Klondike Gold Advances Exploration with Phase 2 Findings

Klondike Gold Corp. has announced progress in their Phase 2 exploration activities on their Klondike District Property. Following the success of their Phase 1 drilling, the company is mapping new targets and preparing for Phase 3 drilling. CEO Peter Tallman highlights the integration of past drilling, sampling, and mapping into a 3D visualization software, Leapfrog. This has enhanced their understanding of gold-bearing structures, targeting deeper reserves.

Phase 2 focused on refining geological and structural mapping over the Klondike District, differentiating regional thrusts, faults, and folds. The re-evaluation encompasses over a decade of exploration data aiding in developing a comprehensive interpretation of gold mineralization. A crucial component includes 3D mapping of faults using drilling data, which has updated geological benchmarks from the 1980s.

The next phase is set to commence in early September, equipped with specific drill targets informed by Phase 2's extensive mapping and analysis.