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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2010) - Klondike Gold Corp. (TSX VENTURE:KG) (the "Company") drilled five holes, totaling 600 meters, on the Clubine gold-base metal deposit in the Salmo area of southeastern B.C.
The fall 2009 drill program indicated the presence of "Bonanza grade" 148.41 g/t gold (4.8 ounces of gold / tonne) and 203 g/t Ag across 0.2 m within a wider zone of 19.44 g/t gold over 3.45 m ( 0.63opt / 11.3 feet). Six of the nine holes drilled in 2009 successfully intersected the target gold/silver/ copper zone, proving that the zone is continuous along strike and to depth.
The mineralization at Clubine is hosted in a shear zone containing lenses of quartz and quartz-carbonate, and gold-silver-base metal veins. It is small past producer that recovered 123,293 of gold and 239,463 grams of silver from 3676 tonnes mined in the late 1930s. Exploration work at that time consisted of several exploration and production drifts that followed the shear-vein structure, from surface, through strike lengths of up to approximately 90 meters
The Clubine project is in a district with several important past producing camps: the Rossland gold-copper camp, which produced 2.76 million ounces of gold, is located 40 kilometers to the west, the Ymir silver camp is 8 km to the northeast, the Sheep Creek gold camp, 15 km to the east and the Silver King camp, 20 km to the north (refer to the Nelson Mining Camp map for the locations of these camps).
FOR FURTHER INFORMATION PLEASE CONTACT:
Hughes Exploration Group
Alan Campbell or Kevin Hull
Investor Relations
(604) 685-2222
info@klondikegoldcorp.com