Klondike Gold Corp (CVE:KG) (OTCPINK:KDKGF) revealed its 2021 exploration plans for its flagship Klondike District property just outside of Dawson City, Yukon on Wednesday.
Starting in early 2Q, the Vancouver-based company is planning to drill an initial 6,000 metres in preparation for a maiden resource estimate, which is targeted for 2Q 2022.
This year, Klondike hopes to complete additional near-surface drill testing on the central portion of the Lone Star Zone to support the planned resource estimate and drill test across the 3.5-kilometre east-west trending gold mineralization.
READ: Klondike Gold announces the completion of Phase 4 drilling at the Lone Star Zone in Canada’s Yukon Territory
Klondike will also drill beneath the central portion of the zone for deeper extensions to gold mineralization, it told investors.
Additional plans include near-surface drill testing of the central portion of the Stander Zone and exploration drill testing on the Gold Run and Virgin targets, as part of a program to evaluate and advance gold mineralized area within the wider property.
Peter Tallman, Klondike Gold’s CEO, told shareholders that planning is “well advanced” despite the disruptions to normal work flow last year due to COVID-19.
The Virgin and Gold Run exploration drill targets have developed nicely out of our regional exploration and are similar in scale to the Lone Star or Stander Zones,” Tallman said in a statement.
“Our team is excited to get out and drill test these areas to begin to demonstrate the District scale potential. In addition, the deeper drilling planned for Lone Star Zone beneath the known gold envelope will test for potential extensions of mineralization of this Zone to depth. We are looking forward to a productive and constructive period of work results this year."
Klondike has a treasury of C$3.2 million to start the year.
Contact Angela at angela@proactiveinvestors.com
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