Klondike Gold 2024 Exploration Program Update Including Significant Mapping Results
Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) has provided updates on its 2024 exploration work at the Klondike District Property in Yukon, Canada. Key highlights include:
1. Mapping of the newly defined 'Eldorado Fault' over a 12km length, controlling high-grade gold emplacement.
2. Discovery of new outcropping visible gold at Archy, Archy Wasp, and DJ Showings along the Eldorado Fault.
3. Completion of 36 diamond drill holes totaling 5,828 meters at Stander and Gay Gulch Zones.
4. The Eldorado Fault is now recognized as a major structural corridor linking various gold showings.
The company's 2024 objectives include targeted prospecting, diamond drilling to expand high-grade gold intersections and the Stander Zone mineral resource, and testing for stacked gold-bearing quartz vein zones. Assay results from recent discoveries and drilling are pending.
Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ha fornito aggiornamenti sui lavori di esplorazione previsti per il 2024 nella Klondike District Property in Yukon, Canada. I punti salienti includono:
1. Mappatura della nuova 'Faglia Eldorado' su un lungo tratto di 12 km, che controlla l'emplacement di oro ad alta legge.
2. Scoperta di nuovi affioramenti visibili di oro a Archy, Archy Wasp e DJ Showings lungo la Faglia Eldorado.
3. Completamento di 36 perforazioni diamantate per un totale di 5.828 metri nelle Zone Stander e Gay Gulch.
4. La Faglia Eldorado è ora riconosciuta come un importante corridoio strutturale che collega vari affioramenti auriferi.
Gli obiettivi della compagnia per il 2024 includono prospezione mirata, perforazioni diamantate per espandere le intersezioni di oro ad alta legge e la risorsa minerale della Zona Stander, oltre alla verifica di zone di vene di quarzo aurifero sovrapposte. I risultati delle analisi delle recenti scoperte e perforazioni sono in attesa.
Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ha proporcionado actualizaciones sobre su trabajo de exploración 2024 en la propiedad Klondike District en Yukón, Canadá. Los aspectos más destacados incluyen:
1. Mapeo de la nueva 'Falla Eldorado' a lo largo de 12 km, controlando el emplazamiento de oro de alta ley.
2. Descubrimiento de nuevos afloramientos visibles de oro en Archy, Archy Wasp y DJ Showings a lo largo de la Falla Eldorado.
3. Finalización de 36 agujeros de perforación diamantada que totalizan 5,828 metros en las Zonas Stander y Gay Gulch.
4. La Falla Eldorado ahora se reconoce como un importante corredor estructural que conecta varias manifestaciones de oro.
Los objetivos de la compañía para 2024 incluyen prospección dirigida, perforaciones diamantadas para expandir las intersecciones de oro de alta ley y los recursos minerales de la Zona Stander, y pruebas para zonas de venas de cuarzo que contienen oro en capas. Los resultados de los análisis de los recientes descubrimientos y perforaciones están pendientes.
클론다이크 골드 코프(Klondike Gold Corp.)(TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF)는 캐나다 유콘의 클론다이크 지구 부동산에서 2024년 탐사 작업에 대한 업데이트를 제공했습니다. 주요 내용은 다음과 같습니다:
1. 고품질 금의 매립을 조절하는 길이 12km의 새로운 '엘도라도 단층' 매핑.
2. 엘도라도 단층을 따라 Archy, Archy Wasp, DJ Showings에서 새로 발견된 외부 금 발견.
3. Stander 및 Gay Gulch 구역에서 총 5,828미터에 달하는 36개의 다이아몬드 드릴 홀 완료.
4. 엘도라도 단층은 현재 여러 금 발견을 연결하는 주요 구조 복도로 인식되고 있습니다.
회사의 2024년 목표는 목표 탐사, 고품질 금의 교차점을 확장하기 위한 다이아몬드 드릴링, Stander 구역의 광물 자원 확장, 그리고 층상 금을 함유한 석영 vein 구역을 테스트하는 것입니다. 최근 발견과 드릴링의 분석 결과는 아직 나올 예정입니다.
Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) a fourni des mises à jour sur son travail d'exploration en 2024 à la Klondike District Property au Yukon, Canada. Les points clés incluent :
1. Cartographie de la nouvelle 'Faille Eldorado' sur une longueur de 12 km, contrôlant l'emplacement de l'or de haute qualité.
