Canadian Gold and Base Metal Exploration
TSX-V: KG

Title Holder:
Klondike Gold Corp
KG Ownership:
100%
Acquisition Method:
Granted and earned-in
Underlying Royalties:
No
Land:
13,545 ha claims & 214 ha Crown Grants
Claims:
728 claims, 14 Crown Grants
Location:
20 km Southeast of Dawson City
586700 m E 7086000 m N, UTM ZONE 7N (NAD83)
Mineral Targets:
Gold
Lone Star

Property Description and Location

The Eldorado Property is a 30 minute drive southeast of Dawson City within the Dawson mining district. The property consists of 707 contiguous quartz claims and 14 Crown Grants centered on the historic Lone Star Mine in the Klondike Goldfields. The quartz claims cover an area of 130.39 square kilometers and the Crown Grants cover 2.143 square kilometers.

Property Geology

The Eldorado Property is underlain by lithologies assigned to the Permian Klondike Schist Assemblage, part of the Yukon-Tanana Terrain. This unit has a complex deformation history with at least four phases of deformation (D1-D4). The so-called D4 quartz veins are gold-bearing.

2016 Drilling

Summary of 2016 Drilling

Hole ID Zone From (m) To (m) Au g/t Interval (m) Hole ID Zone From (m) To (m) Au g/t Interval (m)
EC16-20 Buckland No significant results
EC16-21 Buckland No significant results EC16-56 Nugget 40.8 43.2 0.5 2.4
EC16-22 Buckland No significant results EC16-57 Nugget No significant results
EC16-23 Nugget 61.9 62.2 0.7 0.3 LS16-58 Lone Star 6.5 43.5 2.4 37.0
EC16-24 Nugget No significant results incl. 6.5 13.6 6.6 7.1
EC16-25 Nugget 31.9 32.0 0.4 0.1 incl. 27.1 30.7 9.4 3.6
EC16-26 Nugget No significant results LS16-59 Lone Star 16.5 44.2 1.2 27.7
EC16-27 Nugget 6.3 6.5 0.4 0.2 incl. 16.5 23.8 2.3 7.3
and 25.9 26.2 1.0 0.3 LS16-60 Lone Star No significant results
and 48.5 54.5 0.5 6.0 LS16-61 Lone Star No significant results
incl. 48.5 50.3 0.4 1.8 LS16-62 Lone Star 5.5 10.5 1.7 5.0
incl. 52.8 54.5 1.2 1.7 LS16-63 Lone Star 3.1 45.0 0.9 42.0
EC16-28 Nugget 5.1 5.3 0.5 0.2 LS16-64 Lone Star 29.5 54.0 1.5 24.5
EC16-29 Nugget No significant results LS16-65 Lone Star 26.2 32.2 2.7 6.0
EC16-30 Nugget No significant results LS16-66 Lone Star 12.8 25.0 0.5 12.2
EC16-31 Nugget 5.9 22.8 0.7 16.9 and 81.0 89.0 1.6 8.0
incl. 5.9 6.1 0.8 0.3 LS16-67 Lone Star 45.8 48.8 1.0 3.0
incl. 8.3 10.2 1.4 1.9 and 87.5 92.0 1.6 4.5
incl. 19.7 22.8 2.9 3.0 LS16-68 Lone Star 33.0 37.0 4.7 4.0
incl. 21.0 22.8 4.8 1.7 and 57.0 60.0 0.7 3.0
and 57.1 57.3 5.8 0.2 and 67.0 81.0 1.2 14.0
EC16-32 Nugget 3.6 17.9 5.1 14.3 LS16-69 Lone Star 4.9 16.9 0.9 12.0
incl. 5.1 7.5 19.6 2.4 incl. 4.9 13.1 1.0 8.2
incl. 5.1 5.3 147.0 0.2 and 88.7 98.6 2.5 9.9
incl. 5.3 7.5 6.4 2.1 LS16-70 Lone Star 8.3 16.9 1.6 8.6
incl. 11.3 16.0 4.4 4.7 and 68.0 79.3 3.5 11.3
30 g cap Nugget 3.6 17.9 3.3 14.3 incl. 74.5 79.3 7.9 4.7
EC16-33 Nugget 23.1 23.5 7.6 0.4 LS16-71 Lone Star 38.3 51.0 0.5 12.7
and 89.6 90.2 1.8 0.6 LS16-72 Lone Star No significant results
EC16-34 to EC16-50 Violet No significant results LS16-73 Lone Star No significant results
EC16-51 Nugget No significant results LS16-74 Lone Star 59.0 63.0 1.5 4.0
EC16-52 Nugget No significant results EC16-75 Christie No significant results
EC16-53 Nugget 4.9 5.7 2.1 0.9 EC16-76 Christie No significant results
EC16-54 Nugget 33.1 33.3 336.6 0.2 EC16-77 Christie No significant results
and 36.8 42.1 2.0 5.3 EC16-78 Nugget No significant results
EC16-55 Nugget 19.2 31.1 3.3 11.9 EC16-79 Nugget No significant results
incl. 21.6 24.9 8.2 3.3 EC16-80 Nugget No significant results

 

Maps and Sections

2015 Drilling

2015 exploration drilling tested several zones (Nugget, Lower Nugget, Gay Gulch, Buckland area) with outcrop or sub-crop quartz veining containing visible gold. Core logging results show that individual quartz veins with visible gold can be 0.1 to 1.0 meters in thickness and that “zones” are comprised of several to many related quartz veins (“vein arrays”) occurring over widths of up to ~10 meters true thickness and which exhibit along-strike and down-dip continuity. The volume of quartz veining relative to wallrock, expressed as “% quartz veining” or “% QV” is an important exploration indicator. Property-scale exploration focussed on locating near-surface volumes of gold mineralized quartz veining, and this objective will continue for 2016.

