Proactiveinvestors USA & Canada Klondike Gold Corp. https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Klondike Gold Corp. RSS feed en Tue, 23 Jul 2019 04:11:57 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - Klondike Gold starts drilling program on Lone Star Zone in Klondike ]]> https://www.proactiveinvestors.com/companies/stocktube/14159/klondike-gold-starts-drilling-program-on-lone-star-zone-in-klondike-14159.html Mon, 22 Jul 2019 14:13:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/14159/klondike-gold-starts-drilling-program-on-lone-star-zone-in-klondike-14159.html <![CDATA[Media files - Klondike Gold Corp focusing drilling attention on high grade Nugget Zone ]]> https://www.proactiveinvestors.com/companies/stocktube/13747/klondike-gold-corp-focusing-drilling-attention-on-high-grade-nugget-zone-13747.html Fri, 14 Jun 2019 09:49:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13747/klondike-gold-corp-focusing-drilling-attention-on-high-grade-nugget-zone-13747.html <![CDATA[News - Klondike Gold looks to confirm high-grade gold at Gay Gulch as drilling kicks off in Yukon ]]> https://www.proactiveinvestors.com/companies/news/221062/klondike-gold-looks-to-confirm-high-grade-gold-at-gay-gulch-as-drilling-kicks-off-in-yukon-221062.html Klondike Gold Corp (CVE:KG) (OTCMKTS:KDKGF) announced Tuesday that drilling has begun on the company’s Klondike District property in Yukon, Canada.

This year’s drill campaign will focus on the Gay Gulch Zone of the project to follow up on high-grade gold mineralization discovered on the property in 2015. Seven drill holes will focus solely on Gay Gulch to test the zone.

In total, Vancouver-based Klondike is planning a 60-hole program to test multiple targets, spending C$2 million on its diamond drill campaign.

READ: Klondike Gold kicks off 2019 drill program in Yukon

The seven-hole Gay Gulch drilling program should be completed by early June, with results expected by late July of this year.

Additional drilling will take place at the Lone Star Zone to expand areas of disseminated gold mineralization.

The final component of the 2019 exploration program will see Klondike completing a LiDAR airborne survey to cover the Klondike District property. The data obtained from the survey will help to refine the company’s exploration model and potentially create new drill targets.

Klondike Gold Corp is focused on exploring and developing its Lone Star Gold project in Yukon, Canada. The asset is a district-scale, 557 square kilometre property at the confluence of Bonanza and Eldorado Creeks.

In addition to the Lode Star zone, Klondike is actively exploring the Nugget zone, where earlier drilling identified near-surface gold intersections of 2.36 g/t over 22.9 metres.

Shares of Klondike fell 4.3% on Tuesday morning in Toronto to C$0.23 and 8.5% on OTC markets to sit at US$0.17.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Tue, 28 May 2019 10:28:00 -0400 https://www.proactiveinvestors.com/companies/news/221062/klondike-gold-looks-to-confirm-high-grade-gold-at-gay-gulch-as-drilling-kicks-off-in-yukon-221062.html
<![CDATA[News - Klondike Gold raises over C$2.24 million to advance its Yukon properties after closing second tranche of financing ]]> https://www.proactiveinvestors.com/companies/news/220857/klondike-gold-raises-over-c224-million-to-advance-its-yukon-properties-after-closing-second-tranche-of-financing-220857.html Klondike Gold Corp (CVE:KG) (OTCMKTS:KDKGF) said it had raised a total of over C$2.24 million after closing the second tranche of a placing and proceeds will be used to continue exploring at the group's Yukon properties.

In the second tranche, the firm issued 750,000 non-flow-through units at C$0.20 each for gross proceeds of C$150,000.

READ: Klondike Gold kicks off 2019 drill program in Yukon

Each non flow-through unit consists of one share and one warrant exercisable at C$0.35 per share until May 22, 2022.

In total in the financing, more than 7.7 million flow-through units at $0.22 each for  gross proceeds of more than C$1.7 million and 2.66 million non-flow though units at $0.20 each for gross proceeds of C$532,000 were issued in two tranches.

Klondike is focused on developing its Lone Star Gold target at the confluence of Bonanza and Eldorado Creeks, within a district scale 563 sq km property, which is accessible by road and lies on the outskirts of Dawson City, within the Tr'ondëk Hwëch'in First Nation traditional territory.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Thu, 23 May 2019 07:28:00 -0400 https://www.proactiveinvestors.com/companies/news/220857/klondike-gold-raises-over-c224-million-to-advance-its-yukon-properties-after-closing-second-tranche-of-financing-220857.html
<![CDATA[Media files - Klondike Gold Prepares for 2-million-dollar exploration program looking for gold ]]> https://www.proactiveinvestors.com/companies/stocktube/13407/klondike-gold-prepares-for-2-million-dollar-exploration-program-looking-for-gold-13407.html Fri, 17 May 2019 14:22:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13407/klondike-gold-prepares-for-2-million-dollar-exploration-program-looking-for-gold-13407.html <![CDATA[News - Klondike Gold raises $2.1M in first tranche of private placement ]]> https://www.proactiveinvestors.com/companies/news/216760/klondike-gold-raises-21m-in-first-tranche-of-private-placement-216760.html Klondike Gold Corp (CVE:KG) (OTCMKTS:KDKGF), a Canadian exploration company with assets in Yukon Territory, closed a $2.1 million private placement on Monday. 

The company issued approximately 7.8 million flow-through shares at a price of $0.22 and 1.9 million non-flow-through units at $0.20 for gross proceeds totaling about $2.1 million. It anticipates that the second tranche will be completed in the coming weeks, the company said in a statement.

Shares of Klondike jumped 2.4% to close at $0.21 on Monday, and gained 3.5% on the OTC Markets in the US.

