HIGHLIGHTS
High-grade gold has been discovered at the
DDH EC23-508 intersected 90.55 g/t gold (2.91 troy oz/t Au) over 0.55 meters shear vein from 21.05 meters within 1.65 g/t Au over 36.65 meters including gold-bearing sheeted extensional veins.
DDH EC23-510 intersected 38.15 g/t gold (1.23 oz/t Au) over 0.50 meters shear vein from 92.70 meters within 5.49 g/t Au over 6.50 meters including gold-bearing sheeted extensional veins.
DDH EC23-511 intersected 39.59 g/t gold (1.27 oz/t Au) over 0.52 meters shear vein from 49.78 meters within 1.12 g/t Au over 20.90 meters including gold-bearing sheeted extensional veins.
DDH EC23-514 intersected 30.30 g/t gold (0.97 oz/t Au) over 0.50 meters from 98.65 meters within wider 8.68 g/t Au over 2.10 meter shear veining interval.
DDH EC23-514 returned 8.68 g/t Au over 2.10 meters interpreted to have intersected the same shear as EC23-510 located 160 meters along strike at the same relative elevation.
Visible gold ('VG') was identified in fault controlled quartz vein zones in four of seven drill holes corresponding with >30 g/t Au assay intersections in each: EC23-508 contained 2 VG between 21.3m to 21.4m, (90.55 g/t Au over 0.55m) EC23-510 contained 4 VG between 89.7m to 95.0m, (38.15 g/t Au over 0.50m) EC23-511 contained 2 VG at 49.9m, also at 62.7m, (39.59 g/t Au over 0.52m)
EC23-514 contained 1 VG at 100.2m, (30.30 g/t Au over 0.50m)
Gold intersections on each of these structures remain open. These are priority targets for 2024 follow up.
STANDER ZONE 2023 WORK PROGRAM RESULTS
PROSPECTING
Prospecting, mapping, and diamond drilling was conducted in fall 2023 adjacent the
Prospecting at the
Diamond drilling with seven NTW-size core holes, EC23-508 to EC23-514, tested along strike beyond the east end of the Stander Mineral Resource Estimate ('MRE')1 area exploring for extensions of fault-controlled gold mineralization. Drill holes were short (58m to 107m length), inclined (-55 degrees, 210 azimuth) totalling 689.5 meters completed.
Visible gold ('VG') was identified in quartz vein zones in four of seven drill holes corresponding with >30 g/t Au assay intersections in each:
EC23-508 contained 2 VG between 21.3m to 21.4m, (90.55 g/t Au over 0.55m)
EC23-510 contained 4 VG between 89.7m to 95.0m, (38.15 g/t Au over 0.50m)
EC23-511 contained 2 VG at 49.9m, also at 62.7m, (39.59 g/t Au over 0.52m)
EC23-514 contained 1 VG at 100.2m, (30.30 g/t Au over 0.50m)
Until now, historic and previous drilling has intersected interpreted 'sheeted extensional veins' containing gold developed over long intervals, without identifying the controlling fault structure.
Seven drill holes tested two fault splays controlling mineralization with objective of extending the
On the southern fault, EC23-508 intersected 90.55 g/t gold (2.91 troy oz/t Au) over 0.55 meters shear vein from 21.05 meters within 1.65 g/t Au over 36.65 meters including gold-bearing sheeted extensional veins. EC23-509 was stopped short at 57m depth intersecting sheeted extensional veins.
On the northern fault, EC23-510, EC23-511, and EC23-514 all intersected high grade gold-bearing quartz shear veining associated with adjacent sheeted extensional veins.
EC23-510 intersected 38.15 g/t gold (1.23 oz/t Au) over 0.50 meters shear vein from 92.70 meters within 5.49 g/t Au over 6.50 meters including gold-bearing sheeted extensional veins. EC23-511 intersected 39.59 g/t gold (1.27 oz/t Au) over 0.52 meters shear vein from 49.78 meters within 1.12 g/t Au over 20.90 meters including gold-bearing sheeted extensional veins. EC23-514 intersected 30.30 g/t gold (0.97 oz/t Au) over 0.50 meters from 98.65 meters within wider 8.68 g/t Au over 2.10 meter shear veining interval. EC23-512 is interpreted to have intersected sheeted extensional veining. EC23-513 ended at 93m and is interpreted to not have reached the shear vein target depth.
UPCOMING EVENTS
VRIC (
AME RoundUp (
PDAC (
ABOUT
The Mineral Resource Estimate for the Klondike District Property was prepared by
Contact:
Tel: (604) 609-6138
Email: info@klondikegoldcorp.com
Web: www.klondikegoldcorp.com
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