viewKlondike Gold Corp.

Klondike Gold reveals drilling results from Nugget East target in Yukon

The miner said in a statement that the final 27 drill holes of its 2018 drill program tested various targets including the Nugget Zone

Map of the Yukon
Follow-up testing in the Yukon is needed, according to Klondike Gold

Klondike Gold Corp (CVE:KG) announced Thursday results of drilling at its Klondike district property in the Yukon Territory.

The Vancouver-based miner said in a statement that the final 27 drill holes of its 2018 drill program tested various targets including the Nugget Zone. Klondike said the most significant new near-surface gold intersections come from the Nugget East target.

READ: Klondike Gold says Lone Star zone drilling shows broad intervals of gold mineralization

One hole showed 2.36 grams of gold per ton over 22.86 meters from 9.14 meters downhole, while another showed 2.22 grams of gold per ton over 21.34 meters from 49.68 meters downhole.

These gold intersections, as well as holes from the 2015 drilling program, outline a new gold-mineralized subzone of 115 meters strike length, which remains open and requires follow-up testing, according to Klondike.

Shares of Klondike slipped C$0.01 to C$0.18 in Thursday’s Canadian trading. They were up US$0.01 to US$0.14 on the OTC Markets in the US.

Last month, the company reported that testing at a further nine holes at the Lone Star zone had shown broad intervals of gold mineralization at or near the surface.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Price: 0.23 CAD

Market: TSX-V
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