Klondike Gold Corp has reported more drill results from its huge Klondike District project in Yukon, which shows the Stander Zone hosts 'significant near-surface' gold mineralization which is expandable and open in all directions.
The assays come from a Phase 3 drill program comprising 20 holes at the zone in 2021, which targeted two sub-areas - main and east - which are separated by around 2,500 metres (m) along strike.
Highlights included a length of 21.34m at 3.36 grams per ton (g/t) gold, starting from a depth of 32m in one hole. That was within a longer intercept of 48m starting from 32m to 80m depth at 1.55 g/t of the yellow metal.
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"The company is well-positioned to rapidly advance the Lone Star Zone as one among a number of 'pipeline' targets within our district-spanning 586 square kilometer claim package that has excellent access to existing highway, power, communications, commercial airport and town infrastructure," said Peter Tallman, Klondike Gold's CEO in a statement.
Nearly all Phase 3 holes in both sub-areas of the Stander Zone hit broad intervals of between 0.15 g/t gold and 0.60 g/t gold. This gold mineralization is considered to be a mineralized halo around a central core of intense quartz veining and higher-grade gold deposition.
Klondike said it was receiving final assays from its Phase 3 and Phase 4 2021 drill programs which concluded in October last year. The full Phase 3 results were reported today and Phase 4 will be forthcoming in the days ahead, it added.
SRK Consulting of Toronto is preparing an NI 43-101 report summarizing geology and exploration on the company's project, which is nearly complete.
Klondike Gold Corp is a Vancouver-based explorer advancing its 100%-owned Klondike District gold project in Dawson City, Yukon - one of the top mining jurisdictions in the world.
Contact the writer at giles@proactiveinvestors.com