CA Market News
1週前
Klondike Gold Announces Receipt of Funds from Gold Royalty Payments and Warrants ExerciseJune 1, 2026 8:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / June 1, 2026 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ("Klondike Gold" or the "Company") is pleased to report receipt of funds in the first quarter of YE2027 from exercise of warrants and stock options and receipt of gold royalty payments from Armstrong Mining Corp in respect of placer mining operations at the Montana Creek Placer Property1 within the Company's 100%-owned Klondike District Project, located in the Dawson mining district of Yukon Territory, Canada.Highlights:Received a cash payment of $15,581.31 in May representing royalty payment due from "clean up" of 2025 late season gold bearing heavy mineral concentrates processed in May 2026 from the Montana Creek Placer Mine1.Received 39.9 raw ounces of (unrefined) flake gold from three royalty payments derived from gold recovered during May 2026 mining operations at the Montana Creek Placer Mine1. The approximate weight received as physical credited to the Company's demand account is 26.3 oz refined gold after smelting, fees, applicable taxes and royalty charges.Received a total of $560,363.25 from the exercise of an aggregate of 3,595,755 warrants and stock options up to the end of May 2026."The Klondike Gold team recently completed a tour of the Montana Creek Placer Property facilities and mining site and the operational progress we saw there is remarkable. We are confident the 2026 season productivity projections are on track and the operation is running optimally. For me personally it was a very informative and impressive tour." commented Peter Tallman, President and CEO of Klondike Gold Corp. "We also appreciate our shareholders support with warrant exercises and the capital that this brings to the Company."The Company intends to apply cash and proceeds from warrant and option exercises and any future sale of the received gold toward advancing the 2026 bedrock exploration and drilling program underway now3 designed to support an updated and expanded gold mineral resource estimate ("MRE")2 and for general corporate purposes.The Klondike District Project covers a 727 square kilometer district-scale land package encompassing the entirety of the historic Klondike Goldfields placer district where the Company has documented numerous bedrock gold showings and related structures associated with a major orogenic-style gold mineralized system.QUALIFIED PERSONThe technical and scientific information contained within this news release has been reviewed and approved by Peter Tallman, P.Geo., President and CEO of Klondike Gold and Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure of Mineral Projects. Detailed technical information, specifications, analytical information and procedures can be found on the Company's website.About Klondike Gold Corp.Klondike Gold Corp. is a Canadian exploration company focused on the advancement of its 100%-owned Klondike District Project in Yukon Territory, one of the world's most historically significant placer gold districts. The Company is focused on discovering and developing large-scale gold resources through systematic exploration and geological modeling. The Company also maintains a mining production royalty interest in the currently active Montana Creek Placer Property1.ON BEHALF OF KLONDIKE GOLD CORP."Peter Tallman"Peter Tallman,
President and CEOFOR FURTHER INFORMATION:
Telephone: (604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.comNeither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsCertain statements contained in this news release constitute "forward-looking statements". When used in this document, the words "anticipated", "expect", "estimated", "forecast", "planned", and similar expressions are intended to identify forward-looking statements or information. These statements are based on current expectations of management; however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. Klondike Gold does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.Forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices and changes in the Company's business plans. In making the forward looking statements in this news release, the Company has applied several material assumptions that the Company believes are reasonable, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. The Company seeks safe harbor.For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.1 Refer to the Company's News Release "Klondike Gold Receives $500,000 for Lease of Montana Creek Placer Property dated March 3, 2025 found on the Company's website at: https://www.klondikegoldcorp.com/klondike-gold-receives-500000-for-lease-of-montana-creek-placer-property.2 The Mineral Resource Estimate for the Klondike District Property was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI 43-101. The technical report supporting the Mineral Resource Estimate entitled "NI 43-101 Technical Report on the Klondike District Gold Project, Yukon Territory, Canada" has been filed on SEDAR+ at www.sedarplus.ca effective November 10, 2022. Refer to news release of December 16, 2022.3 Refer to the Company's News Release "Klondike Gold Announces 2026 Diamond Drilling Program Underway to Update and Expand Gold Mineral Resources dated May 26, 2026 found on the Company's website at https://www.klondikegoldcorp.com/klondike-gold-announces-2026-diamond-drilling-program-underway-to-update-and-expand-gold-mineral-resources/ and filed on SEDAR+ at www.sedarplus.ca.SOURCE: Klondike Gold Corp.View the original press release on ACCESS NewswireOriginal: Klondike Gold Announces Receipt of Funds from Gold Royalty Payments and Warrants Exercise
