Mining News: Northern Neighbors: Klondike Gold more than doubles drill program - April 24, 2016

Providing coverage of Alaska and Northwest Canada's mineral industryApril 2016

Vol 21, No. 17

Week of April 24, 2016

Mining News: Northern Neighbors: Klondike Gold more than doubles drill program

Klondike Gold Corp. April 14 said it is expanding its planned drill program at the Lone Star and Dominion gold properties near Dawson City, Yukon Territory from 20 holes to at least 50, and increases the budget from C$350,000 up to C$750,000. All 50 planned holes will target outcropping quartz vein arrays containing visible gold, outcrop grab samples with at least five grams per metric ton assay results, or both, and all are associated with magnetic breaks (faults) that are at least 500 meters long. Klondike said field work consisting of prospecting, mapping, and scouting access for drill locations has already begun. Whitehorse-based Kluane Drilling will conduct the drilling and a diamond drill is already on the Lone Star property. Klondike plans to begin the 3,500-meter drill program in early May or as soon as practical.

- Shane Lasley

Mining News North - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.miningnewsnorth.com ---
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