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Klondike Gold Corp. (TSXV:KG) – Drilling Expands Lone Star Zone to 200m Vertical Depth

Impact: Mildly Positive

Klondike Gold reported results from its 2021 Phase 2b diamond drilling program from the Lone Star zone at its 100%-owned Klondike District property in the Yukon. Drilling aimed to test the downslope and potential down-dip extension of the Lone Star zone with 13 holes (2,661m). We continue to believe that the company could likely delineate a ~0.5M oz Au resource at ~1.0 g/t Au at the Lone Star and Stander zones in 2022 based on existing and planned drilling in 2021 (see our initiation report).

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