CA Market News
2週前
Klondike Gold Announces 2026 Diamond Drilling Program Underway to Update and Expand Gold Mineral ResourcesMay 26, 2026 8:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / May 26, 2026 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ("Klondike Gold" or the "Company") is pleased to announce that its 2026 diamond drilling program has commenced at the Company's 100%-owned Klondike District Project, located in the Dawson mining district of Yukon Territory, Canada.The 2026 program is designed to support an updated and expanded gold mineral resource estimate1 based upon the Company's initial 2022 mineral resource estimate ("MRE"). Drilling will focus on expanding known mineralized zones, increasing resource confidence through infill drilling, and testing extensions of near-surface gold mineralization along the Company's extensive structural corridor.The initial fully funded campaign is expected to include approximately 8,000 metres of diamond drilling across priority targets within the Company's flagship Lone Star and Stander Zones, as well as adjacent prospective areas, with completion anticipated by July 2026. An additional phase of up to 5,000 meters of diamond drilling is planned later in the season following assessment of initial results.The 2026 program builds on successful prior exploration campaigns that identified broad intervals of orogenic style gold mineralization associated with quartz vein stockworks and altered host rocks."Our 2026 drilling campaign marks an important step toward advancing and growing the gold resources outlined in the 2022 MRE," said Peter Tallman, President and CEO of Klondike Gold Corp. "We believe significant opportunities remain to expand mineralization along strike and at depth within the district-scale property package, including follow-up on results from 137 additional drill holes totalling more than 19,000 meters reported subsequent to the 2022 resource estimate. This program is designed to systematically unlock additional value while advancing the project toward future development studies."In addition to resource expansion objectives, the program will gather geological, structural, and metallurgical data intended to support future engineering and economic evaluations. Assay results from the program are expected to be released on an ongoing basis throughout the 2026 exploration season.The Klondike District Project covers a district-scale land package encompassing the entirety of the historic Klondike Goldfields placer district where the Company has documented numerous gold showings and related structures associated with a major orogenic-style gold mineralized system.About Klondike Gold Corp.Klondike Gold Corp. is a Canadian exploration company focused on the advancement of its 100%-owned Klondike District Project in Yukon Territory, one of the world's most historically significant placer gold districts. The Company is focused on discovering and developing large-scale gold resources through systematic exploration and geological modeling. The Company also maintains a mining production royalty interest in the currently active Montana Creek Placer Property2.ON BEHALF OF KLONDIKE GOLD CORP."Peter Tallman"Peter Tallman,
President and CEOFOR FURTHER INFORMATION:
Telephone: (604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.comNeither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsCertain statements contained in this news release constitute "forward-looking statements". When used in this document, the words "anticipated", "expect", "estimated", "forecast", "planned", and similar expressions are intended to identify forward-looking statements or information. These statements are based on current expectations of management; however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. Klondike Gold does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.Forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices and changes in the Company's business plans. In making the forward looking statements in this news release, the Company has applied several material assumptions that the Company believes are reasonable, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. The Company seeks safe harbor.For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.1 The Mineral Resource Estimate for the Klondike District Property was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI 43-101. The technical report supporting the Mineral Resource Estimate entitled "NI 43-101 Technical Report on the Klondike District Gold Project, Yukon Territory, Canada" has been filed on SEDAR+ at www.sedarplus.ca effective November 10, 2022. Refer to news release of December 16, 2022.2 Refer to the Company's News Release of January 7, 2026 and filed on SEDAR+ at www.sedarplus.ca.SOURCE: Klondike Gold Corp.View the original press release on ACCESS NewswireOriginal: Klondike Gold Announces 2026 Diamond Drilling Program Underway to Update and Expand Gold Mineral Resources
