Klondike beginning to understand Gold Run

Klondike Gold Corp. Nov. 8 announced the results from the mapping, rock sampling and diamond drilling at the Gold Run target on the Klondike District property in Yukon, Canada, expanding the company's understanding of this early exploration-staged prospect.

Located roughly 20 kilometers (12.5 miles) southeast of Dawson City, the Klondike District Gold Project covers 727 square kilometers (280 square miles) of the famed Yukon gold district.

According to a 2022 calculation, two of its more advanced deposits – Lone Star and Stander – host 21.59 million metric tons of indicated resource averaging 0.68 grams per metric ton (468,901 ounces) gold and 6.46 million metric tons of inferred resource averaging 0.54 g/t (111,959 oz) gold.

Utilizing a recently restructured geological model, thanks to support from independent academic research findings and field visits from gold experts, as well as its own studies, Klondike determined several prospective areas to better focus for its 2023 season.

From the mapping and surveying, multiple areas of orogenic quartz-carbonate gold vein showings received more focused structural mapping and detailed rock sampling.

In total, 245 rock prospecting grab samples were collected from the Dominion, Gold Run, Gay Gulch, and Violet prospect areas, as well as the eastern Stander Zone mineral resource area. Additionally, the company says visible gold was noted in rock samples from all these locations.

Much like its Dominion target reported Oct. 31, Gold Run revealed a bonanza-grade sample of up to 74.6 grams per metric ton gold, revealing the possible hidden potential of the Gold Run target. Of the 10 samples, aside from the veritable nugget, six of the others were reported as containing visible gold.

Mapping efforts indicate a major bounding thrust fault lies 1,000 meters west of the Gold Run showing areas, and a second subordinate thrust fault lies 1,000 meters east. These structures control the emplacement of sheeted veins containing gold mineralization.

Klondike says this mapping suggests the Gold Run target area is not part of the Klondike Schist and possibly belongs to a different assemblage.

Five diamond drill holes over a 500-meter strike length intersected gold-bearing sheeted veins with extensive carbonate alteration halos. The company adds that the gold grades of individual sheeted veins were low, with no visible gold noted, and that the overall frequency of veining intersected was also low.

Ranging between half a meter to one interval of 13.31 meters, gold grades had a wide array of significant gold mineralization, despite the low frequency of veining.

Further, the geochemistry of the veins was also different from those intersected at the company's targets elsewhere within the district.

Highlights include:

• 0.5 meters averaging 1.21 g/t gold from a depth of 43.9 meters in hole GR23-494.

• 0.6 meters averaging 5.06 g/t gold from 75.8 meters in GR23-495.

• 1.1 meters averaging 0.36 g/t gold from 17.1 meters in GR23-496; and one meter averaging 1.99 g/t gold from 46.9 meters.

• One meter averaging 0.57 g/t gold from 25 meters in GR23-497; and 0.5 meters averaging 2.54 g/t gold from 54.8 meters.

• 0.5 meters averaging 2.96 g/t gold from 38.1 meters in GR23-498.

"From the limited amount of exploration we've completed over several years at the remote Gold Run Target, we've learned that its geology, geochemistry and structural controls are quite different from that of the Lone Star/Stander/Gay Gulch areas, where we've begun to build our gold mineral resources," said Klondike Gold President and CEO Peter Tallman. "At this early stage of target evaluation these differences are just beginning to be understood and quantified. Gold Run remains an important target area within our Klondike district project but is at an early exploration stage compared to the development work being done elsewhere."