Klondike Gold Commences 2017 Drill Program
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VANCOUVER, B.C. CANADA V7X 1J1
TELEPHONE: 604-609-6110
FAX: 604-609-6145
WWW.KLONDIKEGOLDCORP.COM
Klondike Gold Commences 2017 Drill Program
June 6, 2017 TSX Venture Exchange Symbol – KG
Vancouver, British Columbia, Canada, June 6, 2017, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike
Gold” or the “Company”) today commences diamond drilling and geophysical surveying as part of a
$2,000,000 exploration program within the Company’s Klondike district property, Yukon Territory.
The Company exploration plan for 2017 includes 50 to 60 diamond drill holes as well as targeted
geophysical surveying, soil sampling, mapping and prospecting. The program will build on geologic
insights from the two previous seasons that demonstrate a local orogenic source for the extensive historic
placer gold deposits of the Klondike district.
Work will focus on advancing the four kilometer long Lone Star exploration target, the first significant
sizeable gold-bearing bulk-tonnage type target area outlined within the district. More broadly across the
district, the working geologic model is generating other quality targets that are taking shape throughout
the Company’s expanded claim holdings (see NR August 8, 2016).
Summary:
Phase 1 diamond drilling commences today. 16 to 20 drill holes are planned in Phase 1. A total of
50 to 60 holes are anticipated in three to four drilling phases through the season.
3D induced polarization (“3D IP”) surveying commences today. Approximately 40 line kilometers
of survey is planned.
Soil sampling has commenced. 2,057 samples have been submitted for analysis; up to an
additional 5,000 are planned for collection.
District-wide mapping and prospecting have commenced.
Phase 1 diamond drilling commenced today at the Lone Star exploration target with approximately 16 to
20 holes planned to be completed in the next three weeks. Objectives of this Phase 1 program include
step-out tests to the west and down-dip from LS16-58 which intersected 2.4 g/t Au over 37.1 meters (see
NR November 1, 2016), step-out tests to the east on 50 meter centers to extend the strike length in that
direction, and various tests of new gold targets interpreted to be on parallel, linked structures also with
gold mineralization. The working model interprets the Lone Star area as having multiple zones of parallel,
linked mineralization similar to the pattern found collectively at Goldcorp’s gold-bearing Coffee-Latte-
Mocha-Latte-Kona-etc linked zones.
3D induced polarization geophysical surveying also commenced today at the Lone Star target. An
extensive ‘state-of-the-art’ high resolution 3D imaging of electrical resistivity and induced polarization
survey is expected to map the geology and continuity of the Lone Star target to the west, east and to
depth. The survey is expected to cover 40 line kilometers and be complete in 30 days. Preliminary results
from this survey will be used to target Phase 2 drilling.
Soil sampling has commenced as part of a systematic district-scale survey. A total of 2,057 samples have
been submitted for analysis. Up to an additional 5,000 soil samples are planned for collection over the
next two months.
Mapping and prospecting each have commenced. The mapping survey will be the first ever undertaken to
span the entire Klondike district in one systematic, methodical and comprehensive survey and will include
the eastern end of the belt which has effectively been ‘unmapped’. Mapping is expected to generate a
uniform property map of geological units, structures, and mineralization in detail sufficient to guide future
targeted exploration. Prospecting will accompany mapping and, in conjunction with soil results received,
is expected to generate new targets for future work. At least one new target is expected to be selected
for diamond drill testing later this season.
The technical and scientific information contained within this news release has been reviewed and
approved by Peter Tallman, P.Geo, President 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 its Yukon gold
projects, accessible by government maintained roads located on the outskirts of Dawson City, YT, covering
a district-scale 527 square kilometers of hard rock and 20 square kilometers of placer claims including
“McKinnon Creek” featured on the Discovery Channel show “Gold Rush”.
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 fa ctors 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 securities 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.