CA Market News
2月前
VIDEO - BTV Visits the Yukon: 7 Companies Advancing Growth: Banyan Gold, Fuerte Metals, Sitka Gold, White Gold, Klondike Gold, Cascadia Minerals & Silver NorthApril 15, 2026 10:00 AM
NewsfileWatch on BNN Bloomberg nationalWednesday, April 15 at 7:30 PM EST & Saturday, April 18 at 8 PM EST Tune into BTV and Discover Investment Opportunities. Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - As global demand for critical minerals and precious metals accelerates, BTV - Business Television highlights companies operating in Yukon that are advancing exploration, scaling resources, and positioning for long-term growth in one of Canada's most active mining regions.Banyan Gold Corp. (TSXV: BYN) (OTCQB: BYAGF) - Scale is already part of the story. With over 8 million ounces defined and a 50,000 metre drill program underway, Banyan Gold is advancing one of Yukon's larger near-surface gold systems. Backed by a strong treasury and a pending economic study, the company is advancing toward development while continuing to expand its footprint across a largely under-explored land package.Fuerte Metals (TSXV: FMT) (OTCQB: FUEMF) - A previously advanced asset is getting new momentum. Fuerte Metals is progressing a large-scale Yukon gold project with approximately 3 million ounces defined and a clear path toward construction. With infrastructure development underway and a potential production timeline in sight, the company is on track to become one of Yukon's next gold producers.Sitka Gold Corp. (TSXV: SIG) (OTCQX: SITKF) (FSE: 1RF) - One of Yukon's largest drill campaigns is now underway. Sitka Gold is advancing a growing multi-million ounce resource with a fully funded 60,000 metre program designed to define the scale of a district-sized gold system. As exploration advances, the company is moving closer to development-stage milestones while maintaining strong upside across its broader land position.White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) - District-scale ambition meets systematic execution. White Gold is advancing approximately 3 million ounces across one of the largest land packages in the Yukon, supported by a major drill program and a pending economic study. With strategic backing and multiple targets, the company is building a long-term pipeline for resource growth and development.Klondike Gold Corp. (TSXV: KG) (OTCQB: KDKGF) - A historic gold district is being reinterpreted through modern exploration. Klondike Gold is advancing a large land package anchored by a remarkable find the bedrock source behind over a century of placer gold production. With a defined resource, active drilling, and more than 100 additional targets, the company is building toward district-wide potential.Cascadia Minerals Ltd. (TSXV: CAM) - Strong drill consistency is driving the next phase of growth. Cascadia Minerals is advancing a copper-gold project in Yukon with a defined resource and a 15,000 metre drill program aimed at expansion. Infrastructure advantages and strategic investment, are giving the company a credible foundation for larger-scale development in a proven mining region.Silver North Resources (TSXV: SNAG) (OTCQB: TARSF) - Discovery is taking center stage in a historic silver camp. Silver North Resources is advancing high-grade exploration in Yukon with multiple new discoveries and a fully funded program through 2027. Through continued drilling and a strategic partnership advancing additional assets, the company is defining a new generation of silver deposits.About BTV - Business Television / BTV The Agency:For 28 years, BTV - Business Television has been the go-to half-hour investment show for savvy investors, delivering exclusive on-location interviews and actionable insights with emerging companies, industry leaders, and market experts. Hosted by Taylor Thoen and Jessica Katrichak, BTV provides investors with direct access to executive teams and compelling investment opportunities not found anywhere else.Discover Investment Opportunities.Watch BTV Episode; BROADCAST NETWORKS and TIMES: CANADA:
Airing on BNN Bloomberg!Wednesday, April 15 @ 7:30pm ETSaturday, April 18 @ 8:00pm ET US National TV:
Biz Television Network - Sun, April 19 @ 1:00pm ETMon, April 20 @ 8:30am ETTues, April 21 @ 8:30pm ET & 11:30pm ETBTV The Agency is a capital markets-focused TV production and digital marketing agency serving publicly traded and financial companies. Through strategic content creation and extensive distribution across top-tier networks including Bloomberg, CNBC, FOX Business News, and leading financial platforms, the agency helps companies reach investors, advisors, and institutions-building brand credibility and driving national retail and institutional investor awareness.Take action now: Know a company investors should be watching?
