Klondike extends gold at east Stander edge

Klondike Gold Corp. Jan. 15 announced results from the 2023 drilling at Stander on the company's Klondike Gold District property, noting that high-grade gold has been discovered there, which extends mineralization to the east.

"The discovery of gold associated with historically unrecognized shear veins, distinguishable from sheeted extension veins, validates our view of the potential for the Klondike to host multiple and substantial gold deposits," said Klondike Gold President and CEO Peter Tallman.

Located roughly 20 kilometers (12 miles) southeast of Dawson City, the Klondike District Gold Project comprises 3,913 quartz claims in one contiguous land package covering 727 square kilometers (452 miles) of the famed Yukon gold district.

Advancing the project for over a decade, Klondike's land package includes the Eldorado property and the Klondike Gold claims. Found within the northernmost Eldorado are the Lone Star and Stander zones, which together host 21.59 million metric tons of indicated resource averaging 0.68 grams per metric ton (468,901 ounces) gold and 6.46 million tons of inferred resource averaging 0.54 g/t (111,959 oz) gold.

A total of 2,340 meters of diamond drilling in 25 holes was completed at various targets in 2023, which included the Gold Run and Gay Gulch prospects, eastern Stander Zone mineral resource area, as well as other selected targets.

Reporting the results from Gay Gulch early December, Klondike was eager to announce the analytical results of one of its primary resource targets.

"As we've discussed in previous news releases, new insights from ongoing comprehensive academic research and collaborative work with orogenic gold experts' continues to be transformative for our exploration and development efforts within the Klondike district," added Tallman.

Prospecting at Stander identified subcrop quartz veining containing visual gold within the upper end of a 110-meter-long historic trench dug in the 1990s.

Six prospecting samples of subcrop quartz veining were excavated with three containing visual gold; four samples assayed between seven g/t gold and 11.6 g/t gold (which included two with VG); two samples returned 44.1 g/t gold and 74.6 g/t gold (with one containing VG); while all contained appreciable silver and tellurium.

Diamond drilling tested along strike beyond the east end of the known Stander resource area.

Highlights from the Stander drilling include:

• 36.56 meters averaging 1.65 g/t gold from a depth of 21.05 meters in hole DDH EC23-508. This hole also returned a smaller subsection of Bonanza-grade gold, which cut 0.55 meters averaging 90.55 g/t gold.

• 3.15 meters averaging 0.17 g/t gold from 10.35 meters in DDH EC23-509.

• 45 meters averaging 0.89 g/t gold from 71.5 meters in DDH EC23-510.

• 20.9 meters averaging 1.12 g/t gold from 29.4 meters in DDH EC23-511.

• 5.18 meters averaging 0.24 g/t gold from 21.52 meters in DDH EC23-512.

• 3.7 meters averaging 1.29 g/t gold from 19.3 meters in DDH EC23-513.

• 2.1 meters averaging 8.68 g/t gold from 98.65 meters in DDH EC23-514.

Klondike adds that until now, historical and the company's previous drilling had intersected "sheeted extensional veins" containing gold developed over long intervals but had not identified the controlling fault structure.

However, seven drill holes tested two fault splays controlling mineralization with the objective of extending Stander to the east. 508 and 509 tested the southern fault, while 510 and 514 tested the northern fault.

Finally, the company says that gold intersections on all these structures remain open and will be priority targets for 2024 follow-up.

"Moving forward our team has identified many new targets to test in 2024 in conjunction with developing/expanding resources within our existing, open-ended deposits including targets adjacent to the discoveries described in this news release," finished the Klondike CEO.