Klondike Gold Corp. (TSX-V:KG) has announced 2023 mapping, rock sampling and diamond drilling results from nine holes at the Gay Gulch gold showing on its 100%-owned Klondike District Property in Canada’s Yukon territory, which included 4.39 grams per tonne (g/t) gold over 6.95 meters (m) from 19.55m.
The gold exploration company said the Gay Gulch gold target is located 800m across strike from the Stander Zone gold mineral resource area.
"The collaboration this summer with orogenic gold experts' Rich Goldfarb and Ben Frieman has produced consequential exploration insights into the geology and structural controls affecting gold mineralization within the Klondike District," Klondike Gold CEO Peter Tallman said in a statement.
"Positive systematic exploration results following these insights include high gold grades from Dominion, Gold Run, and now Gay Gulch," he added.
Klondike Gold noted that seven drill holes totaling 637m tested the Gay Gulch target along a 150m strike length and across a width of 100m.
It added that six of seven drill holes intersected gold-bearing sheeted veins, with visible gold found in two holes.
Assays from 16 out of 25 holes drilled in 2023 have now been reported with the remainder of the 2023 drill hole program assays pending, according to the company.
Klondike Gold is a Vancouver-based gold exploration company advancing its 100%-owned Klondike District gold project located at Dawson City, Yukon, one of the top mining jurisdictions in the world.
Contact Sean at sean@proactiveinvestors.com