2. Découverte de nouveaux affleurants d'or visibles à Archy, Archy Wasp et DJ Showings le long de la Faille Eldorado.
3. Achèvement de 36 forages diamantés totalisant 5 828 mètres dans les zones Stander et Gay Gulch.
4. La Faille Eldorado est maintenant reconnue comme un corridor structurel majeur reliant diverses manifestations aurifères.
Les objectifs de l'entreprise pour 2024 incluent la prospection ciblée, le forage diamanté pour élargir les intersections d'or de haute qualité et les ressources minérales de la zone Stander, ainsi que des tests pour des zones de veines de quartz aurifères empilées. Les résultats des analyses des récentes découvertes et forages sont en attente.
Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) hat Updates zu seinen Erkundungsarbeiten 2024 in der Klondike District Property im Yukon, Kanada, bereitgestellt. Zu den wichtigsten Punkten gehören:
1. Kartierung des neu definierten 'Eldorado-Bruchs' über eine Länge von 12 km, der die Platzierung von hochgradigem Gold steuert.
2. Entdeckung neuer sichtbarer Goldvorkommen bei Archy, Archy Wasp und DJ Showings entlang des Eldorado-Bruchs.
3. Abschluss von 36 Diamantbohrungen mit insgesamt 5.828 Metern in den Zonen Stander und Gay Gulch.
4. Der Eldorado-Bruch wird jetzt als ein bedeutendes strukturelles Korridor anerkannt, das verschiedene Goldvorkommen verbindet.
Die Ziele des Unternehmens für 2024 umfassen gezielte Prospektion, Diamantbohrungen zur Erweiterung hochgradiger Goldintersektionen und der mineralischen Ressourcen der Stander-Zone sowie Tests für geschichtete goldhaltige Quarzgangzonen. Die Analyseergebnisse aus den jüngsten Entdeckungen und Bohrungen stehen noch aus.
- Mapping of the 'Eldorado Fault' over 12km, potentially linking major gold deposits
- Discovery of three new outcropping visible gold showings along the Eldorado Fault
- Completion of 36 diamond drill holes totaling 5,828 meters at key zones
- Potential extension of the Eldorado Fault to 45km length through the entire property
- Assay results from new discoveries and drilling are still pending
- Actual gold content and economic viability of new showings yet to be determined
VANCOUVER, BC / ACCESSWIRE / August 20, 2024 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ("Klondike Gold" or the "Company") is pleased to provide updates on 2024 exploration work including significant results from mapping plus prospecting and diamond drilling progress on the Company's
Summary
The newly defined "Eldorado Fault" has been mapped in outcrop over a 12km length as a fundamental structural corridor controlling high-grade gold emplacement within the Property. This corridor includes the Stander Zone mineral resource area 1 and Gay Gulch Zone gold prospect.
New outcropping visible gold discoveries have been made at the Archy Showing, Archy Wasp Showing, and DJ Showing over a 5 km distance along the ‘Eldorado Fault' with assays pending.
36 diamond drill holes have been completed as part of 2 major phases of 2024 operations. This work yielded 5,828 meters diamond drill core at the Stander and Gay Gulch Zones with assays pending.
Peter Tallman, Klondike Gold's President & CEO states "Our 2024 field season so far has been visually rewarding and assay results are coming soon. Using the new Eldorado Fault structural corridor as an ‘aiming' tool has led to three new outcropping discoveries of significant visual gold mineralization along Eldorado Creek. In addition, diamond drilling at the Stander Zone testing for higher grades and extensions to mineralization adjacent the current mineral resource now awaits assays that will guide future drilling."
Prospecting and mapping work in 2024 resulted in discovery of three significant ‘new' gold showings along the Eldorado Fault:
The Archy Showing is located 300 meters from the Eldorado Fault. Originally prospected in 2017, three rock grab samples of quartz veining then assayed 5 to 33 g/t Au from surface rubble. Re-examination and trenching in 2024 led to discovery of zones of massive pyrite seams with gold as well as quartz veining with >5 flecks visible gold per hand size piece within an iron carbonate alteration zone from intermittent exposures along 100 meters strike length. Fourteen rock prospecting samples from 2024 have assays pending.
