Klondike Gold Corp. Intersects Sullivan Horizon in Irishman Drill Hole
Posted on: Thursday, 30 October 2008, 15:00 CDT
Klondike Gold Corp. (TSX VENTURE: KG) is pleased to announce that the extension of the Irishman drill hole in southeastern British Columbia, on property joint ventured with Sedex Mining Corp., is progressing well. This morning the drill penetrated the upper part of the prospective Sullivan horizon. Examination of the drill core by Doug Anderson (P.Geo.) of the upper few tens of meters of the horizon showed that it contained visible sphalerite (zinc sulphide) and considerable disseminated pyrrhotite (iron sulphide) in massive, altered argillite, characteristic of distal fringes of sedex-type mineralization. The Sullivan horizon in the Irishman hole is exhibiting many characteristics of exhalite mineralization in a basin setting, including disseminated and vaguely laminated Zn and Fe sulphides, galena (lead sulphide) in small veinlets, variable alteration, thickened stratigraphy and fragmental units.
Drilling will continue through the Sullivan horizon, with the hope of intersecting more massive or laminated sulphide sections. Furthermore, comparison of the Sullivan horizon here with that in a 2005 Klondike hole, approximately two km to the east, will help in vectoring towards the source of exhalite mineralization in the southern part of the Panda basin.
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.
For further information visit Klondike Gold's web-site: www.klondikegoldcorp.com to see Smartstox interviews with the Company's President, Richard Hughes.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contacts: Hughes Exploration Group Kevin Hull Investor Relations (604) 685-2222 Hughes Exploration Group Alan Campbell Investor Relations (604) 685-2222 (604) 685-3764 (FAX) Email: info@klondikegoldcorp.com Website: www.klondikegoldcorp.com
SOURCE: Klondike Gold Corp.
Source: MARKET WIRE
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