Klondike Gold Corp. announce that it has entered into a contract to resume drilling on its 2007 Irishman hole in southeastern British Columbia. Black Hawk Drilling, based in Smithers, B.C. will extend the Irishman hole an estimated 200 meters to the projected depth of the Sullivan horizon.
The 2007 Irishman hole was stopped short of target depth due to heavy winter snow conditions. Completion of this hole is a high priority in Klondike Gold’s 2008 exploration program.
The Irishman target is in a north-trending structural basin, referred to as the Panda basin, which is similar to the basin that hosted the world class Sullivan lead-zinc-silver sedex deposit 40 km to the north. Six holes have been drilled to the depth of the Sullivan horizon in the Panda basin, and these have clearly defined the limits of the basin and shown that sulphide content is increasing towards the south, near the intersection of the basin axis with a northeast-trending Proterozoic-age fault.
The Qualified Person for the purpose of National Instrument 43-101 is Trygve Hoy, who has read and agreed with the contents of this news release.
About Klondike Gold Corp.
Klondike Gold Corp.’s portfolio covers mineral exploration for gold, silver, lead, zinc, and diamonds in some of the best known mining areas of Canada. Details relating to exploration activities on specific properties will be announced as the work programs are implemented.
Visit Klondike Gold’s web-site: www.klondikegoldcorp.com to see Smartstox interviews with the Company’s President, Mr. Richard Hughes.