Klondike Gold Corp hits at Lone Star!

The first hole drilled at the Lone Star project hits good! One of the best ever from this area.

The first hole at Lone Star, LS16-58, intersected a broad zone of disseminated gold mineralization with two quartz vein arrays which assayed 2.4 g/t Au over 37.0 meters

But wait – this is hole 58 of 2016. The first 57 didn’t do so well. A couple of 22cm super high grade hits. Probably veins of the category known as Short, High-grade, Inconsistent Type

I also like this quote:  “The Company’s geological team are congratulated for their diverse contributions that led to identification and upgrading of a Klondike-era prospect to a significant drillable target.

Makes it sound like nobody has found anything worth drilling there since the 1898 gold rush. But here is work conducted in the modern era before the current team took over – from the KG website. Including 25km+ of drilling in the area:

  • 1979-1985: Dawson Eldorado Gold Exploration / Klondike Ken Ventures explored the property with geochemical sampling, a resistivity survey and trenching in 1980-81, geological mapping in 1983 and 1984 and geochemical sampling and rock sampling of old workings in 1984. In 1985, Dawson Eldorado drilled 6 percussion holes (183 m).
  • 1986-1994: Arbor Resources then Kennecott Canada Inc. as part of an option agreement with Arbor conducted exploration on the property. This included multiple geophysics grids and 196 drill holes consisting of 13,075 m of RC and percussion drilling and 8094 m of diamond drilling. In addition approximately 220 trenches were dug and over 4000 trench samples assayed as well as over 5000 soil samples across the property. The majority of the work was concentrated around the Boulder Lode and the Nugget to Buckland Zone between Gay Gulch and 27 Pup which accounted for 68 and 63 drill holes respectively.
  • 1995: Kennecott terminated its option agreement with Arbor Resources who changed their name to Klondike Gold Corp. in 1996.
  • 1996: Newmont performed bulk sampling and amenability to milling tests as an evaluation of the property.
  • 2004: Klondike Gold Corp. enters into a joint venture with Klondike Star Mineral Corp.
  • 2004- 2008: Klondike Star drilled 66 diamond holes and 6 percussion holes totalling 9291 m. Approximately 35 trenches were dug and numerous historic trenches were cleaned out and re-assayed with over 1600 samples collected as well as over 2500 soil samples. A bulk sampling program was also conducted on selected targets between 2005 and 2007 in areas identified by geologists as having anomalous mineralization.
  • 2011: Klondike Gold conducted a limited exploration program including trenching and soil and rock sampling along the Lone Star ridge road. In addition select trenches and the historic Boulder Lode were examined to investigate the relationship of structure to gold grade. The relationship between mineralization and the complicated structure of the area was also examined and a structural model was developed that may be used to guide future work in the Lone Star area.
  • 2012: Klondike Gold completed four diamond drill holes at Lone Star totalling 1,381.1 meters of core.

 

ls_lsdrillplan_11x17_oct2016

Lots and lots of drilling already done here, folks, nothing new!