https://www.miningweekly.com

Klondike Gold shines with Yukon discovery

7th August 2019

By: Creamer Media Reporter

     

Font size: - +

The share price of Vancouver-based Klondike Gold surged on the TSX-V on Tuesday, after the company reported assay results from nine drill holes testing the Nugget zone along the Nugget Fault on its 576 km2 Klondike property, in Yukon Territory.

Drill testing along 200 m at the Nugget zone intersected gold mineralisation and discovered a new parallel zone of high-grade gold, the exploration company said in an announcement.

The assay results include new mineralisation grading 1 009 g/t gold with 1 035 g/t silver over 1 m in drill hole EC19-267. This includes a wider interval that graded 404 g/t gold with 415 g/t silver over 2.5 m.

This was a new discovery 25 m below the known Nugget zone mineralisation and remained open.

Drill hole EC19-256 intersected Nugget zone mineralisation grading 9 g/t gold over 10 m and is included in a wider interval that graded 4.3 g/t gold over 21.5 m beginning at surface.

Drill hole EC19-266 intersected Nugget zone mineralisation grading 8 g/t gold over 49.6 m.

Drilling targeting the Nugget Fault, including the Nugget zone began in mid-June.

Klondike hit a new 52-month high on the TSX-V, with shares hitting C$0.44 each and closing up 9.3% at C$0.41 a share.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.05 0.877s - 128pq - 2rq
Subscribe Now