Research narrows Klondike gold search

Multi-university studies refine age, geology of famed goldfields North of 60 Mining News – June 23, 2023Klondike Gold Corp. June 19 announced that new academic research is providing insights into exploring for the lode source of the nearly 20 million ounces of placer gold recovered from the streams draining the company’s Klondike District property in Yukon, Canada.Located roughly 20 kilometers (12 miles) southeast of Dawson City, the Klondike District Gold Project is comprised of 3,913 quartz claims in one contiguous land package covering 727 square kilometers (452 miles) of the famed Yukon gold district.Advancing the project for over a decade, Klondike’s land package includes the Eldorado property and the Klondike Gold claims. Found within northernmost Eldorado are the Lone Star and Stander zones, which together host 21.59 million metric tons of indicated resource averaging 0.68 grams per metric ton (468,901 oz) gold and 6.46 million tons of inferred resource averaging 0.54 g/t (111,959 oz) gold.Possibly due to the historical relevance of the Klondike Gold Fields, the 2023 exploration program at Klondike is continually influenced by new scientific studies – including the University of Ottawa, University of Toronto, Dalhousie University, and Colorado School of Mines.Highly favorable results from these academic research programs initiated in 2022 have supported a younger age to the gold mineralizing event – coincident with the Mother Lode District in California; constrained the age of mineralizing structures; documented association of gold with tellurides and silver sulfosalts; detected mappable hydrothermal alteration associated with gold mineralization for the first time; and suggested short wave infrared imaging may be practical as an ‘instant analysis’ tool to detect gold-bearing alteration.”Research has constrained the age of the Klondike District’s bedrock mineralization and geochemical/structural environment from which the famous 20 million ounces historical gold placer endowment was derived,” said Klondike Gold CEO Peter Tallman. “These results have considerable beneficial implications for the company’s 100% owned Klondike District property and immediately focus the company’s exploration efforts towards targeting new drill discoveries.”Klondike Gold Corp.Applying the new findings, prospecting and mapping surveys are already underway targeting fault structures interpreted from lidar with silver-tellurium-gold anomalous soils and rocks in areas of reported cross-cutting gold-bearing veins.Gold hosted in late cross-cutting sheeted veins hosts the mineralization contained in the Klondike’s initial 2022 mineral resource estimate at the Lone Star and Stander Deposits.An initial drill program of 2,000 meters testing prospective mineralization is planned to begin in July. Allocation of drill meterage to new prospective targets, expansion of Stander and Lone Star Deposit mineral resources, and testing of Gay Gulch mineralization are subject to revision as results progress throughout the season.”Management maintains its view the Klondike District Property has exceptional overlooked potential for discovery of multiple gold deposits,” said Tallman.

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