Mr. Peter Tallman reports
KLONDIKE GOLD LONE STAR ZONE ASSAYS 0.91 G/T AU OVER 17.3 METERS WITHIN AN INTERVAL OF 0.42 G/T AU OVER 118.3 METERS
Klondike Gold Corp. has released assay results from another five drill holes at the Lone Star zone as well as additional infill assays from one hole at the Gay Gulch showing, part of a systematic evaluation designed to map the geometry of mineralization across the central one-kilometre portion of the zone, at the company's wholly owned Klondike District property in the Yukon.Exploration continues to affirm multiple local sources of bedrock gold mineralization which explain the placer deposits exploited historically within the Klondike District property.
Within the Lone Star zone associated with the Bonanza fault, five holes, LS18-170 to LS18-174, tested the central portion of the mineralized area.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.
LONE STAR ZONE DRILL RESULTSHole IDFrom (m)To (m)Au (g/t)Interval (m)LS18-1701.404.502.683.10LS18-1716.70125.000.42118.30including 6.70 24.000.91 17.30 including90.70100.251.999.55LS18-172 15.30115.600.34100.30LS18-173247.40252.001.514.60LS18-174No significant values
At the Gay Gulch showing associated with the Eldorado fault, infill assays from hole EC15-08 drilled in 2015 have significantly changed the composite gold average in that hole.Composite assay intervals from five other holes testing the showing remain substantially the same (please see news release dated Oct. 16, 2015).
GAY GULCH SHOWING INFILL SAMPLING RESULTSHole IDFrom (m)To (m)Au (g/t)Interval (m)EC15-0825.95 48.700.77 22.75
An updated plan map of the Lone Star zone drill hole locations is available on the company's website. Cross-sections for 2018 holes, including 2016 and 2017 holes, are also posted or will be added as sections are completed.
Drill holes LS18-170 to LS18-174 were drilled at minus-55 dip and 200 azimuth.Assay averages are calculated over drilled core lengths. True thickness from holes drilled at 200 azimuth is approximately the drilled interval.
The company has been using oriented core tools to collect accurate structurally oriented dip angles at the Lone Star zone, beginning with LS18-151.The collection of data from the use of oriented drill core is a first at the Lone Star zone and results support a critical part of the company's model of mineralization.
Preliminary results from oriented core surveying indicate that gold-bearing quartz veins within the gold-mineralized envelope are consistently shallow dipping at 35 degrees northeast.These veins occur within a broad envelope of gold observed as disseminated, visible, millimetre-sized grains along late cleavage planes.The gold mineralization is primarily hosted by an intermediate schist that is both relatively porous and permeable, and in fault contact with an underlying siliceous felsic schist, which also hosts gold-bearing quartz veins.The fault and lithologic contacts strike approximately 310 degrees and dip generally 50 degrees to the northeast.
Continuing work
Core logging and sampling is projected to continue into early October, 2018.Detailed mapping and sampling of recently identified mineralization, as well as follow-up of preliminary structural and lithologic mapping, are expected to continue until then as well.
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 steadily released as they are received, evaluated and incorporated into the evolving exploration model.Each drill section has six or seven drill holes on it, systematically testing from the upper contact and progressing at 50-metre intervals down dip.Full geology and mineralization maps per section will be posted when all holes on section are available.For reference, LS18-210 is the final 2018 hole drilled at the Lone Star zone.
A total of 87 holes were drilled in 2018.Assays for 20 holes, all from the Lone Star zone (LS18-151 to LS18-159 and LS18-164 to LS18-174), have been released.
Quality assurance and methods
Klondike Gold maintains a rigorous quality assurance/quality control program. Details can be viewed on the company's website.
Drill core samples are submitted by Klondike Gold personnel to Bureau Veritas Mineral Laboratories' (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 Bureau Veritas Laboratories, each core sample is crushed to 80 per cent passing a two-millimetre size. A 500-gram subsample is pulverized to 85 per cent passing minus-75-micron size. The 500-gram 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 fusion with a gravimetric finish. A 30-gram subsample of the minus-140-mesh fraction is assayed for gold by fire assay fusion with an atomic absorption finish. All overlimit results in excess of 10 parts per million (10 g/t) for both silver and gold are reassayed using a 30-gram subsample and assayed by fire assay with a gravimetric finish. The total gold grade isf 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, Klondike Gold's vice-president exploration. He is a qualified person as defined by National Instrument 43-101.
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 Creek and Eldorado Creek, within a district-scale 553-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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