EXPLORATION & DEVELOPMENT

Klondike Gold intercepts near-surface gold

65.05m at 1.4g/t gold at Lone Star Zone

Staff reporter

This article is 7 years old. Images might not display.

The intersection was entirely within 45m of surface and also contained 8.45m at 6.07g/t.

The company recognised the potential for gold disseminated in host rock adjacent to quartz veining at Lone Star late in 2016, having previously focused on gold-bearing quartz veins.

Klondike Gold has started a systematic, district-scale exploration programme across the property and announced near-surface gold from core resampling at its Nugget Zone earlier this month. 

It has a minimum budget of C$2.5 million (US$1.9 million) for exploration this year and said it was fully funded through 2019 at a similar level of expenditure.

The company had $6.2 million (US$4.7 million) in working capital at the end of February.

Its shares have ranged between 21.5-60c and closed 1c lower yesterday at 31c.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.