Mr. Peter Tallman reports
KLONDIKE GOLD LONE STAR ZONE ASSAYS 1.32 G/T AU OVER 47.0 METRES AND 1.11 G/T AU OVER 36.25 METRES
Klondike Gold Corp. has provided assays from a further 12 drill holes at the Lone Star zone at the company's wholly owned Klondike district property, Yukon territory.
A total of 87 holes (9,511.93 metres) were drilled in 2018. To date, final assay results have been received and released from 42 of the 87 diamond drill holes completed in 2018. Exploration continues to affirm multiple local sources of bedrock gold mineralization which explain placer deposits exploited historically within the Klondike district.
Within the Lone Star zone associated with the Bonanza fault, the 12 holes LS18-181 to LS18-192 tested in the central portion of the mineralized area. LS18-181 to LS18-189 tested behind the main approximately 100-metre-wide band of gold mineralization adjacent to the fault. As expected, these holes intersected predominantly mafic schist adjacent to the more favourable gold-bearing intermediate schist unit at Lone Star. LS18-190 and LS18-191 were drilled nearer the Bonanza fault and encountered favourable gold-bearing intermediate schist, also as expected. These results from sectional drilling continue to show broad intervals of gold mineralization starting at or near surface, as well as the presence of gold mineralization at greater depths, and continue to demonstrate the auriferous nature of the bedrock mineralizing system.
LONE STAR ZONE DRILL RESULTSHole IDFrom (m) To (m) Au (g/t)Interval (m)LS18-181 11.0031.20 0.29 20.20LS18-1825.6034.30 0.29 28.70LS18-183118.00 121.35 2.002.35LS18-184 65.00 113.00 0.27 48.00LS18-185 99.00 100.00 6.151.00LS18-1862.0017.00 0.27 15.00and also125.75 135.00 0.908.37LS18-187107.80 125.00 0.34 17.20LS18-1888.5021.00 0.26 12.50LS18-189 49.5081.50 0.29 32.00LS18-190 23.5090.30 0.65 66.80LS18-1915.0052.00 1.32 47.00LS18-1924.0540.30 1.11 36.25Lone Star zone drill holes LS18-181 to LS18-192 were drilled at minus-55-degree dip and 200-degree azimuth. Assay averages are calculated over drilled core lengths; true thickness from holes drilled at 200-degree azimuth is approximately the drilled interval.
Continuing work
The final report and lithologic and structural mapping results are due from SRK Consulting. This information, once received, will be integrated with final results of Klondike Gold's detailed mapping, as well as the products of district airborne geophysical surveying, soil geochemical surveying and prospecting. Results of the regional program will be released with discussion at that time.
The Lone Star zone is one of five targets drill tested during the 2018 exploration program. Additional drill results from Lone Star and other targets will be released as they are received, evaluated and incorporated into the evolving exploration model. Cross-sections, including geology and mineralization, will be posted when all holes from the individual zones are available. For reference, LS18-210 is the final 2018 hole drilled at the Lone Star zone, the hole ID numbers -211 to -214 were unused, and holes EC18-215 to EC18-247 targeted the Nugget zone or other targets along Eldorado Creek.
A total of 87 holes (9,511.93 metres) were drilled in 2018. Assays from drilling at the Lone Star zone (LS18-151 to LS18-159; LS18-164 to LS18-192) and Gold Run area (GR18-160 to GR18-163) have been released.
Quality assurance and methods
Klondike Gold maintains a rigorous quality assurance/quality control (QA/QC) program. Details can be viewed on the company's website.
Drill core samples are submitted by Klondike Gold personnel to Bureau Veritas Mineral Laboratories' (BV Labs) (formerly Acme Labs) preparation facility in Whitehorse, Yukon, with chemical analysis of sample pulps completed in Vancouver, B.C. Bureau Veritas Labs is an accredited ISO 9001:2008 full-service commercial laboratory.
At BV Labs each core sample is crushed to 70 per cent passing two-millimetre size. A 500-gram subsample is pulverized to 85 per cent passing minus-75-micron size (code PRP70-500). The 500 g subsample is then sieved to 106 microns (140 mesh) for metallic screen assaying. The plus-140-mesh fraction is then weighed and assayed for gold by fire assay (FA) fusion with a gravimetric finish (code FS631). A 30 g subsample of the minus-140-mesh fraction is assayed for gold by fire assay (FA) fusion with an atomic absorption (AA) finish (code FA430). All overlimit results in excess of 10 parts per million (10 grams per tonne) for both silver and gold are reassayed using a 30 g subsample and assayed by FA with a gravimetric finish (code FA530-Au/Ag). Total gold grade is then calculated using a weighted average of the plus and minus fraction assay results.
The technical and scientific information contained within this news release has been reviewed and approved by Ian Perry, PGeol, vice-president exploration of Klondike Gold and qualified person as defined by National Instrument 43-101 policy.
About Klondike Gold Corp.
Klondike Gold is a Canadian exploration company with offices in Vancouver, B.C., and Dawson City, Yukon. The company is focused on exploration and development of the Lone Star gold target at the confluence of Bonanza and Eldorado Creeks, within a district-scale 557-square-kilometre property accessible by government-maintained roads located on the outskirts of Dawson City, Yukon, within the Tr'ondek Hwech'in First Nation traditional territory.
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