Klondike Gold Discovers Southwest and Northwest Exploration Step-Outs to Stander Zone Mineralization in Drilling Including 10.34 g/t Au over 1.5 meters
Klondike Gold announces drilling results from seven holes testing southwest and northwest extensions of the Stander Zone. Key discoveries include high-grade intersections of 10.34 g/t Au over 1.5 meters and multiple stacked gold zones including 1.54 g/t Au over 27.0m. The exploration successfully extended the Stander Zone length by 400 meters northwest and width by 200 meters southwest, potentially doubling the gold-mineralized strike length and increasing width by 50%. The drilling program, consisting of 26 holes totaling 4,160.52m, was conducted adjacent to the Company's November 2022 Mineral Resource Estimate area within their 727 km² Klondike District Property in Yukon, Canada.
Klondike Gold annuncia i risultati di perforazione di sette fori che testano le estensioni a sud-ovest e a nord-ovest della Stander Zone. Le scoperte chiave includono intersezioni di alta qualità di 10.34 g/t Au su 1.5 metri e molteplici zone d'oro sovrapposte, tra cui 1.54 g/t Au su 27.0m. L'esplorazione ha esteso con successo la lunghezza della Stander Zone di 400 metri a nord-ovest e la larghezza di 200 metri a sud-ovest, potenzialmente raddoppiando la lunghezza del giacimento mineralizzato d'oro e aumentando la larghezza del 50%. Il programma di perforazione, composto da 26 fori per un totale di 4.160,52 metri, è stato condotto adiacente all'area della Stima delle Risorse Minerali della Compagnia di novembre 2022 all'interno della loro proprietà nel distretto di Klondike, di 727 km², nello Yukon, Canada.
Klondike Gold anuncia los resultados de perforación de siete agujeros que prueban las extensiones suroeste y noroeste de la Stander Zone. Los descubrimientos clave incluyen intersecciones de alta ley de 10.34 g/t Au sobre 1.5 metros y múltiples zonas de oro apiladas, incluida 1.54 g/t Au sobre 27.0m. La exploración ha ampliado exitosamente la longitud de la Stander Zone en 400 metros al noroeste y su anchura en 200 metros al suroeste, posiblemente duplicando la longitud del frente mineralizado de oro y aumentando su ancho en un 50%. El programa de perforación, que consta de 26 agujeros con un total de 4,160.52m, se realizó adyacente al área de la Estimación de Recursos Minerales de la Compañía de noviembre de 2022 dentro de su propiedad de 727 km² en el Distrito Klondike en Yukon, Canadá.
Klondike Gold는 Stander Zone의 남서쪽과 북서쪽 확장을 테스트하는 7개 구멍에서의 시추 결과를 발표했습니다. 주요 발견 사항으로는 1.5미터에 대해 10.34g/t Au의 고등급 교차점과 27.0미터에 대해 1.54g/t Au를 포함한 여러 개의 적층된 금존이 있습니다. 탐사는 Stander Zone의 길이를 북서쪽으로 400미터, 남서쪽으로 200미터 확장하는 데 성공하여 잠재적으로 금 광물화가 있는 스트라이크 길이를 두 배로 늘리고 폭을 50% 증가시켰습니다. 이번 시추 프로그램은 26개의 구멍으로 구성된 총 4,160.52미터이며, 캐나다 유콘주 클론다이크 지구의 727km² 소유지에서 2022년 11월 회사의 광물 자원 추정 지역 인근에서 진행되었습니다.
Klondike Gold annonce les résultats de forage de sept trous testant les extensions sud-ouest et nord-ouest de la Stander Zone. Les découvertes clés comprennent des intersections de haute qualité de 10,34 g/t Au sur 1,5 mètre et plusieurs zones d'or empilées, incluant 1,54 g/t Au sur 27,0 m. L'exploration a étendu avec succès la longueur de la Stander Zone de 400 mètres vers le nord-ouest et la largeur de 200 mètres vers le sud-ouest, ce qui pourrait potentiellement doubler la longueur du filon minéralisé en or et augmenter la largeur de 50%. Le programme de forage, composé de 26 trous totalisant 4 160,52 m, a été réalisé à proximité de la zone d'estimation des ressources minérales de la Société datant de novembre 2022, dans leur propriété de 727 km² du district de Klondike au Yukon, Canada.
