Klondike Gold Corp. to report 2023 mapping, rock sampling and diamond drilling results from five holes at the Gold Run target on the Company's 100% owned Klondike District Property in the Dawson mining district, Yukon, Canada. 10 rock grab samples from the Gold Run target assay gold up to 74.6 g/t Au (2.40 opt Au).

Six of the samples contained visible gold. Mapping indicates a major bounding thrust fault lies 1km west of the Gold Run showing areas and a second subordinate thrust fault lies 1km east. These structures control emplacement of sheeted veins containing gold mineralization.

Mapping suggests the Gold Run target area is not part of the Klondike Schist and belongs to a different assemblage. Five diamond drill holes over a 500 meter strike length all intersected gold bearing sheeted veins with extensive carbonate alteration halos. The gold grades of individual sheeted veins is low, no visible gold was noted, and the overall frequency of veining intersected was also low.

The geochemistry of the veins is also different from those intersected at the Company's gold targets elsewhere within the district. Prospecting, mapping, and diamond drilling was conducted at the Gold Run gold target over a 2.0 km by 1.5 km area located 50 km southeast of mineral resources estimated at the Lone Star and Stander Zones1 and 20 km southeast of the Dominion gold target at the south-east end of the Property. Ten prospecting samples of individual 5 to 20 cm wide outcrop or subcrop quartz veins were collected from pre-existing c.1900 to pre-1948 hand dug exploration pits, trenches, or shafts attributed to Yukon Consolidated Gold Company work which included logging, road building, and camps supporting dredging operations.

Six samples contained visual gold. Four ?highlight' outcrop samples of quartz veins assayed gold between 22.5 g/t Au (0.72 opt Au) and 74.6 g/t Au (2.40 opt Au); all of these samples had visual gold. All ten samples had gold values above 0.63 g/t Au.

Mapping from outcrop and subcrop, LiDAR, geophysics, and diamond drilling is interpreted to indicate the Gold Run gold showing area is hosted by mafic volcanic rocks in a 2km-scale open fold plunging southeast. Major thrust faults occur along the limbs of this fold. The fold is cut by NW-SE oriented fractures which host gold bearing sheeted extensional veins localized in the fold hinge associated with carbonate alteration.

A total of 5 drill holes totalling 524 meters tested the Gold Run target along a 500-meter strike length and across a width of 150 meters. All drill holes intersected gold bearing sheeted veins. Every vein contained anomalous gold but no visible gold was identified and the vein density intersected in each hole was low.

Gold assays from sheeted veins at Gold Run target do not contain anomalous trace elements Te (tellurium) or Ag (silver) among others which are present in significant quantity at Dominion, Lone Star, Stander, or other mineralized zones within the Klondike schists. This mafic lithology area is considered to not be part of the Klondike schist assemblage as shown on government maps. The systematic mapping /sampling survey at Gold Run is part of a broader 2023 effort to assess structural controls in gold target areas to distinguish areas of gold mineralization with tonnage potential from smaller localized showings.

The Company in 2023 completed 25 diamond drill holes testing targets including the Gold Run target, Stander Zone mineral resource area1, and Gay Gulch Showing among other targets. Rock sampling with mapping results from Stander East and other targets mapped during this effort are pending. Assays from five holes at Gold Run are reported here and the remainder of the 2023 drill hole program assays are pending.