Put them in front of thousands of active investors on BTV.Contact us directly at (604) 664-7401 or info@b-tv.com. Don't miss a beat-stay informed and ahead of the market by subscribing to BTV news today.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292627
Original: VIDEO - BTV Visits the Yukon: 7 Companies Advancing Growth: Banyan Gold, Fuerte Metals, Sitka Gold, White Gold, Klondike Gold, Cascadia Minerals & Silver North
CA Market News
3月前
Klondike Gold Closes $3,086,959 Non-brokered Financing to Expand 2026 Drill ProgramsFebruary 26, 2026 8:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / February 26, 2026 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ("Klondike Gold" or the "Company") is pleased to announce that the Company has closed a non-brokered private placement financing, raising $3,086,959 (the "Private Placement").Peter Tallman, President and CEO of Klondike Gold comments "We are energized with the growing support from our strategic investors providing funding for aggressive plans to expedite the resource expansion and development within our Klondike District Gold Project. The financing announced today, in conjunction with this season's forecast royalty payments from the Montana Creek Placer Mine, will enable us to more than double our seasonal average drilling meterage and fund work. The Company's ‘first ever' NI43-101 mineral resources only included drilling completed to the end of 2021. Klondike Gold has since completed 137 drill holes for 19,137 meters drilled (through 2025) targeting step-outs of known mineralized areas. Our now fully funded plans in 2026 include a further 8,000 meters of drilling targeting step-outs to mineralized zones.The objective of this years' focussed drill program will culminate in early 2027 with a planned update of NI43-101 mineral resources from drilling through 2026 drill within our Lone Star and Stander deposits and potentially including new discoveries as well."Upon closing the Private Placement, the Company issued 20,579,729 units at a price of $0.15 per unit, with each unit comprised of one common share and one common share purchase warrant. The 20,579,729 warrants issued have an exercise strike price of $0.20 per share for a period of 2 years (February 25, 2028).All securities issued in connection with the Private Placement are subject to a four month and one day statutory hold period expiring on June 26, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.Four insiders of the Company participated in the Private Placement and acquired an aggregate of 990,000 units. The purchases by these insiders constitute "related party transactions" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuances are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as they are distributions of securities for cash and the fair market value of the units issued to, and the consideration paid by, the insiders did not exceed 25% of the Company's market capitalization. No new insiders were created, nor any change of control occurred, as a result of closing the Private Placement.The Company intends to use the proceeds from the Private Placement to continue exploration and development of the Company's Yukon properties, as well as for general working capital.ABOUT KLONDIKE GOLD CORP.Klondike Gold is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. Multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company has identified a Mineral Resource Estimate of 469,000 Indicated and 112,000 Inferred gold ounces1, a milestone first for the Klondike District. The Company is focused on exploration and development of its 727 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, Yukon, within the Tr'ondëk Hwëch'in First Nation traditional territory.ON BEHALF OF KLONDIKE GOLD CORP."Peter Tallman"Peter Tallman
President and CEOFOR FURTHER INFORMATION:Telephone: (604) 609-6110
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Certain statements contained in this news release constitute "forward-looking statements". When used in this document, the words "anticipated", "expect", "estimated", "forecast", "planned", and similar expressions are intended to identify forward-looking statements or information. These statements are based on current expectations of management, however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. Klondike Gold does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.Forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices and changes in the Company's business plans. In making the forward looking statements in this news release, the Company has applied several material assumptions that the Company believes are reasonable, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. The Company seeks safe harbor.For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.1 The Mineral Resource Estimate for the Klondike District Property was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI 43-101. The technical report supporting the Mineral Resource Estimate entitled "NI 43-101 Technical Report on the Klondike District Gold Project, Yukon Territory, Canada" has been filed on SEDAR at www.sedarplus.ca effective November 10, 2022. Refer to news release of December 16, 2022.SOURCE: Klondike Gold Corp.View the original press release on ACCESS NewswireOriginal: Klondike Gold Closes $3,086,959 Non-brokered Financing to Expand 2026 Drill Programs
ernie44
4年前
$$$$ Paid to Atlantic Zinc Resources Limited, a company wholly-owned by Peter Tallman, pursuant to a consulting agreement with the
Company dated January 1, 2022 (see "Employment, Consulting and Management Agreements" below).
