Klondike Gold Pays Tribute to Its Late Founder, Richard Hughes
Rhea-AI Summary
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.
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On the day this news was published, KDKGF gained 14.89%, reflecting a significant positive market reaction.
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VANCOUVER, BC / ACCESS Newswire / February 11, 2025 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ("Klondike Gold" or the "Company") is saddened to learn of the recent passing of Richard Hughes, a legendary prospector credited with significant Canadian and international mineral discoveries over his lengthy career in the mining industry, including the co-discovery of the world-class Hemlo gold deposit in Ontario during the 1980s. Mr. Richard Hughes passed away peacefully in Langford, BC, at the age of 91.
Richard Hughes founded Klondike Gold Corp. in 1978 and served as Chairman and/or Director of the Company until 2013. Richard's vision for the Company first led him to the famous Klondike goldfields near Dawson, Yukon in 1980. Richard is well-remembered and respected by local placer miners for his generosity and dogged prospecting persistence during his two decades of work there. His contributions to the search for hard-rock gold sources In the Klondike are instrumental in the Company's current discoveries along Eldorado Creek in areas championed by Richard.
Peter Tallman, Klondike Gold's President & CEO states; "The Company extends its heartfelt condolences to Richard's family, many friends, and the entire mining community at the passing of a Canadian prospecting legend."
ABOUT KLONDIKE GOLD CORP.
Klondike Gold is a Vancouver based gold exploration company advancing its
ON BEHALF OF KLONDIKE GOLD CORP.
"Peter Tallman"
Peter Tallman,
President and CEO
FOR FURTHER INFORMATION:
Telephone: (604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute "forward-looking statements". When used in this document, the words "anticipated", "expect", "estimated", "forecast", "planned", and similar expressions are intended to identify forward-looking statements or information. These statements are based on current expectations of management, however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. Klondike Gold does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.
Forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices and changes in the Company's business plans.In making the forward looking statements in this news release, the Company has applied several material assumptions that the Company believes are reasonable, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. The Company seeks safe harbor.
For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.
1The Mineral Resource Estimate for the Klondike District Property was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI 43-101. The technical report supporting the Mineral Resource Estimate entitled "NI 43-101 Technical Report on the Klondike District Gold Project, Yukon Territory, Canada" has been filed on SEDAR at www.sedarplus.ca effective November 10, 2022. Refer to news release of December 16, 2022.
SOURCE: Klondike Gold Corp.
View the original press release on ACCESS Newswire
FAQ
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