{"id":1131081,"date":"2019-08-06T13:55:43","date_gmt":"2019-08-06T18:55:43","guid":{"rendered":"https:\/\/www.mining.com\/?p=998555"},"modified":"2019-08-06T13:55:43","modified_gmt":"2019-08-06T18:55:43","slug":"klondike-gold-stock-hits-12-month-high-on-bonanza-grade-drill-results","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1131081","title":{"rendered":"Klondike Gold stock hits 12-month high on bonanza grade drill results"},"content":{"rendered":"<p>Klondike Gold (TSXV: KG)&nbsp;<a rel=\"noreferrer noopener\" aria-label=\"released on Tuesday (opens in a new tab)\" href=\"http:\/\/www.klondikegoldcorp.com\/klondike-gold-reports-1009-g-t-au-with-1035-g-t-ag-over-1-0-meter-and-8-9-g-t-au-over-10-0-meters-at-nugget-zone-yukon\/\" >released on Tuesday<\/a> results from nine of the 12 drill holes testing the Nugget zone at its Klondike District property in&nbsp;Canada&#8217;s Yukon territory, where high-grade gold mineralization has been found.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Klondike&#8217;s shares surged by more than 10% Tuesday morning to a 52-week high of C$0.44 per share. The Vancouver-based company has a market capitalization of approximately C$44 million.<\/p>\n<p>Tuesday&#8217;s results were highlighted by one drill hole, which intersected  bonanza grades of 1,009 g\/t gold and 1,035 g\/t silver over 1.0 m. This assay was included in a wider interval that graded 404 g\/t gold with 415 g\/t silver over 2.5 m, representing a new discovery parallel to the Nugget zone.<\/p>\n<p>In May, the company began a <a rel=\"noreferrer noopener\" aria-label=\"$2 million exploration program (opens in a new tab)\" href=\"http:\/\/www.klondikegoldcorp.com\/klondike-gold-commences-2m-exploration-program-for-2019\/\" >$2 million exploration program<\/a> focusing higher-grade targets at its Yukon property, rather than the low-grade widespread material it had been exploring previously. Most of the work has been focused on the Gay Gulch, <a rel=\"noreferrer noopener\" aria-label=\"Lone Star (opens in a new tab)\" href=\"https:\/\/www.mining.com\/klondike-gold-reports-results-drilling-campaign-yukon-project\/\" >Lone Star<\/a> and Nugget zones to confirm the high grades identified last year.<\/p>\n<p>Other assays reported from the Nugget zone include 8.9 g\/t gold over 10 m, part of a wider interval grading 4.3 g\/t gold&nbsp;over 21.5 m beginning at surface.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In May, the company began a C$2 million exploration program focusing higher-grade targets at its Yukon property.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1131081"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1131081"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1131081\/revisions"}],"predecessor-version":[{"id":1131082,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1131081\/revisions\/1131082"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1131081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1131081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1131081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}