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.
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.