Klondike Gold drills 99.6 m of 0.21 g/t Au at Klondike

Executive Summary

• Klondike Gold Corp. released drilling results from two exploratory holes (LS22-492 and EC25-578) testing extensions of the Lone Star deposit, confirming a broad interval of gold mineralization extending the target zone approximately 600 meters to the southwest/southeast.
• Drill hole LS22-492 intersected 64.1 meters averaging 0.29 g/t Au, while EC25-578 intersected 1.0 meter averaging 5.16 g/t Au, supporting the interpretation that the Lone Star mineralization corridor remains open along strike and at depth.
• The company announced a planned 8,000-to-10,000-meter drill program for 2026 to expand the project's first-ever Mineral Resource Estimate (MRE), with services contracted to Kluane Drilling and commencement scheduled for early April.

Key Details

• Drill Hole LS22-492: Located 500 meters southeast along strike of the Lone Star zone; intersected a broad interval of gold-bearing alteration averaging 0.29 g/t Au over 64.1 meters.
• Drill Hole EC25-578: Located approximately 700 meters southeast of the Lone Star deposit on an adjacent alteration trend; averaged 5.16 g/t Au over 1.0 meter at a depth of 81 meters.
• EC25-578 Lower Zone: Intersected silicification plus two quartz veins from 78.0 to 82.5 meters, averaging 1.56 g/t Au over a 4.5-meter interval.
• Geological Interpretation: Results indicate the Lone Star mineralization corridor is open to the southeast beyond current defined limits. Hole LS22-492 stopped short of a lower felsic unit, which is identified as a principal target horizon for gold enrichment that remains untested and is a priority for future deeper drilling.
• 2026 Exploration Plan: The company plans an 8,000-to-10,000-meter drill program aimed at expanding the MRE published in 2022. An updated MRE including drilling from 2015 to 2026 is targeted for release after the season concludes.
• Drilling Contractor: Kluane Drilling (Whitehorse, Yukon) has been contracted for the upcoming program, scheduled to commence in early April.
• Existing Resource Context: The Lone Star zone currently contains 469,000 ounces in indicated resources (19,535,528 tonnes grading 0.643 g/t Au) and 112,000 ounces in inferred resources (6,156,522 tonnes grading 0.503 g/t Au). The Stander zone contains 65,044 ounces in indicated resources and 12,397 ounces in inferred resources.

Notable Quotes

• "Growing the Lone Star zone is one of our top priorities, and new targets emerging from geology and structural adjustments based upon drilling completed in 2025 are steadily advancing this objective... These results provide the company with firm targets in 2026 to drill test for a significant expansion of the Lone Star zone to the southeast." — Peter Tallman, President and CEO
• "On behalf of the board of directors of Klondike Gold, I would like to thank Jasvir for her important contributions to the company over the last six years. We wish Jasvir all the best in her future endeavours." — Peter Tallman, President and CEO