Klondike Gold Intersects 28.67 g/t Au over 0.5 Meter and 23.74 g/t Au over 1.0 Meter Within 1.06 g/t Au over 32.5 Meters at Lone Star Zone
Klondike Bedrock Strategy Validated by Thick Intercepts and Non-Dilutive Royalty Cash Flows
The news release dated January 7, 2026, reports the first batch of results from the 16-hole Phase 3 diamond drilling program (2,803 meters) at the Lone Star Zone. Key highlights include hole LS25-567, which returned 1.06 g/t Au over 32.5 meters (including high-grade veins of 28.67 g/t Au over 0.5m), and hole LS25-572, which returned 0.60 g/t Au over 80.5 meters. The results confirm that mineralization is open to the northwest, southeast, and at depth. Management indicates that the structural and stratigraphic model developed in Phases 1 and 2 is successfully predicting mineralization. Assays for nine additional holes remain pending.
The news is Material - Positive for three reasons: - Confirmation of Model: The 2025 program was a systematic three-phase approach. The success of Phase 3 drilling validates the "Eldorado Fault" structural model, reducing exploration risk for future deep-drilling targets. - Resource Expansion Potential: Thick intercepts like 80.5 meters of 0.60 g/t Au outside the current Mineral Resource Estimate (MRE) footprint suggest a significant volume increase for the 2026 MRE update. - Economic Sweeteners: While the bulk is low-grade, the presence of high-grade "orogenic-style" veins (e.g., 28.67 g/t) within the broader intervals provides the necessary grade "kick" to potentially improve the economics of a bulk-tonnage project.
Klondike Gold Corp. owns 100% of the 727 sq. km Klondike District Property near Dawson City, Yukon. Its flagship projects are the Lone Star and Stander Zones. The project currently hosts an MRE (2022) of 469,000 Indicated and 112,000 Inferred ounces of gold. The company’s strategy focuses on identifying the bedrock sources of the 20 million ounces of placer gold historically recovered from the region.