Klondike Gold Lone Star Zone Assays 1.02 g/t Au over 91.0 meters

Klondike Gold Corp is pleased to report assays from a further nine drill holes at the Lone Star Zone at the Company’s wholly owned Klondike District Property, Yukon Territory.


A total of 87 holes (9,511.93 meters) were drilled in 2018.  To date, final assay results have been received and released from 51 of the 87 diamond drill holes completed in 2018.  Exploration continues to affirm multiple local sources of bedrock gold mineralization which explain placer deposits exploited historically within the Klondike District.

These nine holes LS18-193 to LS18-201 continued the systematic testing of the Lone Star target at approximately 50-meter spacings from 11650E to 12300E with the objective of outlining the character, geometry, and controls of gold mineralization.

Hole LS18-201 on 12300E intersected 1.02 g/t Au over 91.0 meters starting from near surface, and LS18-200 on 12400E, one hundred meters east of LS18-201, intersected 0.80 g/t Au over 36.26 meters from 94.5 meters downhole.  Holes LS18-196 and LS18-199 both encountered and drilled down a north-south trending zone of fault gouge which has no significant gold values.  This post-mineralization structure has small apparent displacement and does not appear significant in the broader picture.


These results from sectional drilling continue to show broad intervals of gold mineralization starting at or near surface, as well as the presence of gold mineralization at greater depths and continue to demonstrate the auriferous nature of the bedrock mineralizing system.


The final report and lithologic and structural mapping results from across the Klondike District Project are due imminently from SRK Consulting.  This information, once received, will be integrated with final results of Klondike Gold’s detailed mapping, as well as the products of district airborne geophysical surveying, soil geochemical surveying, and prospecting.  Results of the regional program will be released with discussion at that time.


The Lone Star Zone is one of five targets drill tested during the 2018 exploration program.  Additional drill results from Lone Star holes LS18-202 to LS18-210, the last results pending from the Lone Star target testing, are expected imminently.  Results from EC18-215 to EC18-241 which tested other targets will be released as they are received, evaluated and incorporated into the evolving exploration model.  Cross sections, including geology and mineralization will be posted when all holes from the individual zones are available.  For reference, LS18-210 is the final 2018 hole drilled at the Lone Star Zone, the hole ID numbers -211 to -214 were unused, and holes EC18-215 to EC18-241 targeted the Nugget Zone or other targets along Eldorado Creek.


A total of 87 holes (9,511.93 meters) were drilled in 2018.  Assays from drilling at the Lone Star Zone (LS18-151 to LS18-159; LS18-164 to LS18-201) and Gold Run area (GR18-160 to GR18-163) have been released.


ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon Territory. The Company is focused on exploration and development of the Lone Star gold target at the confluence of Bonanza and Eldorado Creeks, within a district scale 557 square kilometer property accessible by government maintained roads located on the outskirts of Dawson City, YT within the Tr’ondëk Hwëch’in First Nation traditional territory.

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