gold Corp has provided an update on current exploration/development activities and 2023 objectives at its Klondike District property located in Canada’s Yukon Territory.
The Vancouver-based gold explorer said prospecting, mapping, and rock sampling programs are targeting known and new areas throughout the property using geochemical and structural criteria derived from academic research programs initiated in 2022, which detected mappable hydrothermal alteration associated with gold mineralization for the first time.
“These results have considerable beneficial implications for the company's 100% owned Klondike District Property and immediately focus the company's exploration efforts towards targeting new drill discoveries,” Klondike Gold CEO Peter Tallman said in a statement.
“Management maintains its view the Klondike District Property has exceptional overlooked potential for discovery of multiple gold deposits,” he added.
Klondike Gold noted that about 2,000 meters (m) of diamond drilling is expected to begin in July, which is allocated for newly-generated targets.
The company added that contingent targets considered include follow-up of Gold Run drill hole GR18-162, which assayed 1.23 grams per tonne (g/t) gold over 13.5m, as well as further testing of Stander Zone mineral resources and Gay Gulch Showing mineralization.
The 2023 exploration program is influenced by new science studies that documented the association of gold with tellurides and silver sulfosalts, Klondike Gold stated.
Klondike Gold is a gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon.
Contact Sean at sean@proactiveinvestors.com