Klondike Gold Accelerates 2018 Diamond Drill Program, Adds Second Drill at Nugget Zone
3123 – 595 BURRARD STREET
VANCOUVER, B.C. CANADA V7X 1J1
TELEPHONE: 604-609-6110
FAX: 604-609-6145
WWW.KLONDIKEGOLDCORP.COM
Klondike Gold Accelerates 2018 Diamond Drill Program,
Adds Second Drill at Nugget Zone
August 14, 2018 TSX Venture Exchange Symbol – KG
Vancouver, British Columbia, Canada, August 14, 2018, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC:
KDKGF) (“Klondike Gold” or the “Company”) is pleased to announce the acceleration of its 2018 diamond
drill program at the Company’s wholly owned Klondike District Property, Yukon Territory. The accelerated
drill program seeks to attain a revised 9,000 meters of drilling (~80 holes) in 2018 season with the initial
5,050 meters completed to date.
The first drill remains at the Bonanza Fault area to focus on expansion of the Lone Star gold target. The
Lone Star drill program will continue with one drill with the objective of systematically testing sections to
outline the geometry, continuity, and extent of disseminated gold mineralization and gold-bearing quartz
vein mineralization. From now, an additional 2,000 meters of drilling are planned this season w ith this
drill. Drilling is continuing.
The Company has completed mobilization of a second drill which will focus on testing the Nugget Zone.
This follows positive recent results which showed gold mineralization of 1.55 g/t Au over 45.2 meters,
including 5.3 g/t Au over 7.6 meters (EC15 -03)(see NR August 2, 2018) and 1.0 g/t Au over 51.0 meters
(EC15-15)(see NR July 10, 2018) along a 1,400 meter length.
The objective of drilling at the Nugget Zone is to attempt to broadly outline the geometry, continuity, and
extent of disseminated gold mineralization and gold-bearing quartz vein mineralization. A total of 2,000
meters of drilling are planned here. Drilling is underway.
Further, the Company has completed the property-spanning Klondike District regional survey program
(see news March 19, 2018) comprised of airborne geophysical, soil, structural and lithologic mapping, and
prospecting components. Preliminary results of these programs have been received; final results are
pending. Over 500 rocks, 5,000 soils and 6,500 drill core samples have been submitted for analysis with
nearly all assays pending.
To date in 2018 a total of 5,050 meters of drilling have been completed totalling 44 holes; the additional
planned meterage will bring the season total to an estimated 9,000 meters planned in approximately 80
holes. Assays from only 7 holes (LS18-151 to -157) from 2018 have been received and released.
The Company is re -assessing and further sampling all drill core from 2015 and 2016, following
confirmation of disseminated gold in various drill holes in addition to gold-bearing quartz veins which has
been the focus of exploration by previous explorers for the prior 120 years. (See news release July 10,
2018). A total of 43 holes (37 from Nugget, 6 from Gay Gulch) are being relogged, additionally sampled,
and assayed representing an approximate total of 2,500 new meters of core being sampled from these
holes. Results from nine holes have been released.
QUALITY ASSURANCE AND METHODS
Klondike Gold maintains a rigorous quality assurance / quality control (“QA/QC”) program. Details can be
viewed on the Company’s website http://www.klondikegoldcorp.com/projects/sampling-and-assay-
protocols/.
The technical and scientific information contained within this news release has been reviewed and
approved by Ian Perry, P.Geol., Vice-President Exploration of Klondike Gold Corp. and Qualified Person as
defined by National Instrument 43-101 policy.
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.
On behalf of KLONDIKE GOLD CORP.
“Peter Tallman”
President and CEO
(604) 609-6110
E-mail: [email protected]
Website: www.klondikegoldcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
“This press release contains “forward-looking information” and “forward- looking statements” within the meaning of
applicable securities laws. This information and statements address future activities, events, plans, developments and
projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-
looking information. Such forward-looking information and statements are frequently identified by words such as “may,”
“will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect
assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current
conditions, expectations of future developments and other factors which it believes to be reasonable and relevant.
Forward-looking information and statements involve known and unknown risks and uncertainties that may cause
Klondike’s actual results, performance and achievements to differ materially from those expressed or implied by the
forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing;
fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including
environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and
uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and
in other filings made by us with Canadian securiti es regulatory authorities and available at www.sedar.com. Klondike
disclaims any obligation to update or revise any forward-looking information or statements except as may be required.”