Klondike Announces Exploration Program!
Klondike Gold announces that the Board has approved a $2,500,000 exploration program for 2018 within the Company’s Klondike district property, Yukon Territory. $2.5 million exploration budget for 2018, which includes, 1: 5,000 to 7,000 meters of drilling, 2: 3,000 to 5,000 new soil samples & 3: 300- to 500-line kilometers of ground magnetics.
Detailed work in 2018 is designed to systematically test for gold mineralization from the Lone Star prospect along the 55 km trend to the new Gold Run target which is the length of the Klondike District. The Company plans a $2,500,000 exploration program for 2018, a 25% increase in expenditure compared to the 2017 budgeted program.
Major components of the 2018 budget include plans for: 5,000 to 7,000 meters of drilling between multiple targets; 3,000 to 5,000 new soils, 300- to 500- line kilometers of ground magnetics surveying, detailed structural and lithologic mapping and prospecting across the entire district for the first time, and contingency for 2018 follow-up on any new targets generated.
Prospecting located gold bearing quartz veins with visible gold from very old mine dumps, as well as gold-bearing mineralization from altered outcrops lacking noticeable quartz veins interpreted to be a style of disseminated gold mineralization.