READ: Klondike Gold Corp to raise up to C$2.75 million to boost exploration at Yukon projects 

Flow-through shares are a unique financing vehicle for junior mining companies in Canada, giving investors tax incentives for funding resource exploration.

Based in Vancouver, Klondike Gold Corp is focused on exploring and developing its Lone Star Gold project in Yukon, Canada. The asset is a district-scale, 557 square kilometre property at the confluence of Bonanza and Eldorado Creeks.

In addition to the Lode Star zone, Klondike is actively exploring the Nugget zone, where earlier drilling identified near-surface gold intersections of 2.36 g/t over 22.86 metres.

--Contact Angela Harmantas at angela@proactiveinvestors.com

--Follow her on Twitter @AHarmantas

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Tue, 19 Mar 2019 09:00:00 -0400 https://www.proactiveinvestors.com/companies/news/216760/klondike-gold-raises-21m-in-first-tranche-of-private-placement-216760.html
<![CDATA[Media files - Klondike Gold sharing story with investors at PDAC in Toronto ]]> https://www.proactiveinvestors.com/companies/stocktube/12468/klondike-gold-sharing-story-with-investors-at-pdac-in-toronto-12468.html Tue, 05 Mar 2019 14:14:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12468/klondike-gold-sharing-story-with-investors-at-pdac-in-toronto-12468.html <![CDATA[News - Klondike Gold Corp to raise up to C$2.75 million to boost exploration at Yukon projects ]]> https://www.proactiveinvestors.com/companies/news/214994/klondike-gold-corp-to-raise-up-to-c275-million-to-boost-exploration-at-yukon-projects-214994.html Klondike Gold Corp (CVE:KG) (OTCMKTS:KDKGF) said Wednesday it is aiming to raise up to C$2.75 million by way of a non-brokered private placement to bolster the company's exploration and development of the company's Yukon projects. 

Klondike is focused on exploring the Lone Star Gold target at the confluence of Bonanza and Eldorado creeks, within a 557 sq/km property located on the outskirts of Dawson City, Yukon within the Tr'ondek Hwech'in First Nation traditional territory. 

The company said the placement will be a mix of flow-through funds and non-flow-through funds. 

READ: Klondike Gold identifies extensive gold soil anomalies at Yukon property

The flow-through placement will consist of the sale of flow-through shares at C$0.22 per unit, consisting of one common share and one share purchase warrant. A flow-through vehicle passes income to investors to avoid double taxation.

The non-flow-through placement will consist of the sale of units at a price of C$0.20 per unit, consisting of one common share and one share purchase warrant.

The company said each warrant will entitle the holder to purchase one common share at a price of C$0.35 per common share for a period of three years from closing and that finder's fees may be paid.

Funds raised will go towards continued exploration and development of the company's Yukon projects and for general working capital

All securities issued under the placement will be subject to a four-month hold period from the date of issue in compliance with applicable securities laws. The placement is subject to final acceptance of the TSX Venture Exchange.

Shares of Klondike Gold were at C$0.19 on Wednesday. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Wed, 20 Feb 2019 17:23:00 -0500 https://www.proactiveinvestors.com/companies/news/214994/klondike-gold-corp-to-raise-up-to-c275-million-to-boost-exploration-at-yukon-projects-214994.html
<![CDATA[News - Klondike Gold identifies extensive gold soil anomalies at Yukon property ]]> https://www.proactiveinvestors.com/companies/news/214573/klondike-gold-identifies-extensive-gold-soil-anomalies-at-yukon-property-214573.html Klondike Gold Corp (CVE:KG) (OTCMKTS:KDKGF) said Wednesday results from last year's regional exploration programs across its wholly owned Klondike district property in the Yukon included the identification of extensive gold soil anomalies.

The work included airborne magnetic and radiometric surveying, soil surveying, geological mapping, structural mapping and prospecting.

Klondike is focused on exploring the Lone Star Gold target at the confluence of Bonanza and Eldorado creeks, within the 557-square-kilometer property.

READ: Barrick shares drop after mining giant misses 4Q Wall Street revenue estimate

The Rabbit fault was identified from an airborne survey, and nine significant gold soil anomalies were identified near that fault through the length of the Klondike property.

The nine anomalies range from between 1 kilometer and 4 kilometers in length, and the previously identified gold soil anomaly associated with the Lone Star Zone has been extended by the 2018 survey along strike in both directions to 4 kilometers in length, the company said.

Meanwhile, three distinct gold soil anomalies were identified in the region of Quartz Creek, while five distinct gold soil anomalies are in the Sulphur Creek to Gold Run Creek area.

Lithologic mapping

Klondike also revealed that lithologic mapping had defined the domains of major units and identified individual units such as ultramafics and lamprophyre dykes marking deep crustal faults, which are important elements in an orogenic gold model.

In addition, prospecting has shown numerous historic bedrock workings, visible gold occurrences and gold-bearing rock grab samples throughout the Klondike district, beyond the gold mineralization identified by recent drilling, said the company.

Shares were unchanged at C$0.19 in Toronto and US$0.14 on the OTC Markets.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Wed, 13 Feb 2019 11:05:00 -0500 https://www.proactiveinvestors.com/companies/news/214573/klondike-gold-identifies-extensive-gold-soil-anomalies-at-yukon-property-214573.html
<![CDATA[Media files - Klondike Gold drills nine holes on Lone Star Zone of Klondike District Property ]]> https://www.proactiveinvestors.com/companies/stocktube/11925/klondike-gold-drills-nine-holes-on-lone-star-zone-of-klondike-district-property-11925.html Mon, 21 Jan 2019 13:45:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11925/klondike-gold-drills-nine-holes-on-lone-star-zone-of-klondike-district-property-11925.html