Klondike Gold gibt die Bohrergebnisse von sieben Löchern bekannt, die die südwestlichen und nordwestlichen Erweiterungen der Stander Zone testen. Wichtige Entdeckungen umfassen hochgradige Intervalle von 10.34 g/t Au über 1,5 Meter und mehrere übereinanderliegende Goldzonen, darunter 1.54 g/t Au über 27,0 m. Die Exploration hat erfolgreich die Länge der Stander Zone um 400 Meter nordwestlich und die Breite um 200 Meter südwestlich erweitert, was möglicherweise die Länge des goldmineralisierten Streiks verdoppelt und die Breite um 50 % erhöht. Das Bohrprogramm, bestehend aus 26 Löchern mit einer Gesamtlänge von 4.160,52 m, wurde in der Nähe des Mineralressourcenschätzungsgebiets des Unternehmens aus November 2022 innerhalb des 727 km² großen Klondike-Distrikts in Yukon, Kanada, durchgeführt.
- High-grade gold intersection of 10.34 g/t Au over 1.5 meters
- Successful extension of Stander Zone length by 400m northwest and width by 200m southwest
- Multiple stacked gold zones discovered including 1.54 g/t Au over 27.0m
- Potential doubling of gold-mineralized strike length and 50% width increase
- None.
VANCOUVER, BC / ACCESSWIRE / November 5, 2024 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ("Klondike Gold" or the "Company") is pleased to announce seven drill hole results which tested for southwest and northwest extensions of gold mineralization at the Stander Zone. The seven holes were planned as part of a discovery drill program adjacent to the Company's November 10, 2022 Stander Zone Mineral Resource Estimate ("MRE") 1 within the Company's
Highlights Summary:
New high grade gold-bearing quartz vein zones discovered adjacent the Stander Zone to the southwest and northwest demonstrate significant exploration potential in these directions to further expand the Stander Zone MRE area.
EC24-526 intersects stacked gold zones including 1.54 g/t Au over 27.0m, 0.66 g/t Au over 5.50m, and 1.38 g/t Au over 7.0m within 130 meters of surface, 100 meters southwest of the Stander Zone MRE area.
EC24-552 encounters 0.79 g/t Au over 6.0m within 20 meters of surface, 200 meters southwest of the Stander Zone MRE area.
EC24-527, a 400 meter exploration step-out to the northwest, intersects 0.38 g/t Au over 11.50m within 50m from surface.
This successful exploration phase intersects near surface gold mineralization prospectively expanding the Stander Zone length 400 meters northwest and width 200 meters southwest.
Additional drill results are pending.
Peter Tallman, Klondike Gold's President & CEO states "This year's drilling at Stander Zone including today's results have potentially doubled the gold-mineralized strike length and increased the width by
In 2024 the Company conducted a resource expansion and discovery drill program targeting Stander Zone gold mineralization as outlined in the Company's November 10, 2022 Mineral Resource Estimate ("MRE") 1 . A total of 26 holes for 4,160.52m were completed in this overall program divided into phases targeting specific Stander Zone adjacent subareas.
Seven core holes reported here (EC24-526 to EC24-528 and EC24-550 to EC24-553) tested for across strike continuation of width of Stander Zone mineralization to the southwest (5 holes) and for along strike continuation of mineralization to the northwest (2 holes) well outside the 2022 Stander Zone MRE extents. Holes in both these areas successfully intersected significant intervals of gold mineralization to extend the prospective area strike length and width of the Stander Zone. Summary results are shown in Table 1 and drill hole collar locations are shown in Figure 1.
