Klondike Gold Stock Price, News & Analysis

Klondike Gold Corp. plans to raise up to $3 million through a non-brokered private placement, comprising flow-through and non-flow-through funds. The non-flow-through LIFE Offering will issue 9.5 to 14.3 million units at $0.105 per unit, aiming for $1 million to $1.5 million in proceeds. The Flow-Through Placement will offer up to 17.4 million flow-through units at $0.115, targeting $2 million in proceeds. Funds will support exploration in Yukon and general working capital. The first tranche is anticipated to close by March 23, 2023.

Klondike Gold Corp. announced a significant high-grade gold-silver discovery at the Gay Gulch Showing within its Yukon property. The quartz vein assays showed an impressive 4,064 g/t Au and 1,149 g/t Ag, indicating potential for substantial mineral resources. This finding follows a history of similar high-grade discoveries in the region, with ongoing exploration highlighting the importance of structural orientation and associated mineralization. Recent partnerships with esteemed research institutions are enhancing exploration strategies, with a focus on identifying 2023 exploration targets.

Klondike Gold Corp. has announced a Property Acquisition Agreement with C2C Gold Corp. to acquire a 100% interest in the Quartz and Sulphur properties, comprising 689 claims over 143 square kilometers in Yukon, Canada. This acquisition expands Klondike Gold's land position by 27%, increasing its total claims in the Klondike District to 3,913 across 727 square kilometers. The deal includes issuing 1,000,000 common shares to C2C and granting a 1% net smelter returns royalty, with the option to purchase half of it for $500,000. The agreement awaits final approval from the TSX Venture Exchange.

Klondike Gold Corp. (OTCQB: KDKGF) has successfully closed the second tranche of its private placement financing, raising $352,400, including $24,900 in flow-through funds. The company issued 1,000,000 non-flow-through units at $0.10 each, with accompanying share purchase warrants exercisable at $0.20 until January 2025. Two insiders acquired 2,900,000 units in what qualifies as a related party transaction, exempt from minority shareholder approval due to the value being below 25% of the company’s market cap. Funds will support exploration in Yukon and general working capital. Additionally, 3,900,000 stock options have been granted to staff, exercisable at $0.10 for five years.

Klondike Gold Corp. has outlined its 2023 exploration objectives for the Klondike District Gold Project in Yukon, Canada, aiming to double its recent Mineral Resource Estimate to over 1 million ounces of gold. The first goal is to explore areas at Lone Star and Stander Zones for gold-bearing mineralization outside previously identified resources. The second objective focuses on discovering new resources, particularly at the newly identified Gay Gulch Zone. Key milestones from 2022 include the completion of an NI 43-101 Technical Report and the establishment of partnerships with academic institutions.

Klondike Gold Corp. has filed its NI 43-101 Technical Report regarding the 2022 Mineral Resource Estimate for the Klondike District Gold Project in Yukon, Canada. The report, effective November 10, 2022, is available on SEDAR and the company's website. It identifies an Initial Mineral Resource of 469,000 Indicated and 112,000 Inferred gold ounces, marking a significant milestone for the Klondike District. The project spans 586 square kilometers and targets gold mineralization along historic mining areas.

Klondike Gold Corp held its annual general meeting on December 15, 2022, where shareholders elected five directors, including Peter Tallman and Anne Labelle. All proposed matters were approved, such as the appointment of Davidson & Company LLP as auditors and the adoption of a new stock option plan. The company focuses on its 100% owned Klondike District Gold Project in Yukon, which has identified an initial mineral resource of 469,000 Indicated and 112,000 Inferred gold ounces.

Klondike Gold Corp (OTCQB: KDKGF) is initiating a financing round aiming to raise $1,000,000 through a private placement. This includes two types of offerings: a Flow-Through Placement priced at $0.15 per unit and a Non-Flow-Through Placement priced at $0.10 per unit. Each unit comes with one share purchase warrant, exercisable at $0.20 for two years. The funds will be allocated for exploration and development of Yukon properties and general working capital. The financing remains subject to TSX Venture Exchange approval.

Klondike Gold Corp. announced an Initial Mineral Resource Estimate for the Lone Star and Stander Deposits at its Klondike District Gold Project, revealing a total Indicated Mineral Resource of 469,000 ounces and Inferred Mineral Resource of 112,000 ounces of gold. This assessment is based on drilling results from 2014 to 2021. Notably, the average grade at the Stander Deposit is 35% higher than at Lone Star. A technical report will be filed on SEDAR within 45 days. CEO Peter Tallman emphasized the historical significance and potential for further discoveries in this region.