New High Grade Discovery At Stander Zone

New High Grade Discovery At Stander Zone

VANCOUVER – Klondike Gold Corp.reported on drilling at the Stander Zone on the Klondike District Property in the Dawson mining district, Yukon, Canada. High-grade gold has been discovered at the Stander Zone extending the mineralization to the east along each of two quartz-filled ‘shear vein’ sub-parallel structures. DDH EC23-508 intersected 90.55 g/t gold (2.91 troy oz/t Au) over 0.55 meters shear vein from 21.05 meters within 1.65 g/t Au over 36.65 meters including gold-bearing sheeted extensional veins. DDH EC23-510 intersected 38.15 g/t gold (1.23 oz/t Au) over 0.50 meters shear vein from 92.70 meters within 5.49 g/t Au over 6.50 meters including gold-bearing sheeted extensional veins. DDH EC23-511 intersected 39.59 g/t gold (1.27 oz/t Au) over 0.52 meters shear vein from 49.78 meters within 1.12 g/t Au over 20.90 meters including gold-bearing sheeted extensional veins. DDH EC23-514 intersected 30.30 g/t gold (0.97 oz/t Au) over 0.50 meters from 98.65 meters within wider 8.68 g/t Au over 2.10 meter shear veining interval. DDH EC23-514 returned 8.68 g/t Au over 2.10 meters interpreted to have intersected the same shear as EC23-510 located 160 meters along strike at the same relative elevation.

Visible gold (VG) was identified in fault controlled quartz vein zones in four of seven drill holes corresponding with >30 g/t Au assay intersections in each: 1) EC23-508 contained 2 VG between 21.3m to 21.4m, (90.55 g/t Au over 0.55m). 2) EC23-510 contained 4 VG between 89.7m to 95.0m, (38.15 g/t Au over 0.50m). 3) EC23-511 contained 2 VG at 49.9m, also at 62.7m, (39.59 g/t Au over 0.52m). 4) EC23-514 contained 1 VG at 100.2m, (30.30 g/t Au over 0.50m)

Gold intersections on each of these structures remain open. These are priority targets for 2024 follow up.

Peter Tallman, President & CEO, said, “The discovery of gold associated with historically unrecognized shear veins, distinguishable from sheeted extension veins, validates our view of the potential for the Klondike to host multiple and substantial gold deposits. As we’ve discussed in previous news releases, new insights from ongoing comprehensive academic research and collaborative work with orogenic gold experts’ continues to be transformative for our exploration and development efforts within the Klondike district. Recent news releases all include headline gold grades of >30 g/t Au in both outcrops and drill core and in each of several target areas. Importantly, the exploration model is distinguishing the highest-quality targets to pursue within the 727 sq kms Klondike District Project. Moving forward our team has identified many new targets to test in 2024 in conjunction with developing/expanding resources within our existing, open-ended deposits including targets adjacent the discoveries.”