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Klondike Gold Corp. (TSXV:KG) announced that is has began the 2015 exploration program targeting gold-bearing quartz veins at its Lone Star and Dominion properties near Dawson, Yukon.
Klondike Gold Corp. (TSXV:KG) announced that is has began the 2015 exploration program targeting gold-bearing quartz veins at its Lone Star and Dominion properties near Dawson, Yukon.
As quoted in the press release:
Klondike Gold has engaged GroundTruth Exploration Ltd (“GroundTruth”) of Dawson, YT to complete magnetics and orthophotography surveys across the Company’s Yukon property areas. GroundTruth is using unmanned aerial drone (“UAV”) technology to acquire ultra-high resolution imagery necessary to produce orthophotographic base maps and digital elevation models over key areas of interest. GroundTruth will also acquire magnetics data using ground “walking” magnetometer systems, which have high-sensitivity and zero environmental disturbance. Each of these geoscience programs are anticipated to continue through mid-summer.
Klondike Gold’s geology and prospecting crews have also begun field work. Near-term objectives will focus on resampling and structural mapping of old trenches followed by final remediation of these sites. Prospecting, mapping, and other follow-up surveys will utilize geoscience data generated by GroundTruth as it becomes available and will focus initially on known areas of gold-mineralized quartz veining.
The remaining 2015 exploration season will consist of the collection of target specific geophysics, orthophotography, soil geochemistry, trenching, plus prospecting and mapping. The Company has budgeted for an initial test of approximately 1,000 meters of diamond drilling contingent upon continued positive detailed exploration results. Klondike Gold has working capital of approximately $1.2 million and is fully funded for 2015.
Click here to read the full Klondike Gold Corp. (TSXV:KG) press release.