EXPLORATION & DEVELOPMENT

Klondike hits 91m at 1.02g/t gold

Klondike hits 91m at 1.02g/t gold

Staff reporter

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

Among the latest results, the junior reported 91m at 1.02g/t gold from 17.7m at the Lone Star zone.

It recently reported near-surface mineralisation from first drilling this year and from core resampling at the property.

Yesterday, Klondike said it was expecting a final report and lithologic and structural mapping results from across the Klondike District Project from SRK Consulting soon, and would integrate the results with the company's exploration work.

The company consolidated its Klondike holdings in August 2016.

It is benefitting from the federal and territorial government's C$360 million roads upgrade announced last year to two mineral-rich areas, saying the Dawson Range project included all the resource access roads within its Klondike District property.

It has about C$3 million (US$2.3 million) cash on hand, according to an October presentation, and expects to spend $2.5 million (US$1.9 million) on exploration in 2019.

Shares in the company hit a 52-week peak of C43.5c in July, just prior to its news that core resampling had shown near-surface gold mineralisation along strike from its Nugget Zone.

Its shares closed up 1.5c yesterday to 20.5c to capitalise it at $19.9 million.

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

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

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.