The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News – April 26, 2024
McKinnon Creek placer gold mine at the southern end of the Klondike District property in 2015.
Klondike Gold Corp. April 19 announced its plans for the 2024 exploration season at the company's Klondike District property in Yukon, Canada, with initial drill targets to focus on recent discoveries.
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.
Klondike's land package includes the Eldorado property and the Klondike Gold claims. Found within 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.
"Following the extremely promising 2023 gold discoveries, the company in 2024 is positioned to deliver significant additional results to our shareholders in a favorable gold price environment," said Klondike Gold President and CEO Peter Tallman. "The company's ongoing funded research, structural work, and evolved exploration model in 2023 led to new multi-ounce grade gold discoveries throughout the property."
Last year, a total of 2,340 meters of diamond drilling in 25 holes was completed at various targets, which included the Gold Run and Gay Gulch prospects, the eastern Stander Zone mineral resource area, as well as other selected targets.
It was core returned from Stander that truly piqued Klondike's interest – 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 0.55-meter bonanza-grade subsection averaging 90.55 g/t gold.
"The transformative drill discovery of high-grade gold shear veining at Stander Zone, potentially a significant source of the famous two-million-ounce Eldorado Creek placer pay streak, will be drill tested first in 2024 among several high potential targets," added Tallman. "The objective of this season is to successfully turn one or several of these new gold discoveries into substantial mineral resources and unlock the Klondike goldfields' world-class mineral wealth potential for our stakeholders."
Klondike Gold's property and exploration targets.
The 2024 drill plan will focus on follow-up to the 2023 discovery of high-grade gold shear veining over 350 meters strike length in four drill holes within a 2,000-meter potential strike length based on subcrop gold quartz samples.
So far, six drill holes at Stander are now interpreted to have intersected the gold shear (including four 2023 intersections now correlated with two from 2021), indicating a 350-meter strike length and 200-meter dip length with mineralized intersections, all grading between 30.3 to 90.6 g/t gold over 0.5- to 1.5-meter width.
Klondike says that fieldwork has already begun, with drilling scheduled to begin in early May. An initial 2,500 meters of diamond drilling is planned to target this new Stander discovery area of visible gold shear veining, with a focus on 500 meters, as outlined by 2023 discovery drilling, to test the resource potential.
Contingent upon initial results, up to an additional 2,500 meters of follow-up diamond drilling is anticipated to test the additional resource potential of this veining.
Aside from drilling, surface mapping, including detailed structural mapping and sampling, is planned to follow up on the possible veining discovered elsewhere along the Klondike Shear Zone throughout the property.
Similarly contingent on the mapping and sampling, additional diamond drilling is anticipated to test further resource potential at the Gay Gulch showing or to test for high-grade mineralization at other showings or new discoveries.
Prospecting and surface sampling is also planned to target anomalous sites identified on the property by bio-leach extractable gold (BLEG) sampling survey with orogenic gold signatures coincident with proximity to turn-of-the-century gold-rush era mine workings identified by the company in 2023 to locate new zones of mineralization.
Klondike Gold plans for an updated mineral resource estimate toward the end of the season, sometime in fall 2024, which will include additional drilling results from 2022 through to this year.
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