Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTCQB: KDKGF) ('Klondike Gold' or the 'Company') is pleased to report gold assay results from eleven diamond drill holes at the Gay Gulch Showing on the Klondike District Property (the 'Property') located in the Dawson mining district, Yukon, Canada.
Highlights from Gay Gulch Showing drilling include: Gold mineralization has been intersected by drilling over a 300-meter lateral distance. The mineralized zone is interpreted to begin at surface with a shallow southeast-directed plunge and remains open.
43 g/t Au over 32.7 meters in EC22-467 from 65.1 meters to 97.8 meters at 210o azimuth.
42 g/t Au over 34.5 meters in EC22-468 from 38.0 meters to 72.5 meters at 290o azimuth.
60 g/t Au over 27.85 meters in EC22-477 from 23.0 meters to 50.85 meters at 290o azimuth.
Drilling intersected extensive silicification in graphite schist adjacent the schist-graphite fault associated with a modelled anticlinal fold hinge.
The recently reported high grade quartz vein sampled in outcrop came from the schist-graphite fault contact exposed at surface which assayed 4,064 g/t Au with 1,149 g/t Ag (refer to news release of February 21, 2023).
Peter Tallman, Klondike Gold's President & CEO, states 'Congratulations to the Company's geology team jointly with Kluane Drilling personnel who outlined what has become a significant drill discovery at the Gay Gulch Showing. This 'quick' drill program, completed during a 'short' break from nearby Stander Zone drilling, succeeded in tracing the geometry of a gold mineralized fault and determined a plunge axis 'on the fly' for 300 meters length which outlines the geometry of the Gay Gulch Showing for the first time. The Company can proceed in 2023 to drill test towards establishing a third mineral resource area on the Property.'
ABOUT KLONDIKE GOLD CORP.
Klondike Gold is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. Multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company has identified an Initial Mineral Resource of 469,000 Indicated and 112,000 Inferred gold ounces1, a milestone first for the Klondike District. The Company is focused on exploration and development of its 727 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, Yukon, within the Tr'ondek Hwech'in First Nation traditional territory.
Contact:
Tel: (604) 609-6138
Email: info@klondikegoldcorp.com
Web: www.klondikegoldcorp.com
Certain statements contained in this news release constitute 'forward-looking statements'. When used in this document, the words 'anticipated', 'expect', 'estimated', 'forecast', 'planned', and similar expressions are intended to identify forward-looking statements or information. These statements are based on current expectations of management, however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. Klondike Gold does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.
KLONDIKE GOLD CORP. 
