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Early Klondike Gold Drill Results Yield 5.1 g/t Au Over 14.34 Meters at Nugget Zone

Jocelyn Aspa
Jul. 14, 2016 10:05AM PST
Gold Investing

Klondike Gold (TSV:KG) has announced first assay results from 2016 drilling and to update progress of ongoing drill testing at the Lone Star and Dominion properties in the Yukon. As quoted in the press release: A total of 41 diamond drill holes have been completed to date as part of the drill program which began …

Klondike Gold (TSV:KG) has announced first assay results from 2016 drilling and to update progress of ongoing drill testing at the Lone Star and Dominion properties in the Yukon.
As quoted in the press release:

A total of 41 diamond drill holes have been completed to date as part of the drill program which began in mid-May (see News Release June 14, 2016 and May 18, 2016).  The campaign has averaged nearly one diamond drill hole completion per day using one drill.  A cumulative 3,100 meters of core has been recovered and processed during this period.  Up to an additional 1,500 meters of drilling is planned.
Diamond drill target areas tested so far include Nugget, and Violet Ridge on the Lonestar Property, and the Hunker target on the Dominion Property.  The 3.5 km long Violet Ridge target area is divided into “310”, “Isaac”, and “Violet Mine” subzones based on geology.
HIGHLIGHTS:
Nugget Zone drilling intersects visible gold within quartz vein array assaying 5.1 g/t Au over 14.34 meters starting at surface in hole EC16-32, the best result to date at Nugget; extends Nugget Zone 50 meters to east.
Initial drilling at Violet Ridge (310 target) discovers quartz veins with visible gold; assays pending.
Initial drilling at Dominion intersects quartz veins down-dip from c.1900 exploration shaft on 3 meter quartz vein assaying up to 81 g/t Au in prospecting chip samples; assays pending.

Click here to read the full press release.

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