Klondike Gold Samples up to 60.7 g/t Au (1.95 opt Au) at Dominion Target
October 31, 2023
Vancouver, BC
Klondike Gold Samples up to 60.7 g/t Au (1.95 opt Au) at Dominion Target
Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTCQB: KDKGF) (“Klondike Gold” or the
“Company”) is pleased to report 2023 rock sampling and mapping results from the Dominion
target on the Company’s 100% owned Klondike District Property (the “Property”) in the
Dawson mining district, Yukon, Canada.
Highlights:
• Dominion target rock grab samples assay gold up to 60.7 g/t Au (1.95 opt Au) and silver
up to 1,080 g/t Ag (34.7 opt Ag) with anomalous tellurium (10.2 g/t Te).
• Three major parallel shear zones/thrusts were mapped with each traceable over a 2 km
length. These structures control emplacement of gold mineraliza�on.
Peter Tallman, Klondike Gold’s President & CEO, states; “Our team has made new gold discoveries
in outcrop following implementation of several upgrades to our exploration models including re-
characterization of lithologic unit s and new structural ideas. It is exciting and energizing to use
exploration concepts that work globally in productive orogenic gold belts to re -evaluate drill
targets in the Klondike with new prospecting and mapping views and find visible gold in each of
them. These targets are distributed over the 50 km strike length of the Property which provides a
scale of the gold district that Klondike Gold owns and is systematically exploring.”
Detailed mapping and rock sampling was conducted at the Dominion gold target over a 3.5 km
by 1.5 km area located 20 km southeast of mineral resources estimated at the Lone Star and
Stander Zones1 within the central-east portion of the Property.
Assay results for eighty-one rock samples of quartz veins and local host rocks have been received.
Approximately half of these samples were of outcrop or subcrop quartz veins visually containing
coarse pyrite, a telluride mineral, and locally with galena and native sulphur.
Seven ‘highlight’ outcrop samples within the Dominion target area assayed gold between 15.1
g/t Au (0.48 opt Au) and 60.7 g/t Au (1.95 opt Au), silver between 10 g/t Ag to 684 g/t Ag, and
tellurium between 2.5 g/t Te to 10.2 g/t Te. A total of forty-eight samples contained anomalous
gold above 0.1 g/t Au, anomalous silver from 2 g/t Ag to a high of 1,080 g/t Ag, and anomalous
tellurium above 0.2 g/t Te. Samples described herein are selective in nature, non-representative
rock grab samples of locally derived subcrop or in-situ bedrock collected to test for the presence
or absence of gold and other ‘economic’ minerals.
Mapping identified three parallel major shear zones / thrusts characterized by the presence of
entrained graphite and ultramafic rocks each traceable in surface outcrops for 2 km. These shear
zones are interpreted to control distribution of localized gold -bearing shear veins and related
extensional sheeted veins along the 2 km of their strike length examined by mapping. Structural
controls to gold mineralization have not previously been characterized at the Dominion target or
elsewhere in the Klondike District.
Figure 1: Location map of 2023 mapping areas within the Property.
This systematic mapping / sampling survey is part of a broader 2023 effort to assess structural
controls in gold target areas to distinguish areas of gold mineralization with tonnage potential
from smaller localized showings. Rock sampling with mapping results from Gold Run, Stander
East, and other targets mapped during this effort are pending. The Company in 2023 completed
25 diamond drill holes testing targets including the Gold Run target, Stander Zone mineral
resource area 1, and Gay Gulch Showing among other targets. Assays for the 2023 drill hole
program are pending.
KLONDIKE GOLD 2023 QA/QC rock sample protocols are found on our website:
https://www.klondikegoldcorp.com/projects/sampling-and-assay-protocols/
QUALIFIED PERSON
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. Detailed 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:
• One-on-one investor meetings (Houston, Texas) – November 15 - 16, 2023
• Florida Capital Event Conference (Miami, Florida) – November 17 - 19, 2023
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.
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.sedar.com 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
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 stat ements 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 information,
future events or otherwise after the date hereof, except as required by securities laws.