Klondike Gold Completes 2,750m Drilling at Stander Zone
June 11, 2024
Vancouver, BC
Klondike Gold Completes 2,750m Drilling
at Stander Zone
Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTCQB: KDKGF) (“Klondike Gold” or the
“Company”) is pleased to announce that it has completed the first phase of 2024 exploration
drilling, completed initial prospecting, and received new detailed prospectivity interpretation of
airborne magnetic data to aid ongoing targeting of orogenic gold ( Au) occurrences at the
Company’s 100% owned Klondike District Property (the “Property”) in the Dawson mining
district, Yukon, Canada.
Highlights
• First phase of drilling completed 19 holes totalling 2,750 meters targeting Stander Zone
gold mineralization with the objective of expanding gold mineralization adjacent the
current Stander Zone mineral resource sub -area1. Phase one drilling follows up the
discovery of high grade (0.97 opt Au to 2.91 opt Au) gold veining in each of four 2023 drill
holes over 400 meters strike length and 200 meters dip length (see news release of
January 15, 2024). Assays pending.
• Second phase of drilling of approximately 2,500 meters is expected to begin this week to
test the additional resource potential of high grade gold vein ing at Stander Zone and to
test for potential extensions.
• Prospecting targeted the newly interpreted outcrop line on the Eldorado Creek slope of
Stander Zone mineralization and successfully located and sampled areas of quartz
veining. Prospecting continues in specific target areas. Assays pending.
• The Company received structural lineament and mineral potential maps interpreted from
new reprocessing of magnetic datasets of the Property by RDC Consulting provided under
a Klondike Gold / CASERM (Centre for Advanced Subsurface Earth Resource Models)
research contract. Lineament analysis informs a regional structural recharacterization of
the Klondike District Property developed by the Company to target the world class gold
endowment present in the Klondike District. Detailed surface structural and lineament
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mapping in combination with systematic oriented drill core measurement s is directly
contributing to drill targeting of high-grade orogenic gold veins at the Stander Zone.
Peter Tallman, Klondike Gold’s President & CEO states , “The first sixty days of 2024 field work
including a full Phase 1 drill shift are complete. The geology team has made key observations that
may lead to additional discoveries targeting high grade gold orogenic veining. A very large
Klondike Gold team “Thank You” goes to the exceptional Kluane Drilling crew who achieved a
record for core drilled in a shift and also a record for average core drilled per each shift for the
month in May.”
QUALITY ASSURANCE/QUALITY CONTROL
The technical and scientific information contained within this news release has been reviewed
and approved by Peter Tallman, P.Geo., President and CEO of Klondike Gold and Qualified
Person as defined by NI 43-101 policy. Exploration related technical information, specifications,
analytical information and procedures can be found on the Company’s website.
UPCOMING EVENTS
Klondike Gold will be participating in the following upcoming events:
• June 23 – 26: Invest Yukon Investment Conference/Property Tour (Dawson, YT)
• July 19 – 21: CEM TSX Venture Growth Conference (Kelowna, BC)
• August 12 – 16: Klondike Investment Conference/Property Tour (Dawson, YT)
• November 22 – 24: CEM Florida Capital Event (Miami, FL)
ABOUT KLONDIKE GOLD CORP.
Klondike Gold is a Vancouver based gold exploration company advancing its 100% -owned
Klondike District Gold Project located at Dawson City, Yukon, one of the top mining juri sdictions
in the world. The Klondike District Gold Project targets gold associated with district scale orogenic
faults along the 55 -km length of the famous Klondike Goldfields placer district. Multi-km gold
mineralization has been identified at both the Lone Star Zone and Stander Zone, among other
targets. The Company has identified a Mineral Resource Estimate of 469,000 Indicated and
112,000 Inferred gold ounces1, a milestone first for the Klondike District. The Company is focused
on exploration and deve lopment of its 727 square km property accessible by scheduled airline
and government-maintained roads located on the outskirts of Dawson City, Yukon, within the
Tr’ondëk Hwëch’in First Nation traditional territory.
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1 The Mineral Resource Estimate for the Klondike District Property was prepared by Marc Jutras,
P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance
with the requirements of NI 43 -101. The technical report supporting the Mineral Resource
Estimate enti tled “NI 43 -101 Technical Report on the Klondike District Gold Project, Yukon
Territory, Canada” has been filed on SEDAR+ at www.sedarplus.ca effective November 10, 2022.
Refer to news release of December 16, 2022.
ON BEHALF OF KLONDIKE GOLD CORP.
“Peter Tallman”
Peter Tallman,
President and CEO
FOR FURTHER INFORMATION:
Telephone: (604) 609-6138
E-mail: [email protected]
Website: www.klondikegoldcorp.com
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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.
Certain statements contained in this news release constitute “forward -looking statements”.
When used in this document, the words “anticipated”, “expect”, “estimated”, “forecast”,
“planned”, and similar expressions are intended to identify forward- looking statements or
information. These statements are based on current expectations of management, however, they
are subject to known and unknown risks, uncertainties and other factors that may cause actual
results to differ materially from the forward-looking statements in this news release. Readers are
cautioned not to place undue reliance on these statements. Klondike Gold does not undertake any
obligation to revise or update any forward- looking statements as a result of new informatio n,
future events or otherwise after the date hereof, except as required by securities laws.