Welcome!

News Feed Item

Klondike Gold Corp.: Lone Star 2012 Exploration Summary

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/30/13 -- Klondike Gold Corp. (TSX VENTURE:KG) (the "Company") is pleased to summarize final results for 2012 exploration of its Lone Star Property, Yukon.

Exploration Highlights


--  Boulder Lode open cut results of 1.86 g/t over 5 by 25 meters, including
    9.43 g/t over 2.5 by 4.2 meters of the excavation and significant
    advances in understanding of the structural and lithologic control on
    two types of gold mineralization 
    
--  Nugget Zone mapping, extension and grab samples of 179 g/t Au with 78
    g/t Ag and recognition of a possible trend to the Buckland Zone 
    
--  Upper Eldorado grab samples of up to 98.8 g/t Au with 20.7 g/t Ag 
    
--  Violet Ridge trend advancement with high sample of 47.4 g/t Au and 894
    g/t Ag and recognition of possible 4 km strike length 
    
--  Boy Zone 400 m by 900 m soil anomaly and recognition of further under
    explored areas of the property 

The exploration on the Lone Star Property during 2012 used a systematic approach to evaluate the potential of known targets and to explore for new gold mineralization. The winter 2012 data review brought together over 30 years of data into a usable format and drove 2012 exploration priorities.

There are four high priority targets on the Lone Star Property:


1.  The Boulder Lode on top of Lone Star Ridge 
    
2.  The Nugget to Buckland trend midway up Lone Star Ridge with possible
    extent of greater than 1.1 km and significant past high grade results 
    
3.  The Violet Ridge trend with possible extent of 3.6 km from the historic
    Violet mine to the 310 Zone 
    
4.  The underexplored areas of the property which have significant extensive
    ongoing placer production 

New understanding of the mineralization at the Boulder Lode has been facilitated by the excavation and sampling of a 100 year old open cut in June 2012 and by structural and lithological mapping by academic consultants Dr. Doug Mackenzie, Dr. Jim Mortensen, and Dr. Timothy Liverton. This understanding of the Boulder Lode gives evidence for two complementary types of significant gold mineralization:


1.  Shallow dipping stacked quartz vein system visible in the 2012 Boulder
    Lode excavation with local thickness of 8 plus metres. Channel sampling
    shows results of 1.86 g/t (147 sample average) over a 5 by 25 m portion
    of the stacked vein system, including 9.43 g/t over a 2.5 by 4.2 meters.
    Individual samples show a high of 43.1 g/t Au in the quartz veins and
    4.1 g/t in the interstitial schist host rock. This mineralization dips
    to the northeast into an area with very limited historical drilling and
    coincides with an area of favorable host lithology postulated by Dr. Jim
    Mortensen. Further investigation by drilling into the down dip extension
    of this mineralized unit is recommended. 
    
2.  Contouring and lithological mapping used previous drilling and trench
    data to generate an exploration model that shows gold enrichment in a
    subunit of the Klondike schist on the anticlines (structural high
    points) of undulating D3 and D4 folding on a 100 to 200 meter scale.
    Late D4 extensional deformation appears to have preferentially
    mineralized these anticlines. This has implications for new target areas
    to the east and north of the Boulder Lode. 

Geotechnical drilling in the Pioneer Zone southeast of the Boulder Lode was conducted in April and May to increase geological understanding of the relationship of the Boulder Lode to the Pioneer as well as to test induced polarization geophysical anomalies to the north of the Pioneer Zone. The program provided insights for future exploration; a stronger IP anomaly north of 12DDH003 is a possible target when taken in context of new lithological and structural understanding of the Boulder Lode. The stronger of the two anomalies was not drilled due to access issues during the early spring thaw.

Boulder Lode results of panel sampling, drilling results, and further explanation of structure contouring is available in Press Release September 5, 2012 "Klondike Gold Advances Lone Star Property".

The Nugget to Buckland trend was investigated in 2012 through mapping and rock sampling. This investigation by the Company's technical team has found that the trend of the upper Nugget Zone can be extended on surface. Select samples were collected including a grab sample of 179 g/t Au with 78 g/t Ag (30 g fire assay with Gravimetric over limit). Results support future drilling to test the Nugget Zone at depth and along strike towards the Buckland Zone quartz veins. Active placer mining in Oro Grande Gulch suggests a source for gold in the area where the Buckland and Nugget Zones are assumed to intersect. Nugget and Buckland Zones have significant high grade results from work by previous operators and the Company views the possibility of high grade quartz veins over this 1000 m strike length as being very positive. It is noted that the Upper Eldorado gold occurrence with assays up to 98.8 g/t Au and several impressive specimens of visible gold may have some relation to this trend; however more work is recommended to confirm this. Further discussion and significant past results are available and in Press Release November 14, 2012 "Klondike Gold Samples 179 g/t Gold with 78 g/t Silver and 98.8 g/t Gold with 20.7 g/t Silver on the Lone Star Property, Yukon Territory".

The Violet Ridge trend from the historic Violet mine to the 310 Zone was explored by mapping, rock sampling, and soil sampling in 2012. The results of this work in addition to further research on historical results have better defined the Violet Ridge trend mineralization. The mineralization appears to be in at least two parallel trends, both showing sharp soil anomalies of 20 to 100 ppb Au with rock sample results of up to 47.4 g/t Au and 894 g/t Ag at the Violet mine ore pile. The veins have vertical extent of approximately 400 m in the area of the 310 Zone on the ridge down to the base of Nugget Gulch where the vein was observed to be steeply dipping to the northeast. The four plus kilometer extent and vertical extent of the Violet Ridge trend with the possibility of high grades make this an attractive target for the Company.

Previous Press Release relating to the Violet Ridge trend include September 20, 2012: "Klondike Gold Samples 47.4 g/t Gold and 894 g/t Silver along the Violet Vein Trend" and November 14, 2012: "Klondike Gold Samples 179 g/t Gold with 78 g/t Silver and 98.8 g/t Gold with 20.7 g/t Silver on the Lone Star Property, Yukon Territory".

The technical team has recognised that portions of the 137.6 km2 Lone Star Property remain under explored. The newly discovered Boy Zone, a 400 m by 900 m soil anomaly, illustrates the possibility of finding new zones on the Lone Star Property. Further promising early stage exploration target areas include:


1.  The southeast portion of the property in the area of Little Blanche and
    Quartz Creek where there is significant and ongoing placer gold
    production. 
    
2.  Northwest of French Gulch to Adams Creek area along strike with the
    Violet Ridge trend where there has been little recent work and placer
    production that was some of the richest in the Klondike Gold Fields and
    continues to present. 

Senior management, expert scientific consultants, and the technical team are currently developing an efficient and effective plan to test Lone Star priority targets in the 2013 season. Resident Geologist Iain Mitchell commented, "It is rare and exciting to have a property with so many high priority gold targets and I look forward to getting my boots back on the ground in 2013."

T. Liverton, PhD., C. Geol, F.G.S. is the qualified person for the purposes of this news release.

About Klondike Gold Corp.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia and Dawson City, Yukon. The Company is focused on the development of its Yukon and British Columbia gold properties. In addition the Company holds a large portfolio of base metal projects in southeastern British Columbia.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera M...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...