Klondike Gold Reports 1,009 g/t Au with 1,035 g/t Ag over 1.0 meter and 8.9 g/t Au over 10.0 meters at Nugget Zone, YukonVANCOUVER, BC / ACCESSWIRE / August 6, 2019 / Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTC: KDKGF) (“Klondike Gold” or the “Company”) is pleased to report assays from nine drill holes testing the Nugget Zone along the Nugget Fault on the Company’s wholly owned 576 square kilometer Klondike District Property, Yukon Territory. Assay results for samples from nine (9) drill holes (EC19-255 to EC19-259 plus EC19-266 to EC19-269) have been received, with assay results for three (3) drill holes (EC19-270 to EC19-272) still pending. A total of twelve (12) drill holes totalling 913 metres tested the Nugget Zone.Highlights:Drill testing along 200 meters at Nugget Zone has intersected gold mineralization and discovered a new parallel zone of high-grade gold.Drill hole EC19-267 intersected new mineralization grading 1,009 g/t Au with 1,035 g/t Ag over 1.0 meter (104.00-105.00 m); this is included in a wider interval that graded 404 g/t Au with 415 g/t Ag over 2.5 meters (104.00-106.50 m). This is a new discovery 25 meters below the known Nugget Zone mineralization and remains open.Drill hole EC19-256 intersected Nugget Zone mineralization grading 8.9 g/t Au over 10.0 meters (17.40-27.40 m); this is included in a wider interval grading 4.3 g/t Au over 21.5 meters (5.90-27.40 m) beginning at surface.Drill hole EC19-266 intersected Nugget Zone mineralization grading 1.8 g/t Au over 49.6 meters (4.60-54.20 m) beginning at surface.The Nugget Zone is associated with a prominent, eight-kilometer long magnetic low named the Nugget Fault which hosts gold-bearing quartz veins at Glacier Gulch, Nugget East, Upper Eldorado, several newly discovered c.1900 small mine workings, and outcrops located over a 2.5 kilometer strike length. Drilling targeting the Nugget Fault including the Nugget Zone began around mid-June (see News Release June 10, 2019).The objectives of drilling the Nugget Zone were to target prospective areas of high-grade gold mineralization and to improve structural understanding by capturing structural measurement data on rock fabrics and gold-bearing quartz vein orientations. Larger diameter HTW-size drill core was used to improve core recovery and to increase analytical precision by increasing core sample size.Results from drill holes EC19-255 to EC19-259, and EC19-266 to EC19-269 are listed in the following table:Hole IDFrom (m)To (m)Au (g/t)Ag (g/t)Length (m)EC19-25558.060.00.50.42.0EC19-2565.927.44.31.121.5including17.427.48.91.910.0including19.920.419.71.40.5including22.923.420.23.60.5including25.826.3113.617.20.5EC19-2574.051.20.60.547.2including13.421.82.51.18.4including17.818.326.17.00.5EC19-25821.752.20.40.530.5including21.724.71.80.83.0EC19-259*67.480.81.42.413.4including74.474.81.79.80.4EC19-2664.654.21.80.849.6including4.619.73.91.315.1including9.510.178.813.90.6and36.754.21.60.817.6including37.438.422.21.71.0EC19-26770.979.60.42.28.7including70.971.81.111.30.9and94.295.21.21.51.0and104.0106.5404.2415.42.5including104.0105.01,009.51,035.51.0EC19-26840.040.51.121.70.5EC19-26910.028.20.70.718.2NOTES: The true thickness of reported drill intervals cannot be determined with the information currently available.*Hole EC19-259 ended in mineralization.EC19-267 from 104.0 to 105.0 meters downhole intersected an averaged grade of 1,009 g/t gold and 1,035 g/t silver over a 1.0 meter interval. This one-meter interval is a mafic schist containing coarse 2 cm size cubic pyrite in a chocolate coloured presumed ankerite alteration zone that includes a 0.4 meter rubble interval with pyrite. From 105.0 to 106.5 meters downhole the coarse pyrite content decreases and typically gold-bearing cross-cutting quartz veins occur. Hole EC19-267 was drilled at 200 azimuth, -55 inclination, to a downhole depth of 111.25 meters. The 104.0 to 105.0 meters downhole interval is 75 meters vertically from surface.Nugget Zone high grade gold-silver mineralization in EC19-267 is comparable to other occurrences sampled in 2014 to 2018 within the Klondike District Property. In 2014, sampling of a sulphidized outcrop yielded up to 1,766 g/t Au with 400 g/t Ag from prospecting rock samples (see News Release January 14, 2015). In 2017, quartz veins were grab sampled that contained 24 and 96 g/t gold, with 110 and 149 g/t silver (see News Release September 28, 2017; O’Neill area quartz veins with Au and Ag). (Prospecting grab samples are selective in nature; systematic test results may vary significantly). The gold-silver association may be used as an exploration tool to target the highest gold grades, using the Company’s evolving structural knowledge from mapping and oriented core measurements. Drill cross-section and a location maps are included hereto as: Figure 1: Location of 2019 Drill Target Zones and nearby prospects, Klondike District PropertyFigure 2: Nugget Zone 2019 Drill Plan MapFigure 3: Nugget Zone Hole EC19-267 Cross Section MapSample and Analytical ProtocolsSample 1832529, the 1.0 meter interval in EC19-267 from 104.0 to 105.0 meters, was re-assayed as 1832529 DUPLICATE. Gold and silver concentrations obtained were within analytical limits. For this news release, the gold and silver results from 1832529 and 1832529 DUPLICATE were mathematically averaged to create the “Average” concentrations. The analytical results are listed in the following table: Sample ID