Canadian Gold and Base Metal Exploration
TSX-V: KG

Title Holder:
Klondike Gold Corporation
KG Ownership:
100%
Acquisition Method:
Staking, and acquisition of Klondike Star Mineral Corporation (July 2014)
Underlying Royalties:
No
Land:
1,665 ha
Claims:
86 claims
Location:
52 km SE of Dawson City
614320 E 7067820 N, UTM ZONE 7N (NAD 83)
Mineral Targets:
Gold
Gold Run

Property Description and Location

The Gold Run Property straddles central Gold Run creek between 24 Pup to 51 Pup and includes most of Laskey Creek. The claims are road accessible and located 90 minutes southeast of Dawson City.

Property Geology

The Klondike region is underlain by the Klondike Schist, a subdivision of the Yukon-Tanana terrane which extends from Alaska, through Yukon and into British Columbia.

Work Completed During Period

Soil sampling and prospecting in 2012 further outlined the NW soil anomaly on the west side of Gold Run Creek.  Prospecting and sampling in 2014 discovered two localities with visible gold (the first VG recorded from the property) and yielded nine samples of quartz veining assaying between 3.0 g/t Au and 26.4 g/t Au.   Four lines of soil samples were collected in the northern part of the claims, with samples collected 50 m apart on lines spaced 100 m apart, for a total of 72 soil and 1 rock samples. Two soil lines were collected in the southern part of the claims in an area known to be anomalous to compare C horizon soil sampling to previous MMI and shallow 80 mesh soil results. 53 soils and 4 rocks were collected in the southern area.

The northern area sampled in 2012 lies just south of the Kestrel Gold’s Doron zone. This zone lies about 100 m from the FB claims, and is thought to trend north-south onto the Gold Run project. The small grid also covers the area around the historic Kentucky Lode workings. 21 of 72 soil samples in this area were greater than 20 ppb Au, with a best value of 265.5 ppb Au. Silver values were low in these soils (max 0.3ppm Ag), and there is no obvious correlation between gold and pathfinder elements.

In the northern area one grab sample from a quartz-tourmaline boulder exposed in the trail returned only trace gold. Previous sampling of similar black tourmaline-healed white quartz breccia vein material found at the Kentucky Lode returned very low gold values (Mann, 2004 – figure 40). Of 12 rock samples collected here in 2004, the best sample returned 2.43 g/t Au, with the next best result 25.1 ppb Au.

The southern area sampled in 2012 covers a saddle where a gold in soil geochemical anomaly was first identified in 2005 on the FB 22 and 23 claims. The anomaly was examined in 2007 with further B horizon -80 mesh soils and MMI soils. The work in 2012 was done to compare deep auger soils with the other soil methods, which both successfully identified a coincident gold- arsenic and low level silver anomaly. The 2012 work confirmed the earlier work. This target is polymetallic, with moderate gold associated with very strong arsenic (up to 839 ppm) and moderate silver (up to 1.9 ppm). There is a suite of elevated base and pathfinder elements including Cu, Zn, Cd, Sb and Bi that is associated with this target. Prospecting of the southern area, which has no outcrop, was limited to digging holes at the sites of previous gold geochemical anomalies to examine rocks.

Historical Work Completed

Work initiated with the start of placer mining on Gold Run Creek which underlies the centre of the Gold Run claim group in 1897. This creek has been a major placer gold producer, with mining continuing to the present. Early hard rock exploration and staking initiated in 1901 and several gold bearing quartz veins were discovered including the Payne showing and the Devine showing, the latter of which is adjacent to Gold Run claims.

The following is a list of the significant work completed on the project:

  • 1967: Airborne magnetic survey of area published by Geological Survey of Canada.
  • 1976: PAYNE workings restaked as the DEB claims and bulldozer trenching in 1978 at DEB was the last exploration work done on these claims.
  • 1983: Archer Cathro and Associates conducted geological mapping to the north of the KLAM claims which surrounded the DEB claims.
  • 1984: Bedrock geology map, 1:50,000 published.
  • 1984-1985: The Laskey Creek area was explored with B horizon soil sampling in the Kentucky Lode area. This work returned numerous low level gold anomalies, and was followed by bulldozer trenching in 1985 beside the old shaft.
  • 1984-1986: United Keno Hill Mines staked quartz claims over many of the main placer creeks in the Klondike, including the RUN claims at upper and lower Gold Run Creek. They flew 3 airborne surveys and conducted minor VLF-EM ground surveys. They drilled 95 rotary percussion holes in 14 areas, including 5 holes in a fence across upper Gold Run Creek and a second 5 holes in a fence located near the mouth of Whitman Gulch, just south of Gold Run claims. On the ridge between Gold Run and Sulphur Creeks 303 widely spaced soil samples were collected on a grid. A VLF survey identified an anomaly and an excavator trench 260 m long and 7 m deep was dug to test the VLF anomaly and the coincident maximum gold value in soils.
  • 1986-1988: Doron staked the BTTA claims northwest of the RIJ claims (mostly on current FB claims). Soils and prospecting were performed. Added the Kentucky claims in 1987, further soils and prospecting. More soils in 1988. A cut line grid on the Kentucky claims with a 2.4 km due east baseline and 20 N-S 800 m long wing lines was established near the Kentucky West zone. 800 soils were collected, and 4 significant anomalies identified in the Kentucky (Devine) area. The eastern end of the baseline crosses the current FB 7 claim.
  • 1994: Wealth Resources collected 300 B horizon soil samples from two grids.
  • 1994: A placer pit on Gold Run Creek excavated by Teck on the current FB 1 claim was mapped and sampled. A quartz pod with chalcopyrite and chalcocite returned 59 g/t Au and 187.5ppm Ag.
  • 1996: Barramundi Gold Ltd staked and optioned much of the Klondike area, over 3000 claims. Their property covered much of the current Gold Run group. As part of their exploration program, Barramundi collected 210 regional stream silt samples that cover most of the current Gold Run group.
  • 1996: Bedrock geology maps, scale 1:50,000 published, including 115O/ 10.
  • 2002: Airborne magnetics and radiometrics geophysical survey, 1:50,000 scale (GSC Open File 4308).
  • 2003: FB claims staked by Klondike Gold Corp.
  • 2004-2008: Klondike Star Mineral Corp. prospecting and MMI and conventional soil sampling on the claims.
  • 2012: Klondike Gold soil sampling in the northern and southern extremities of the property.

Photo Gallery - Gold Run

Laskey creek mining

Laskey Creek mining


Old mine workings at Gold Run Creek

Old mine workings at Gold Run Creek



P8170057 Kentucky Lode

Kentucky Lode


Sampling outcrop quartz vein

Sampling outcrop quartz vein