- Write by:
-
Monday, June 1, 2020 - 11:17:02 PM
-
656 Visit
-
Print
Mining News Pro - Exploration has begun at Klondike Gold’s wholly-owned Klondike District property in the Yukon, the company announced Monday.
Diamond drilling is underway with approximately nine holes targeting the Lone Star zone in phase 1. A phase 2 program targeting the Stander zone and a phase 3 program targeting Stander zone extensions are also planned, Klondike said.
A total of 1,210 soils and 65 prospecting rock samples have been collected and submitted for analysis.
In addition, Dulac Mining has commenced placer mining on ground leased from the company at the Upper Eldorado placer property. Klondike retains a 10% production royalty payable in placer gold.
“We are excited after 5 years to transition from district-scale geoscience surveys and exploration documenting gold and structural controls towards detailed testing of spatial and economic parameters of segments within both Lone Star and Stander zones during 2020,” Klondike Gold president and CEO Peter Tallman said in a press release.
The Klondike District project targets gold associated with district-scale orogenic faults along the 55 km length of the Klondike Goldfields placer district. The company has been actively exploring in the region since 1980.
Shares of Klondike Gold jumped as much as 6.6% by midday Monday. The Vancouver-based mining junior has a market capitalization of C$32.9 million.
Short Link:
https://www.miningnews.ir/En/News/540162
Peru’s dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper ...
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time ...
As BHP Group considers its next move, there’s one big question facing the mining world’s bankers, analysts and ...
Around $7 billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised ...
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South ...
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, could look at reducing capital ...
Belgium’s Nyrstar is reactivating the Budel zinc smelter in the Netherlands after a four-month period of care and ...
Coal India Ltd., the world’s largest producer of the commodity, reported a 26% increase in fourth-quarter profit, driven ...
Adani Enterprises Ltd., which posted a 38% fall in quarterly profit, said India’s markets regulator has queried it about ...
No comments have been posted yet ...