Klondike Gold Corp (CVE:KG) (OTCPINK:KDKGF) (FRA:LBDP) said the first of a three-phase 6,500 meters (m) drill program kicked off on May 12 at its 586 square kilometers (sq km) Klondike District project in Yukon.
Phase 1 diamond drilling is underway testing the Virgin and Lindow targets along Bear Creek, which is one of the significant placer gold-producing creeks during the Klondike gold rush.
READ: Klondike Gold kicks off 2021 exploration program in the Yukon with drilling at the historic Virgin and Lindow areas
The second phase will begin shortly at the Lone Star Zone, 10km to the south, which is aimed at outlining a maiden resource.
Phase 3 drilling will focus on expanding the discovery at the Stander Zone, also 10km from Bear Creek.
"The primary objective of the 2021 exploration season is to expand known mineralized zones to advance a maiden resource at Lone Star," said Peter Tallman, Klondike Gold's CEO.
"Additionally, we have identified and will test significant new drill targets within the District that could rapidly open up the possibilities for additional discoveries. Our full crew complement is in the field and work is moving along smoothly."
The drilling at Lone Star will test for parallel gold-bearing structures as imbricate repeats of the Bonanza fault, which hosts the Lone Star gold zone in a bid to significantly expand the ‘footprint' of gold mineralization.
This work will also include infill and step-out expansion tests of the main Lone Star Zone for inclusion in a planned 2022 maiden mineral resource estimate, noted the company.
At the Klondike district project, the company is targeting gold associated with district scale orogenic faults along the 55km length of the famous Klondike Goldfields placer district.
To date, multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets.
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