Summary of Nugget Zone Drilling Assay Results

Hole ID Dip From
(m)
To
(m)
Interval
(m)
True Thickness
(m)
Grade
Au g/t
% QV Vein Array
EC15-01 -45 3.8 11.45 7.65 7.65 4.6 27 Upper
EC15-02 -85 4.4 11.6 7.2 5.7 2.3 15 Upper
EC15-03 -85 4.4 12.0 7.6 6.1 5.3 22 Upper
EC15-03 -85 47.8 49.6 1.8 1.4 7.4 27 Lower
EC15-04 -45 21.1 24.1 3.0 3.0 5.7 58 Lower

Summary of Gay Gulch Drilling Assay Results

Hole ID Dip From
(m)
To
(m)
Interval
(m)
True Thickness
(m)
Grade
Au g/t
% QV
EC15-08 -85 41.90 47.25 5.35 4.00 1.6 16
EC15-09 -50 19.30 20.40 1.10 1.10 1.9 18
EC15-10 -85 23.90 26.70 2.80 2.10 75.6 33
Including 23.90 24.40 0.50 0.40 420.0 100
EC15-11 -50 21.20 23.05 1.85 1.85 1.0
EC15-12 -85
EC15-13 -50 19.45 21.00 1.55 1.55 10.9 10

Summary of Buckland Zone Drilling Assay Results

Hole ID Dip From
(m)
To
(m)
Interval
(m)
True Thickness
(m)
Grade
Au g/t
% QV
EC15-15 -50 54.70 56.50 1.8 1.80 3.7 Unknown
EC15-16 -50 38.00 38.85 0.85 0.85 1.8 Unknown
EC15-16 -50 55.10 55.30 0.2 0.20 11.9 50
EC15-17 -50 58.80 59.25 0.45 0.45 5.9 18

 

Maps and Sections

Historical Work Completed

The Eldorado property has a long history starting with the 1896 gold rush and contains many active placer claims. It also has two past producing mines, the Lone Star mine (Boulder Lode) which operated from 1911-1914 and the Violet mine from 1901-1907. Our consolidation of records indicate that $20,600,000 has been spent on the property.

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

  • 1901-1907: Violet mine development of including: 3 shafts (47, 7 and 11 m deep), 133 m of drifting and an open cut mining (15 by 4 by 5 m), and a 1065 m tramway to a cyanide mill on Ophir Creek. The mill processed 4.5 tonnes in 1905 and 1.4 tonnes in 1906.
  • 1911-1914: The Lone Star mine produces 1,545 oz @ 5.20 g/t.
  • 1940-1947: 27.2 tonne bulk sample.
  • 1967: Airborne magnetics survey of area published by Geological Survey of Canada
  • 1979-1985: Dawson Eldorado Gold Exploration / Klondike Ken Ventures explored the property with geochemical sampling, a resistivity survey and trenching in 1980-81, geological mapping in 1983 and 1984 and geochemical sampling and rock sampling of old workings in 1984. In 1985, Dawson Eldorado drilled 6 percussion holes (183 m).
  • 1986-1994: Arbor Resources then Kennecott Canada Inc. as part of an option agreement with Arbor conducted exploration on the property. This included multiple geophysics grids and 196 drill holes consisting of 13,075 m of RC and percussion drilling and 8094 m of diamond drilling. In addition approximately 220 trenches were dug and over 4000 trench samples assayed as well as over 5000 soil samples across the property. The majority of the work was concentrated around the Boulder Lode and the Nugget to Buckland Zone between Gay Gulch and 27 Pup which accounted for 68 and 63 drill holes respectively.
  • 1995: Kennecott terminated its option agreement with Arbor Resources who changed their name to Klondike Gold Corp. in 1996.
  • 1996: Newmont performed bulk sampling and amenability to milling tests as an evaluation of the property.
  • 2004: Klondike Gold Corp. enters into a joint venture with Klondike Star Mineral Corp.
  • 2004- 2008: Klondike Star drilled 66 diamond holes and 6 percussion holes totalling 9291 m. Approximately 35 trenches were dug and numerous historic trenches were cleaned out and re-assayed with over 1600 samples collected as well as over 2500 soil samples. A bulk sampling program was also conducted on selected targets between 2005 and 2007 in areas identified by geologists as having anomalous mineralization.
  • 2011: Klondike Gold conducted a limited exploration program including trenching and soil and rock sampling along the Lone Star ridge road. In addition select trenches and the historic Boulder Lode were examined to investigate the relationship of structure to gold grade. The relationship between mineralization and the complicated structure of the area was also examined and a structural model was developed that may be used to guide future work in the Lone Star area.
  • 2012: Klondike Gold completed four diamond drill holes at Lone Star totalling 1,381.1 meters of core.
  • 2013: Klondike Gold conducted prospecting and analysis on various locations throughout the property
    • Systematic sampling of the WSW face of the Boulder Lode open cut results of 1.86 g/t over 5 by 25 m, including 9.43 g/t over 2.5 by 4.2 m.
    • Nugget Zone mapping, extension and grab samples of 179 g/t Au with 78 g/t Ag
    • Upper Eldorado grab samples of up to 98.8 g/t Au with 20.7 g/t Ag
    • Violet Ridge trend with high sample of 47.4 g/t Au and 894 g/t Ag

Photo Gallery – Lone Star

Drill core boxes at Eldorado Creek camp

Drill core boxes at Eldorado Creek camp

Gold Rush era miner

Gold Rush era miner

Gold Rush era production

Gold Rush era production

Grand Forks 1899

Grand Forks 1899