Klondike Gold Corp. announces that it plans to raise up to $1,050,000 in aggregate of non-flow-through funds and flow-through funds by way of a non-brokered private placement. The Non-Flow-Through Placement will consist of the sale of units priced at $0.175 per unit, with each unit consisting of one common share and one-transferable share purchase warrant. The Flow-Through Placement will consist of the sale of [...]
Klondike Gold Corp. has extended the term of 5,575,000 warrants issued pursuant to a private placement which closed on April 4, 2017. The warrants are currently exercisable at $0.30 per share and are set to expire on April 4, 2020. The Company is applying to extend the expiry date of the 5,575,000 warrants to April 4, 2022. All other terms of the warrants, including the exercise price will remain unchanged. The proposed [...]
Klondike Gold Corp. announces that it has entered into a Property Purchase Agreement dated February 14, 2020 with Ximen Mining Corp. , whereby Klondike Gold will sell to Ximen all of its British Columbia gold properties totalling 98 mineral claims covering 4,171 hectares and one Crown Granted mineral claim of 8.7 hectares located in the southeastern part of the province. The Agreement covers four properties, namely Ron [...]
Klondike Gold Corp. is pleased to report exploration results including assays from thirty-six drill holes from the 2019 drill program plus one area of channel sampling testing the Lone Star Zone along the Bonanza Fault on the Company's wholly owned 586 square kilometer Klondike District Property, Yukon Territory. The drill program was designed to test the Bonanza fault for Lone Star style mineralization over an additional [...]
Klondike Gold Corp. is pleased to report exploration results including assays from nineteen drill holes from the 2019 drill program testing the Stander Zone Central along the Nugget Fault on the Company's wholly owned 586 square kilometer Klondike District Property, Yukon Territory. The drill program intersected broad zones of gold mineralization containing local intervals of high-grade gold consistently across a [...]
Klondike Gold Corp. is pleased to provide an update to the merger of December 20, 2016 with Klondike Star Mineral Corp. . Pursuant to a December 20, 2016 merger agreement offer between the Company and Klondike Star, Klondike Star shareholders tendered approximately 71% of shares on that date. For a three-year term from that date each remaining issued and outstanding share of Klondike Star's common stock , was [...]
Klondike Gold Corp. is pleased to provide an update to the working exploration model which identifies newly recognized northeast trending orogenic faults and links these faults to gold mineralization. The updated exploration model is a result of a comprehensive three-month reprocessing and recompilation program of collected data involving in-house personnel and structural, geophysical, and LiDAR outside consultants. This [...]
Klondike Gold Corp. is pleased to announce the results of its annual general meeting of shareholders held earlier today. The Company elected five directors to its board, namely Peter Tallman, Gordon Keep, John Pallot, Steven Brunelle and Tara Christie. The shareholders approved all other matters as proposed, including the appointment of Davidson & Company LLP, Chartered Professional Accountants as auditors of the Company [...]
Klondike Gold Corp. is pleased to provide an exploration update and report assays from seven drill holes testing the Gay Gulch gold showing along the Eldorado Fault on the Company's wholly owned 576 square kilometer Klondike District Property, Yukon Territory. SUMMARY The 2019 drill program is complete for a season total of 94 holes. Drilling results from the Gay Gulch gold showing include 1.09 g/t Au over 9.08 meters in [...]
Klondike Gold Corp. is pleased to report that the Company has entered into a lease agreement with Dulac Mining Ltd whereby Klondike Gold assigns to Dulac Mining the rights and permits to placer mine on the Upper Eldorado Creek property, contained wholly within the Company’s 576 square kilometer Klondike District Property, Yukon Territory. The Upper Eldorado Creek Placer property is comprised of 114 contiguous placer [...]
Klondike Gold Corp. is pleased to report that the Company has closed a non-brokered flow through private placement financing of 1,925,000 flow-through units at the price of $0.40 per FT Unit for gross proceeds of $770,000. Each FT Unit is comprised of one common share of the Company, which is a “flow-through” share for Canadian income tax purposes, and one-half of one common share purchase warrant . Each whole Warrant is [...]
Eric Sprott announces that on August 30, 2019, 3,103,000 common share purchase warrants of Klondike Gold Corp., with an exercise price of $0.45 per common share expired unexercised representing approximately 2.9% of the outstanding common shares on a partially diluted basis. Prior to the expiry of these Warrants, Mr. Sprott beneficially owned and controlled 11,033,000 common shares and 3,103,000 Warrants representing [...]