Klondike Gold Stock Price, News & Analysis

Klondike Gold (OTCQB:KDKGF) has successfully closed a non-brokered private placement financing, raising $1,518,339.50, including $185,019.50 in flow-through funds. The company issued 2,176,700 flow-through units at $0.085 per unit and 17,777,600 units at $0.075 per unit.

The placement included a total of 18,865,950 share purchase warrants, exercisable at $0.12 per share until April 14, 2027. Three company insiders participated, acquiring 588,200 Flow-Through Units and 6,463,300 Units. Notable participants included Peter Tallman, increasing his holdings to 11.71% of common shares, and Frank Giustra, now holding 7.88% of outstanding shares.

The proceeds will fund exploration and development of Klondike's Yukon properties and general working capital. All securities issued are subject to a holding period until August 15, 2025.

Klondike Gold Corp (TSXV:KG, OTCQB:KDKGF) has entered into a significant mining lease and option to purchase agreement with Armstrong Mining Corp for its Montana Creek Placer Property near Dawson City, Yukon. The agreement, effective March 9, 2025, includes:

- An immediate $500,000 pre-production royalty payment
- A 6-year mining lease for the 239 placer claims (13.4 square kilometers)
- A 10% Production Royalty on all minerals produced
- An option for Armstrong to purchase 100% interest for $9.5 million

The Montana Creek Property, a non-core asset to Klondike's larger 729 square kilometer exploration property, has demonstrated historical production of 4,350 ounces of gold during 2014-2016 when featured on Discovery Channel's "Gold Rush" show, and 330 ounces from 2005-2013 under previous operators.

Klondike Gold Corp (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) announces the passing of its founder, Richard Hughes, at age 91 in Langford, BC. Hughes, a legendary prospector known for co-discovering the world-class Hemlo gold deposit in Ontario during the 1980s, founded Klondike Gold in 1978 and served as Chairman and/or Director until 2013.

Hughes's vision led the company to the Klondike goldfields near Dawson, Yukon in 1980, where he was respected by local placer miners for his generosity and persistent prospecting efforts. His work in searching for hard-rock gold sources in the Klondike has been instrumental in the company's current discoveries along Eldorado Creek.

Klondike Gold (KDKGF) has appointed Dr. M. Stephen Enders to its Advisory Board. Dr. Enders brings over 45 years of mining industry experience, having held key positions including Senior Vice President of Exploration at Newmont Mining and President of Phelps Dodge Exploration Corp.

Dr. Enders recently retired from his position as Department Head for Geology and Geological Engineering and Mining Engineering at the Colorado School of Mines in December 2023, where he continues to teach in their Professional Masters in Mineral Exploration program. He currently serves as Executive Chairman of Brooks & Nelson and holds multiple board positions.

His distinguished career includes notable achievements such as the Distinguished Achievement Medal from the Colorado School of Mines (2009), the Ben F. Dickerson Award (2014), and the Ralph W. Marsden Award (2016). Dr. Enders holds a BSc in geological engineering from the Colorado School of Mines and MSc and PhD degrees from the University of Arizona.

Klondike Gold (KDKGF) has completed a non-brokered private placement raising $508,508.95, including $208,508.95 in flow-through shares. The company issued 3,207,830 flow-through shares at $0.065 per share and 5,000,000 units at $0.06 per unit. Each unit includes one common share and one purchase warrant, exercisable at $0.10 until December 27, 2026.

The securities have a hold period until April 28, 2025. One company insider participated, acquiring 900,000 flow-through shares and 1,250,000 units. The proceeds will fund exploration of Yukon properties and working capital needs.

Klondike Gold announces drill results from six exploration holes testing gold potential along the Eldorado Fault at its Klondike District Property in Yukon. Three holes on the west side of the fault revealed significant gold-bearing quartz veins, with highlights including 6.41 g/t Au over 1.0m and 8.25 g/t Au over 1.0m. Two of three holes on the east side intersected extensions of gold mineralization to the Gay Gulch and DJ Showings. The Eldorado Fault has been newly identified as a major crustal structure controlling gold mineralization, mapped over a 5km distance. The company also granted 5,600,000 stock options at $0.07, 1,200,000 RSUs, and 600,000 DSUs to directors, officers, and employees.

Klondike Gold announces drilling results from seven holes testing southwest and northwest extensions of the Stander Zone. Key discoveries include high-grade intersections of 10.34 g/t Au over 1.5 meters and multiple stacked gold zones including 1.54 g/t Au over 27.0m. The exploration successfully extended the Stander Zone length by 400 meters northwest and width by 200 meters southwest, potentially doubling the gold-mineralized strike length and increasing width by 50%. The drilling program, consisting of 26 holes totaling 4,160.52m, was conducted adjacent to the Company's November 2022 Mineral Resource Estimate area within their 727 km² Klondike District Property in Yukon, Canada.

Klondike Gold reports significant drill results from its Klondike District Property in Yukon, revealing a 300-meter southeastern extension of the Stander Zone gold mineralization. Key findings include high-grade intersections of 21.50 g/t Au over 4.0 meters (including 76.07 g/t Au over 1.0m) in hole EC24-534 and 4.84 g/t Au over 9.0 meters (including 35.44 g/t Au over 0.5m) in hole EC24-541. The drilling program, comprising 26 holes totaling 4,160.52m, successfully extended the Stander Zone's strike length by 50% beyond the previous 600-meter MRE extents. The mineralization remains open to depth and along strike.

Klondike Gold Corp. (TSXV:KG, OTCQB:KDKGF) has announced results from eight drill holes at the Stander Zone within its 727 km2 Klondike District Property in Yukon, Canada. Highlights include:

• EC24-523 intersected 39.52 g/t Au over 1.0m from 102.5m
• EC24-537 intersected 25.81 g/t Au over 1.0m from 94.5m
• EC24-542 intersected 0.73 g/t Au over 7.0m from 4.0m

These results demonstrate potential to expand the existing gold resource beyond the 2022 Mineral Resource Estimate. The drilling program targeted northeasterly and downdip extensions of gold mineralization, with all holes showing multiple gold-bearing quartz vein zones. Mineralization remains open to depth and across strike, with additional drill results pending.