Building Gold Resources in Historic Klondike Goldfields

Title Holder:
Klondike Gold Corp
KG Ownership:
Acquisition Method:
Granted and Aquired
Underlying Royalties:
2% on Acquired Claims
72,919 ha claims & 214 ha Crown Grants
3767 claims, 14 Crown Grants
20 km Southeast of Dawson City
586700 m E 7086000 m N, UTM ZONE 7N (NAD83)
Mineral Targets:
Lone Star

Property Description and Location

The Klondike Property is a 30 minute drive southeast of Dawson City within the Dawson mining district. The Klondike District Project titles consist of 3,078 registered contiguous quartz claims and 14 Crown Grants covering an aggregate area of approximately 58,470 hectares over an elongated area approximately 50 by 12 kilometres in dimension. The boundaries of 14 Crown Grants were legally surveyed in c.1900 with survey information available from Yukon Archives. As of the date of this report, all 3,078 quartz claims and 14 Crown Grants are listed by the Yukon Territorial Government website and Dawson Mining Recorder with titles indicated to be 100% owned by Klondike Gold Corporation and held in good standing.

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.

Mineral Resources

The Initial Mineral Resource Estimate comprises a total Indicated Mineral Resource of 469,000 ounces of gold and a total Inferred Mineral Resource of 112,000 ounces of gold on the near-surface Lone Star and Stander Deposits. The Mineral Resource Estimate is based upon drilling results from 2014 through 2021 field seasons. The pit-constrained Mineral Resource Estimate is summarized below.

Table 1:  Pit-Constrained Mineral Resource Estimate at a 0.2 g/t Au Cut-Off – Effective November 10, 2022 – Lone Star and Stander Deposits

Classification Deposit Tonnage
Average Au

Au Content
Indicated Lone Star 19,535,528  0.643 403,857
Stander 2,049,741  0.987 65,044
Total 21,585,269  0.676 468,901
Inferred Lone Star 6,156,522  0.503 99,562
Stander 304,821  1.265 12,397
Total 6,461,343  0.539 111,959

Notes: ‎

  1. The effective date for the Mineral Resource is November 10, 2022.
  2. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
  3. The CIM definitions were followed for classification of Mineral Resources. The quantity and grade of reported inferred Mineral Resources in this estimation are uncertain in nature ‎and there has been insufficient exploration to define these inferred Mineral Resources as an ‎indicated Mineral Resource and it is uncertain if further exploration will result in upgrading them to an ‎indicated or measured Mineral Resource category.
  4. Mineral Resources are reported at a cut-off grade of 0.2 g/t Au, using a gold price of US$1,700/ounces and a US$/CAN$ exchange rate of 0.75.

Both the Lone Star and Stander open pit deposits remain open with mineralization known to extend beyond the current resource model boundaries. Additionally, the average indicated mineral resource grade at Stander Deposit is 35% higher than at Lone Star Deposit.  (Refer to Figure 1:  Klondike District Gold Project 2022 Resource Areas.)

Maps and Sections