Klondike Gold Corp (CVE:KG) (OTCPINK:KDKGF) has said it plans to start drilling at the Lone Star Zone at its giant Klondike District property in early September.
Preparation for the drill sites is underway in Yukon for the phase four work ahead of a potential maiden resource, the explorer said.
READ: Klondike Gold says drilling at the Stander Zone and its extensions in Yukon will help in bid to define resource
"The objective of drilling at the Lone Star Zone is to attempt to outline a potential open-pit gold resource. As we continue to drill in this area, we are steadily delivering the results needed to bring the Klondike District Property to that stage," Peter Tallman, CEO said in a statement.
The program will consist of around 27 drill holes to testing the Lone Star Zone across a 3.5 km strike length. Testing the potential for high-grade gold veining in structural corridors is a priority, the group noted.
Gold mineralization at Lone Star has been recognized in drill holes over a 3.5 km strike length and in rock grab samples for 4.5 km of strike.
The zone remains open in all directions and is prospective at depth for higher grade zones of quartz veining which are interpreted to represent the feeder ‘plumbing' system to the broad Lone Star Zone at surface, said Klondike.
The Klondike District property covers a massive 557 square kilometres and houses 2,942 claims, from where 20 million ounces of the yellow metal have been recovered from gravel beds since 1896, yet no underground mine has ever been built.
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