Welcome to our dedicated page for Klondike Gold news (Ticker: KDKGF), a resource for investors and traders seeking the latest updates and insights on Klondike Gold stock.
Klondike Gold Corp. reports gold exploration, resource-expansion and corporate developments tied to its 100% owned Klondike District Property near Dawson City in Yukon, Canada. Recurring updates include diamond-drill assay results, structural and lithologic modeling, work at the Lone Star, Stander and Eldorado Creek target areas, and references to the company’s NI 43-101 mineral resource work.
The company’s releases also cover financing activity for drill programs, production royalty revenue from the Montana Creek Placer Property, annual meeting results, board and auditor matters, stock option plan approvals, and capital-markets communications for its TSXV, Frankfurt and OTCQB-traded securities.
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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.