Klondike Gold Drilling and Exploration Update
3123 – 595 BURRARD STREET
VANCOUVER, B.C. CANADA V7X 1J1
TELEPHONE: 604-609-6110
FAX: 604-609-6145
WWW.KLONDIKEGOLDCORP.COM
Klondike Gold Drilling and Exploration Update
June 20, 2017 TSX Venture Exchange Symbol – KG
Vancouver, British Columbia, Canada, June 20, 2017, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP)
(“Klondike Gold” or the “Company”) provides an interim update on diamond drilling, geophysical
surveying, and soils surveying and includes an important new geological interpretation of its
mineralized zone at Lone Star within the Company’s Klondike district property, Yukon Territory.
Summary:
• Visible gold is identified in each of the first four drill holes at the Lone Star target that have
been logged in detail. Thirteen diamond drill holes have intersected the prospective target
horizon adjacent to the newly recognized “Bonanza Fault”. Drilling is ongoing, averaging
one complete hole per day.
• The newly recognized Bonanza Fault is interpreted to be a significant locus for orogenic
gold mineralization. Drilling has now intersected the Bonanza Fault over a 750 meter
strike length. Recent mapping and geophysical surveys indicate a 7,500 meter potential
strike length.
• 3D induced polarization (“3D IP”) surveying is underway. Approximately 15 line kilometers
have been surveyed out of 40 line kilometers in total.
• Soil sampling has commenced. 2,057 samples have been submitted for analysis; up to an
additional 5,000 are planned for collection.
Visible gold is identified in each of the first four 2017 drill holes at the Lone Star target that have
been logged in detail. A total of thirteen holes drilled so far have intersected the prospective
target horizon adjacent to the newly recognized “Bonanza Fault”.
At the Lone Star target gold occurs within a recently defined “laminated schist” field unit that is
the prospective gold mineralized target horizon. This unit is associated with a major second-
order “D4” high-angle fault termed the “Bonanza Fault” which is variably silicified, carbonate
altered, and mineralized with pyrite. Recent mapping and geophysical surveys indicate a 7,500
meter potential strike length. The newly recognized Bonanza Fault is interpreted to be a
significant locus for orogenic gold mineralization.
The working model interprets the Lone Star area as having potential for multiple structural zones
of parallel, linked mineralization and builds on drilling results achieved in late 2016 where broad
intercepts of disseminated gold mineralization along the Bonanza Fault of up to 2.4 g/t Au over
37.0 meters in “laminated schist” were intersected across “a strike length of 700 meters … open
in all directions” (see NR’s November 1, 2016 and January 19, 2017).
The start of the ongoing 2017 Phase 1 drill program has targeted at-surface gold mineralization
along the 700 meter mineralized strike length identified in 2016 with thirteen 50 meter-spaced
step-out and infill holes so far. The first four holes of 2017 contain visible gold, and these holes
are step-outs from last year’s intersection of 2.4 g/t Au over 37.0 meters in LS16-58. A plan map
of 2017 drill locations is available on our website HERE.
Drilling is ongoing. Approximately 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, with Phase 2 drilling planned
to begin in mid-July.
3D induced polarization (“3D IP”) surveying is in progress. A total of approximately 15 line
kilometers have been surveyed thus far. Approximately 40 line kilometers of survey is planned.
Preliminary results from this survey will be used to target Phase 2 drilling. A total of 2,057 soil
samples have been submitted for analysis. These soil samples were collected from
predominantly “ridge and spur” reconnaissance directed at discovering anomalous new areas for
follow up. Additional reconnaissance and detailed soil surveying is planned.
Work is focussing on advancing the multi-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).
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 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 limit ed 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.