Table 1: Summary of Significant Gold Intervals at Stander Zone Northwestern and Southwestern Extensions
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) |
|
| Stander Southeast |
|
|
EC24-526 | 1.50 | 7.00 | 5.50 | 0.66 |
And | 105.00 | 132.00 | 27.00 | 1.54 |
Including | 106.50 | 108.00 | 1.50 | 10.34 |
And | 125.00 | 132.00 | 7.00 | 1.38 |
EC24-550 | 176.00 | 177.00 | 1.00 | 2.74 |
EC24-551 | 133.00 | 142.00 | 9.00 | 0.68 |
EC24-552 | 14.00 | 20.00 | 6.00 | 0.79 |
EC24-553 |
| No significant assay |
|
|
|
| Stander Northeast |
|
|
EC24-527 | 46.00 | 57.50 | 11.50 | 0.38 |
Including | 57.00 | 57.50 | 0.50 | 5.55 |
EC24-528 | 37.00 | 56.50 | 19.50 | 0.17 |
Discussion
Stander Zone Southwest Across-Strike Drilling (EC24-526; EC24-550 to EC24-553):
Three exploration holes on section (EC24-551, EC24-526, and EC24-552) intersected gold mineralization representing a previously undetected gold zone projected to outcrop 300m in front (downhill) of the Stander Zone, and with a projected 35 o to 50 o degree northeast dip, to continue to depth beneath it. These drilling results, the first exploration to test for mineralization to the southwest, have shown potential to significantly expand the Stander Zone mineralization footprint in this direction with further drilling.
Stander Zone Northwest Along-Strike Drilling (EC24-527, EC24-528):
Two exploration holes tested for continuation of the Stander Zone approximately 400 meters to the northwest. Exploration drilling in recent seasons had targeted anomalous soils upslope to the north considered to be along strike with limited result. Early 2024 rock sampling results led to testing downslope to the southwest for evidence of Stander Zone style gold mineralization. Both drill holes produced encouraging near-surface sheeted extensional vein zones hosting gold mineralization over extended lengths. This appears to be typical Stander Zone ‘halo' mineralization 400 meters to the northwest and an excellent exploration target area.
Overall, new understanding of the Stander Zone with deeper and adjacent drilling in 2024 has demonstrated multiple stacked gold-bearing ‘quartz vein zones' exhibiting along-strike and dip continuity. New drilling reported in this news release has intersected gold mineralization 300 meters to the southwest beyond the extent of the Mineral Resource area. This follows the previous news releases (see NR 22 October, 2024 and 29 October, 2024) reporting significant extensions of mineralization adjacent and beneath the Mineral Resource with similar gold grades.
The intersection lengths reported here should not be considered estimated true widths ("ETW") 2 without additional drilling. These 2024 results are not included in the Company's November 10, 2022 Stander Zone mineral resource estimate ("MRE") 1 which was based upon 40 initial holes completed from 2015 through 2021 using a gold price of
The Stander Zone mineralization is associated with a 5 kilometer corridor of mineralization adjacent the major Eldorado Fault now recognized by the Company to be a master control of orogenic gold mineralization within the Klondike District.
The overall objectives of 2024 Klondike District Property drill testing at Stander Zone include:
Diamond drilling to test for expansion of the Stander Zone mineral resource area, and specifically to follow up high grade (>1 opt Au) gold drill intersections from late 2023. All 2024 Stander Zone drilling results have now been released.
Diamond drilling to test for expansion of extents of Gay Gulch Showing gold mineralization; with 6 drill holes still pending.
Prospecting and drill testing for repeated stacked gold-bearing quartz vein zones predicted by orogenic gold deposit models, targeting potential for deeper gold mineralization.
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
The Company is focused on exploration and development of its 727 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, Yukon, within the Tr'ondëk Hwëch'in First Nation traditional territory.
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.
2 Estimated True Widths for reported vein intercepts are based on oriented core measurements of individual veins where available or measured angles perpendicular to vein margins, and/or 3D models of vein intercepts. The measured and model average "sheeted extensional vein" dip is 35 o northeasterly, and typical drill hole dip angle is 55 o southwesterly. Other potentially oblique gold-mineralized veins (eg. "quartz breccia veins") may be present. Differences between individual ETWs and down-hole interval lengths may vary between drill holes depending on drill hole azimuth and inclination, variations in vein zone strike and dip, and overall geometries of the different vein systems.
SOURCE: Klondike Gold Corp.
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FAQ
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