Yukon Gold Explorer Hits 28.67 g/t as High-Grade Vein Model Takes Shape

2026-01-07 16:32:00 ET

Gold exploration in Canada's Yukon Territory continues to attract attention as companies work to define extensions of mineralization in historically productive districts. The Klondike region, famous for its placer gold rush over a century ago, is seeing renewed focus on hard-rock deposits as explorers apply modern geological models to trace the original source of alluvial riches. High-grade quartz vein intercepts within broader mineralized envelopes are particularly valued for their potential to enhance project economics.

Shares of Klondike Gold Corp. ( TSX-V: KG ) ( OTCQB: KDKGF ) rose Wednesday after the company reported high-grade gold intercepts at its Lone Star Zone, including 28.67 grams per tonne gold over 0.5 meters and 23.74 g/t gold over 1.0 meter, both within broader mineralized intervals exceeding 30 meters at the 100%-owned Klondike District Property near Dawson City, Yukon.

The company's 2025 Phase 3 drilling campaign comprised sixteen holes totaling 2,803 meters testing the Lone Star, Stander, and Eldorado Creek target areas. Results from seven holes at Lone Star were released, with nine additional 2025 holes plus a resampled 2022 hole still pending assays.

Six of the seven holes intersected high-grade gold veining within broad low-grade envelopes on the boundary or outside the existing Lone Star mineral resource estimate (MRE) published in November 2022. All six holes returned significant mineralization, indicating the system remains open to the northwest, southeast, and at depth.

Hole LS25-567 intersected two distinct mineralized zones: the first averaging 0.48 g/t gold over 30.5 meters including 7.77 g/t over 1.0 meter, and a second zone averaging 0.98 g/t over 35.5 meters that included the high-grade 28.67 g/t interval. Hole LS25-568 hit a near-surface zone grading 1.68 g/t over 9.0 meters and a deeper zone averaging 2.57 g/t over 12.5 meters that included the 23.74 g/t intercept.

Additional highlights included hole LS25-569, which returned 11.71 g/t gold over 0.5 meters within a 45.5-meter zone grading 0.48 g/t from near surface, and hole LS25-572, which intersected 19.17 g/t over 1.0 meter within a 63.5-meter zone averaging 0.75 g/t gold.

The Phase 3 program tested key recommendations from the 2022 MRE to explore continuity of high-grade vein "sub-domains" within resource areas. Since that report, comprehensive structural mapping and core relogging have significantly refined the company's 3D models and identified higher-grade vein zones that characteristically exhibit coarse visible gold.

"We are extremely pleased with these substantive new Lone Star drill results," said Peter Tallman, President and CEO. "Drilling along the edges and outside the Lone Star MRE confirmed our structural understanding of mineralization continuity and will allow us to target step-out drilling further along strike and to depth with confidence."

The company is now planning an early 2026 follow-up drill campaign and has initiated a selection process to commission an updated mineral resource estimate incorporating all drilling completed from 2022 onward. The Lone Star Zone currently hosts indicated resources of 469,000 ounces gold and inferred resources of 112,000 ounces.

Shares of KG gained 10.5% Wednesday to close at C$0.105, while US-listed shares of KDKGF rose 2.2% to $0.073.

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