(4) Ms. Kaloti has served as CFO of the Company since February 13, 2020 and Corporate Secretary of the Company since January 29, 2019.
(5) The Company paid to Fiore Management & Advisory Corp. (?FMAC?) a corporate administration consulting fee of $155,167 and
$170,299 for the years ended February 28, 2022 and February 29, 2021 respectively. Ms. Kaloti is an employee of FMAC.
(6) Gordon Keep has been a director of the Company since December 4, 2013.
(7) John Pallot has been a director of the Company since December 4, 2013.
(8) Steven Brunelle has been a director of the Company since February 18, 2014.
(9) Anne Labelle has been a director of the Company since November 25, 2021.
(10) Tara Christie served as a director of the Company from September 13, 2016 to November 25, 2021.
DIRECTOR AND NAMED EXECUTIVE OFFICER COMPENSATION
The following information is presented in accordance with Form 51-102F6V ? Statement of Executive
Compensation ? Venture Issuers and provides details of all compensation for each of the directors and
NEO of the Company for the years ended February 28, 2022 and February 28, 2021.
During the financial years ended February 28, 2022 and February 28, 2021, the Company had the following
NEO?s: Peter Tallman, President and CEO and Jasvir Kaloti, CFO and Corporate Secretary. There were no
other executive officers of the Company who individually earned more than $150,000 in total
compensation.
(1) Each option entitles the holder to acquire one Common Share upon exercise. All options vest on the date of grant.
(2) As at February 28, 2022, Mr. Tallman held a total of 2,325,000 options.
(3) As at February 28, 2022, Ms. Kaloti held a total of 275,000 options.
(4) As at February 28, 2022, Mr. Keep held a total of 1,450,000 options.
(5) As at February 28, 2022, Mr. Pallot held a total of 1,450,000 options.
(6) As at February 28, 2022, Mr. Brunelle held a total of 900,000 options.
(7) As at February 28, 2022, Ms. Labelle held Nil options.
(8) As at February 28, 2022, Ms. Christie held a total of 1,250,000 options.
AZRL is paid a base fee rate of $12,500 per month (the ?AZRL Base Fee?), subject to annual
review by the Board. AZRL is also eligible for an incentive fee and the grant of Options as determined by
the Board at its discretion.
1. If the Company terminates the AZRL Agreement at any time without cause or reason by written
notice to AZRL (the "Termination Notice"), the Company shall pay AZRL a termination fee equal
to 24 months of the Base Fee plus any Accrued Obligations; and
2. In the event that during the term of the AZRL Agreement there is a successful takeover bid of the
Company or a change of control in the Company resulting from a merger by way of an
amalgamation or plan of arrangement or if any shareholder except existing shareholders acquires
in excess of 50% of the common shares of the Company, then at the option of AZRL or the
Company at any time within 60 days of such event will be entitled to terminate the AZRL
Agreement and within 30 days after the Date of Termination the Company shall pay AZRL the
Accrued Obligation together with a termination fee equal to 24 months Base Fee payable
hereunder plus an amount that is equivalent to all cash bonuses paid by the Company to AZRL in
the past 24 months.
AJ17
9年前
28/09/17
Vancouver, British Columbia, Canada, September 28, 2017, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) announces drill assay results from four holes at the Lone Star target while drilling continues with two rigs within the Company’s 527 square kilometer Klondike district property, Yukon Territory.
Klondike Gold President Peter Tallman states: “Current drilling is focused on testing several roughly parallel structural zones; the Bonanza Fault, Nugget Fault, and the Eldorado Fault. These multi-kilometer long fault zones host gold mineralization that likely originated as extensional splays from deeper-seated (underlying) regional-scale thrust faults. The Company’s insight and understanding of the numerous geologic controls/influences on the gold depositional processes within the historic Klondike district is steadily evolving and continues to firmly demonstrate exploration potential for bedrock gold deposits.”