The Archy Wasp Showing is located 1.3 km east-southeasterly along strike from the Archy Zone along the Eldorado Fault. Visible gold is observed and is hosted by quartz veining in outcrop and local float over a 60m by 20m area associated with abundant coarse pyrite and strong iron carbonate alteration. Thirteen rock prospecting samples from 2024 have assays pending. Further work in the area continues.
The DJ showing was originally uncovered by placer miner Dave Johnson in the 1980's while mining along Eldorado Creek near Gay Gulch, and independently ‘rediscovered' by prospecting in 2024. The showing is comprised of a 5 to 10 meter wide quartz vein zone comprised of multiple individual quartz veins located 100 meters from the Eldorado Fault. Eight samples of cross-cutting quartz veining from outcrop have been sent for assay. A 2024 drill hole at Gay Gulch also targeted the DJ showing quartz vein zone approximately 300 meters along strike. All assays of rocks and core are pending.
The newly defined "Eldorado Fault" is considered a major primary structural corridor running subparallel to Eldorado Creek (famous as the richest placer creek from the 1896 Klondike Gold Rush). The Eldorado Fault is a deep southwest dipping crustal thrust marked by graphite schist or fault gouge associated with adjacent quartz veining, ankerite/carbonate alteration, and locally with massive pyrite seams. Historically this graphite has been considered as part of the Klondike Schist unit and not recognized as structure.
The Eldorado Fault now links many gold showings/zones including the Company's Stander Zone mineral resource area, the Gay Gulch showing area, and newly discovered Archy, Archy Wasp, and DJ Showings among others.
The Company is working to extend the Eldorado Fault along strike to the southwest to the very similar ‘Sulphur Fault' which if correlated would have a 45 km length through the entirety of the Property.
Defining and mapping the Eldorado Fault and its association as locus of gold mineralization is a product of several years of Company sponsored academic research including PhD and MSc theses (Roman, Copeland, Grimshaw), and contracted expert research and directed advice (Rich Goldfarb and Ben Frieman, CASERM research consortium from Colorado School of Mines). Placer miners (Dave Johnson, Jim Archibald, Bernie and Ron Johnson among others) on Eldorado Creek have provided important observations and exposed key outcrops and have long suggested the source of placer gold is locally derived.
The general objectives of 2024 Klondike District Property fieldwork include:
Targeted prospecting and sampling of specific outcropping gold-bearing areas in the center and northwest parts of the Property;
Diamond drilling to follow up high grade (>1 opt Au) gold drill intersections from late 2023; drilling to test for expansion of the Stander Zone mineral resource area;
Diamond drilling to expand Gay Gulch Showing mineralization;
Prospecting and drill testing for repeated stacked gold-bearing quartz vein zones predicted by orogenic gold deposit models.
QUALIFIED PERSON
The technical and scientific information contained within this news release has been reviewed and approved by Peter Tallman, P.Geo., President and CEO of Klondike Gold and Qualified Person as defined by NI 43-101 policy. Detailed technical information, specifications, analytical information and procedures can be found on the Company's website.
ABOUT KLONDIKE GOLD CORP.
Klondike Gold is a Vancouver based gold exploration company advancing its
ON BEHALF OF KLONDIKE GOLD CORP.
"Peter Tallman"
Peter Tallman,
President and CEO
FOR FURTHER INFORMATION:
Telephone: (604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute "forward-looking statements". When used in this document, the words "anticipated", "expect", "estimated", "forecast", "planned", and similar expressions are intended to identify forward-looking statements or information. These statements are based on current expectations of management, however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. Klondike Gold does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.
Forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices and changes in the Company's business plans. In making the forward looking statements in this news release, the Company has applied several material assumptions that the Company believes are reasonable, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. The Company seeks safe harbor.
For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.
[1] The Mineral Resource Estimate for the Klondike District Property was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI 43-101. The technical report supporting the Mineral Resource Estimate entitled "NI 43-101 Technical Report on the Klondike District Gold Project, Yukon Territory, Canada" has been filed on SEDAR at www.sedarplus.ca effective November 10, 2022. Refer to news release of December 16, 2022.
SOURCE: Klondike Gold Corp.
View the original press release on accesswire.com
FAQ
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