Klondike Gold Stock Price, News & Analysis

Klondike Gold Corp. (KDKGF) has initiated Phase 2 diamond drilling at the Lone Star Zone, part of a comprehensive drill program on its 586 square kilometer property in Yukon. The company has observed visible gold in its second drill hole of the 2021 program and has identified visible gold in past drill cores. Additionally, Klondike received its first gold royalty payment from Dulac Mining, amounting to 0.5 ounces of flake gold. This marks a significant advancement in their exploration efforts as they aim to outline a maiden resource in the Lone Star Zone.

Klondike Gold Corp. (KDKGF) announced that Phase 1 diamond drilling commenced on May 12 at its Virgin Target area as part of a larger 2021 exploration program covering 6,500 meters across three phases. This initiative aims to discover gold sources in historic mining zones. Following Phase 1, Phase 2 will focus on the Lone Star Zone, while Phase 3 will expand the Stander Zone. The company has received Yukon government approval for safety measures amid the COVID-19 pandemic, ensuring exploration activities align with health protocols.

Klondike Gold Corp. has initiated its 2021 exploration program at the Virgin Target area in the Yukon Territory, encompassing a total of approximately 6,500 meters of drilling across three phases. The focus is on discovering gold sources at historic sites including the Virgin/Lindow Target and expanding the Stander Zone. The first phase will start soon, targeting visible gold discovered in quartz veins historically. The company emphasizes safety measures due to COVID-19 and has received approval for its isolation plan. Drilling is expected to enhance resource estimates and potentially uncover new discoveries.

Klondike Gold Corp. (KDKGF) has concluded its Phase 4 drill program at the Lone Star Zone, part of its 586 square kilometer Klondike District Property in Yukon. The 2020 drilling comprised 30 holes over 2,893 meters, exceeding initial plans. Preliminary prospecting results indicate gold mineralization outside the established zone, with significant assays up to 43.8 ppm Au. The company awaits further assay results to guide its 2021 exploration efforts. Klondike Gold's exploration team effectively managed operations during the pandemic while enhancing its geological models.

Klondike Gold Corp. held its annual general meeting on December 3, 2020, where five directors were elected: Peter Tallman, Gordon Keep, John Pallot, Steven Brunelle, and Tara Christie. Shareholders approved all proposed matters, including the appointment of Davidson & Company LLP as auditors and the Company's stock option plan. The Company, based in Vancouver, is focused on its 100%-owned Klondike District Gold Project in Yukon Territory, an area recognized for its gold mining potential.

Klondike Gold Corp. (KDKGF) has successfully closed the second tranche of a non-brokered private placement, raising a total of $3,800,410.80. This includes $2,630,410.80 in flow-through funds from the issuance of 6,167,334 flow-through units at $0.30 each and 1,580,000 non-flow-through units at $0.25. The proceeds will support exploration in the Yukon and ongoing working capital needs. The company is well-funded for operations through 2021.

Klondike Gold Corp. (KDKGF) has announced an increase in its non-brokered private placement offering by $1.3 million, totaling up to $3.8 million. The company has closed the first tranche, raising $1,555,210, with $780,210.60 in flow-through funds. The first tranche included 2.6 million flow-through units and 3.1 million non-flow-through units. Proceeds will fund exploration and development of Yukon properties. All securities are subject to a four-month hold period and awaiting TSX Venture Exchange approval.

Klondike Gold Corp. (OTC PINK KDKGF) announced plans to raise up to $2,500,000 through a private placement, comprising flow-through and non-flow-through funds. The flow-through shares will be priced at $0.30 per unit, while non-flow-through units will be offered at $0.25. Each unit includes a warrant exercisable at $0.45 for two years. Proceeds will support exploration of Yukon properties and general working capital. The financing is subject to TSX Venture Exchange approval and may close in tranches.

Klondike Gold announced positive results from Phase 2 and 3 diamond drilling at the Stander Zone in Yukon Territory. Phase 2 drilling confirmed a sub-horizontal orientation of gold-bearing quartz vein arrays, with notable intersections like 7.57 g/t Au over 10.5m from hole EC20-350. All five holes in this phase intersected near-surface gold mineralization. Phase 3 drilling identified weakly gold-mineralized quartz veins, improving the understanding of gold distribution. The insights gained will aid in future resource targeting.