Klondike Gold Stock Price, News & Analysis

Klondike Gold Corp. (TSX.V:KG, OTCQB:KDKGF) has announced plans to raise up to $750,000 through a non-brokered private placement. The financing includes a Flow-Through Placement at $0.10 per unit and a Non-Flow-Through Placement at $0.09 per unit. Each unit consists of one common share and one share purchase warrant, with warrants exercisable at $0.15 per share for 2 years. The funds will be used for exploration and development of Yukon properties and general working capital. The offering may close in tranches and is subject to TSX Venture Exchange approval, with securities having a four-month and one-day hold period.

Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) has provided updates on its 2024 exploration work at the Klondike District Property in Yukon, Canada. Key highlights include:

1. Mapping of the newly defined 'Eldorado Fault' over a 12km length, controlling high-grade gold emplacement.
2. Discovery of new outcropping visible gold at Archy, Archy Wasp, and DJ Showings along the Eldorado Fault.
3. Completion of 36 diamond drill holes totaling 5,828 meters at Stander and Gay Gulch Zones.
4. The Eldorado Fault is now recognized as a major structural corridor linking various gold showings.

The company's 2024 objectives include targeted prospecting, diamond drilling to expand high-grade gold intersections and the Stander Zone mineral resource, and testing for stacked gold-bearing quartz vein zones. Assay results from recent discoveries and drilling are pending.

Klondike Gold (TSX.V:KG, FRA:LBDP, OTCQB:KDKGF) announced promising results from its prospecting at the Stander Zone on its Klondike District Property in the Yukon. Significant findings included rock samples with gold concentrations of up to 41.2 grams per tonne (g/t), demonstrating the continuity of high-grade gold mineralization. Fieldwork, which began in May 2024, yielded eleven prospecting samples, five of which contained visible gold, with assays ranging from 0.24 g/t to 41.2 g/t. A Phase 2 drilling program of 2,500 meters has commenced, following a 2,750-meter Phase 1 program. Results from Phase 1 are pending and expected soon. The company’s participation in several upcoming investment conferences was also announced.

Klondike Gold announced the completion of the first phase of 2024 exploration drilling at its Klondike District Property, focusing on the Stander Zone in Yukon, Canada. This phase involved 19 holes totaling 2,750 meters, aimed at expanding gold mineralization. Assays are pending. A second phase of approximately 2,500 meters will start soon to explore further high-grade gold veining and potential extensions.

Initial prospecting located quartz veining, with assays also pending. The company received new detailed prospectivity maps from RDC Consulting, aiding in identifying high-grade orogenic gold veins. Klondike Gold's President & CEO Peter Tallman praised the geology team and Kluane Drilling crew for their work.

Upcoming events include participation in investment conferences and property tours, providing opportunities for investors to learn more about Klondike Gold's progress.

Klondike Gold has successfully closed an oversubscribed non-brokered private placement financing, raising $970,736.85. This financing involved the issuance of 10,785,965 units at $0.09 per unit, consisting of one common share and one share purchase warrant exercisable at $0.15 per share until May 17, 2026. Additional finder's fees were paid in cash and warrants to Haywood Securities and Canaccord Genuity. The funds will be used for exploration, drill programs, and general working capital for the Klondike District Property in Yukon. Notably, three insiders participated, acquiring 3,613,888 units, but no new insiders were created or control changes occurred. All securities are subject to a four-month hold period. The company also announced participation in several upcoming investment conferences.

Klondike Gold Corp. (TSXV:KG) (OTCQB:KDKGF) has announced a non-brokered private placement aiming to raise up to $850,000. The offering consists of 9,444,444 units priced at $0.09 per unit. Each unit includes one common share and one share purchase warrant. The warrant allows the holder to purchase an additional share at $0.15 for up to 24 months. The funds will support ongoing and future exploration, drill programs, and general working capital. This financing is subject to TSX Venture Exchange approval and a four-month plus one-day hold period.