Klondike Gold Corp. Announces Commencement of Its 2018 Diamond Drill Program At Klondike District Property, Yukon Territory; Appoints Ian Perry, P. Geo. as Vice President, Exploration
lines to provide information on the lateral and vertical geometry and continuity of gold mineralization. Drilling procedures will include using oriented core tools with both NTW and HTW diameter core, and systematic use of XRF analyzers. Plans also include drilling specific locations across the Lone Star Zone to be used for preliminary metallurgical tests. The Lone Star Zone is located 20 km from Dawson at the northwest end of the Klondike District property. A total of approximately 20 holes are initially planned, with additional holes to follow as the summer progresses. In total 27 prospecting samples were collected from quartz material in the three tailings piles and all contained gold (0.6 g/t to 55 g/t Au). These prospecting samples are very selective in nature, non-representative rock grab samples collected to test for the presence or absence of gold. Systematic additional test results may vary significantly. Individual quartz vein pieces with selvages suggest individual veins are only 10 cm to 50 cm in width. A total of 4 holes are planned to test for geology and mineralization and will be followed by soil surveying to help identify anomalous trends, with additional holes contingent upon positive results.
The company welcomed Ian Perry, P. Geo. to fill the role of Vice President, Exploration. Mr. Perry has over 35 years of experience including the management of the technical and engineering aspects of advanced exploration and development projects, both in Canada and internationally. Mr. Perry has assumed responsibility for directing ongoing exploration.