Drills cut gold in extension targets of the Stander Zone of historic Yukon gold district project.

Klondike Gold Corp. Oct. 22 announced the completion of its 2024 drill program at the Stander Zone within its Klondike District property in Yukon, uncovering promising extensions of gold mineralization that suggest potential for resource expansion.

Exploration at the Klondike Gold property began in late April, starting with 2,500 meters of drilling aimed at expanding last year's high-grade discoveries. Encouraged by early results, the program was expanded to over 5,000 meters, focusing on extending known mineralization and testing new targets.

Fieldwork during the 2024 season was widespread throughout its 727-square-kilometer (280 square miles) property. While most of the work was concentrated on its more advanced Stander target, this year's exploration led to the discovery of three significant gold showings – Archy, Wasp, and DJ – with Archy and Wasp receiving some additional work in the expanded program.

Despite the broader discoveries, Stander remained central to Klondike's efforts, with drilling targeting both lateral and depth extensions of high-grade mineralization, building on the strong results from previous programs.

The expanded drilling at Stander comprised 26 holes totaling 4,160 meters. This effort specifically aimed at extending mineralization beyond the boundaries of the 2022 resource estimate, focusing on both lateral and depth expansions to build on the established resource base.

According to this calculation, the Lone Star and Stander deposits 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.

Earlier in the season, during the first phase of drilling, Klondike completed a 19-hole (2,750-meter) program at Stander, targeting extensions of gold mineralization near the existing resource. Prospecting during this phase yielded bonanza-grade surface results, with samples returning up to 41.2 g/t gold, indicating continuity of high-grade mineralization from depth to surface.

The latest results come from eight holes drilled during the first phase that aimed at testing extensions both down dip and along strike of the current resource boundary and revealed several high-grade intercepts. Highlights include:

Klondike Gold Corp.

2024 Stander Zone program drill hole location map with 2022 MRE pit outline for reference.

• Two meters averaging 0.83 g/t gold from a depth of 19.5 meters, and 3.5 meters averaging 1.06 g/t gold from 45.5 meters in hole EC24-521.

• 1.6 meters averaging 3.66 g/t gold from 17.4 meters, and eight meters averaging 0.42 g/t gold from 63 meters in EC24-522.

• One meter averaging 39.52 g/t gold from 102.5 meters in EC24-523.

• 6.7 meters averaging 1.46 g/t gold from 7.5 meters in EC24-524.

• 4.9 meters averaging 0.6 g/t gold from 16.6 meters, and 9.9 meters averaging 0.42 g/t gold from 49.1 meters in EC24-525.

• One meter averaging 1.02 g/t gold from 39 meters, and one meter averaging 0.46 g/t gold from 155.5 meters in EC24-536.

• One meter averaging 25.81 g/t gold from 94.5 meters, and seven meters averaging 1.34 g/t gold from 121.5 meters in EC24-537.

• 11 meters averaging 0.73 g/t gold from four meters, and one meter averaging 1.94 g/t gold from 80 meters in EC24-542.

"We are excited to share the initial drill results from our 2024 program in the Stander Zone which demonstrates the potential to expand the existing gold resource," said Klondike Gold President and CEO Peter Tallman. "The Stander Zone mineral resource estimate, published in 2022, was based on drilling between 2017 to 2021. Since then, we've learned a lot about the nature, orientation and extent of the Klondike District's orogenic gold system."

The 2024 drill results at Stander have provided important data on the continuity of mineralization at depth and along strike, supporting the potential for further resource definition.

"These findings and continuing drill successes reinforce our confidence in the area and highlight our commitment to unlock the evident potential value for our shareholders," said Tallman.

Assays from 18 holes drilled at Stander, along with additional results from the second phase at other targets, are still pending.