The Gold Run Property covers an area of approximately 895 ha consisting of 44 contiguous quartz claims located 47 km from Dawson and accessible through a network of improved dirt roads. The property covers a 4 km segment of the regional Rabbit thrust fault that is reported to extend at least 55 km with gold mineralization reported along its length. The Company’s consolidated land package, including the Midas and Portland properties, also covers approximately 11 km of strike length along the Gold Run thrust fault, a separate structure, parallel to the Rabbit thrust fault. Approximately 2km of the Gold Run structure cuts through the northern part of the Gold Run property before crossing a few kilometers of Klondike Gold’s ground then trending to the northwest for approximately 9 km through the entire length of the Company’s Portland and Midas properties.
Previous exploration has identified gold mineralization along a northwest trend consisting of quartz veins, veinlets and stockworks that are typically 2 to 10 cm in width and thought to be laterally continuous. The majority of previous work on the project has focused on the Doron Zone, where 22 distinct gold-bearing veins or alteration zones have been identified with grades of up to 2.2 g/t gold over 18.2 m including 9.1 g/t Gold over 1.8 m (Trench 07-04) and 14.7 g/t gold over 1.9 m (Trench 09-02). Mineralization at the Doron Zone remains open in all directions.