Klondike Gold Samples Up to 42 g/t Au (1.36 opt Au) at Stander Zone
June 18, 2024
Vancouver, BC
Klondike Gold Samples Up to 42 g/t Au
(1.36 opt Au) at Stander Zone
Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTCQB: KDKGF) (“Klondike Gold” or the
“Company”) is pleased to report prospecting rock sample results from the Stander Zone targeting
of orogenic gold ( Au) mineralization at the Company’s 100% owned Klondike District Property
(the “Property”) in the Dawson mining district, Yukon, Canada.
Peter Tallman, Klondike Gold’s President & CEO states, “Persistent scientific and exploration
efforts reevaluating the Klondike District are steadily being rewarded. An overlooked and
potentially world -class orogenic gold belt is emerging as demonstrated b y recent academic
research results, by the Company’s 2023 multiple discoveries of high grade orogenic gold veins
at surface and in drill core, and by this news release confirming continuity of the Stander Zone to
surface with >1 opt Au gold grade samples as demonstrated by prospecting . This has focussed
the Company’s multi-phase 2024 drill program on areas along Eldorado Creek as the best target
for discovery of significant volumes of orogenic gold mineralization and near-term expansion of
our existing Stander Zone mineral resource1”.
Field work began in early May 2024 with the objective to locate outcrop ping high-grade gold-
bearing quartz veining on the Eldorado Creek slope projected to surface from four 2023 high
grade gold-bearing drill intersections at the Stander Zone including 90.55 g/t Au (2.91 oz/t Au)
over 0.55 meters among others (see news release of January 15, 2024).
Prospecting and hand trenching yielded quartz veining with visible gold in three areas spanning
150 meters distance along the surface projection of Stander Zone mineralization. Eleven
prospecting samples were collected in total. The three best samples assayed 41.2 g/t Au (1.36
opt Au), 30.3 g/t Au (1.17 opt Au), and 24.9 g/t Au (0.77 opt Au) along strike from southeast to
northwest respectively from each of the three areas. V isible gold was identified at each area. In
total, five of eleven prospecting samples contain visible gold and all samples assayed gold
between 0.24 g/t Au to 41.2 g/t Au. The lowest assay of 0.24 g/t Au was from a quartz rock sample
with a visible gold grain; the gold grain presumably did not make it into the assay sub-sample.
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These prospecting results are significant for potentially demonstrating continuity of high- grade
(~1 opt Au) gold mineralization from 2023 discovery drill intercepts upward to surface exposures.
The Company’s recently concluded 2,750 meter Phase 1 drill program tested the Stander Zone in
this area, as well as testing along-strike for similar mineralization.
Phase 2 drilling of ~ 2,500 meters has commenced. This phase tests the potential for high grade
near surface and southeasterly striking gold veining at Stander Zone and also include test s for
additional mineralization at the nearby Gay Gulch gold showing area.
The Company has contracted MSALABS to provide gold analyses by ‘PhotonAssay’ for 2024. All
Phase 1 drill core samples have been submitted for analysis. Drill assay results are pending and
anticipated to be available in the coming weeks , a significant positive change in timing from
previous years.
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 jurisdictions
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 development 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 entitled “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 t o 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 informat ion,
future events or otherwise after the date hereof, except as required by securities laws.