Klondike Gold Corp. (TSXV: KG) is a mineral exploration company with prospective projects in the Klondike Mining District of Yukon Territories.
The Company has been actively exploring in the Yukon since 1980, making it one of the longest standing participants in hardrock exploration in the region. The company currently owns 2,780 quartz claims, a district-spanning 55 km long Klondike Project covering the area of the 1896-1900 Klondike goldfields from which 20 million ounces of gold have been extracted since 1896. The 20 million ounces of gold refers to the total estimated alluvial gold production as calculated by the Yukon Geological Survey from the Klondike area creeks and gravels extracted from 1896 to the present day from the area located within Klondike Gold’s current bedrock mineral claims.
The Eldorado target lies at the western end of the Klondike Project, easily accessible from Dawson City via the government maintained Bonanza Road. Exploration has identified the Nugget and Lone Star Zones, and the Violet target.
The Lone Star Project has been focused on exploration at the headwaters of Eldorado and Bonanaza Creeks, and has three principal zones of exploration activity.
The Lone Star Zone is centered along Lone Star ridge, the site of the original Lone Star Mine (1912-1914) and other short underground workings called Pioneer and Parnell. On the south side of Lone Star ridge is the Nugget-to-Buckland Zone, and across Eldorado Creek to the south, along the next ridge is the Violet Zone. Assessment records indicate that $25 milllion has been spent on the property to date.
The Company’s Yukon properties also include three more distinct hardrock exploration projects on the Klondike plateau called the Dominion Project, the Gold Run Project and the Bonanza Project.
In the southeast corner of the Klondike Mining District the company owns the McKinnon Creek placer mine featured on Discovery Channel program Gold Rush.