Klondike Gold Corp. (TSX-V:KG) said the gold potential of its Klondike District Property in Yukon, Canada, was demonstrated by the results of a regional bio-leach extractable gold (BLEG) survey carried out last year by Newmont Canada which included its project.
Newmont’s BLEG survey totalled 292 sample sites, with 37 samples taken from within the company’s Klondike District Property.
Klondike said the highest percentile ranks of BLEG survey element analyses of characteristic “orogenic gold deposit” model elements were collected at the 37 sites within its property out of the 292 samples.
Analysis of samples, which returned a percentile ranking out of 100%, from the Klondike property returned the highest gold sample at 100% and five samples were between 90% and 99.99%.
It also returned the highest tellurium, silver and bismuth samples, all at 100%, with four other samples of each element between 90% and 99.99%. Lead tied at 100% and six copper samples were at 90% to 99.99%.
The company said it continues to evaluate the 50-element dataset in detail.
"We have pursued the idea of conducting a regional geochemical survey for years to characterize where Klondike might fit in the major tectonic gold belt picture, and we would like to thank Newmont for their cooperation on independently delivering their own professional survey and for providing us the contextual results,” Klondike CEO Peter Tallman said in a statement.
“These are as we expected: our Klondike District Property contains the regional #1 orogenic gold anomaly based on multiple elements. And the anomalism is throughout the strike length of the property with new target areas indicated by this survey that require immediate prospection in 2024."
Klondike Gold is a Vancouver-based gold exploration company advancing its 100%-owned Klondike District gold project located in Dawson City, Yukon, one of the top mining jurisdictions in the world.