Summary
Drilling along the Bonanza Fault up to LS17-139 has now tested a total strike length of 4 kilometers, up from 2 kilometers disclosed previously. The objective of this drilling is to investigate the extent of gold mineralization associated with the currently known strike length of the Bonanza Fault.
Drilling has commenced to test the parallel Nugget Fault structure over a total strike length of 4 kilometers also. The objective of this drilling is to investigate the gold mineralization, character, and extent along strike from the Company’s Nugget Zone (see NR July 14, 2016) on a parallel structure to the Bonanza Fault.
Drilling is contemplated to test the parallel Eldorado Fault structure. Drilling is also contemplated and weather permitting to test the Company’s Gold Run area located 55 km away along strike at the other end of the Klondike district property.
Assay results reported here begin to demonstrate the down-dip character of the Lone Star target along the Bonanza Fault structural zone.
Summary of Gold Intercepts Discussed in this News Release:
Section (m) Hole ID From (m) To (m) Au g/t Interval (m)
45 LS17-81* 5.5 46.62 2.1 41.12
45 LS17-106 10.00 38.50 1.0 28.50
45 LS17-101 34.00 51.50 0.5 17.50
345 LS17-64* 29.50 54.00 1.5 24.50
380 LS17-108 12.75 66.10 0.7 53.25
Including 12.75 38.40 0.9 25.65
440 LS17-109 21.50 28.70 0.9 7.20
*previously reported. All holes listed are drilled at -50 degrees, 200 azimuth. All intervals are approximately true thickness. (See NR August 1, 2017 for section meterage.)
Discussion
Drilling within the Lone Star target has indicated multiple closely spaced, parallel subzones of gold mineralization with 20 meters to 40 meters separation. Previous interpretation had contemplated one continuous zone of mineralization over the 800 meter strike length drilled so far at Lone Star. New interpretation contemplates as many as four. Investors are cautioned that interpretation is evolving as assay results are received and correlated, and is subject to change.
New assays for holes LS17-106 and LS17-101 are reported here.
The western extent of the Lone Star target is presently known by previously reported LS17-81 which intersected 2.1 g/t Au over 41.1 meters. LS17-106, a 30 meter undercut of LS17-81, intersected 1.0 g/t Au over 28.5 meters. LS17-101, a 30 meter undercut of LS17-106, intersected 0.5 g/t Au over 17.5 meters. These intercepts are approximately the true thickness. This subzone is interpreted to be the most southerly.
The weighted average grade of samples from all three drill holes is 1.4 g/t Au. Gold mineralization outcrops at surface over 50 meters on section, has a drilled down-dip extent of 90 meters, a 60 meter vertical depth extent, and remains open. The implied dip is 40 degrees which is parallel to the Bonanza Fault.
New assays for holes LS17-108 and LS17-109 are reported here.
LS17-108 and LS17-109 are located 360 meters and 405 meters respectively along strike testing the same subzone tested by LS17-81, LS17-106, and LS17-101. The eastern extent of the subzone is presently known by previously reported LS16-64 which intersected 1.5 g/t Au over 24.5 meters. LS17-108, a 45 meter step-out to the east, intersected 0.9 g/t Au over 25.65 meters within a broader interval of 0.7 g/t Au over 53.25 meters. LS17-109, a 45 meter further step-out to the east, intersected 0.9 g/t Au over 7.2 meters. These intercepts are approximately the true thickness. This subzone is interpreted to be the most southerly.
Ongoing Exploration Work
The Company’s Klondike property has identified orogenic gold mineralization with gold introduced regionally by a series of major thrust faults acting as conduits. At the Lone Star target, the primary control for gold mineralization is considered to be the Bonanza Fault, a prominent regionally significant structure controlling deposition of gold mineralization. The Bonanza Fault is expressed as a magnetic low (‘break’) which has at least a 7 kilometer length in the Company’s detailed ground magnetics survey data and extends beyond the limit of area currently surveyed.
Field work in progress includes magnetics surveying which is attempting to trace the suspected extension of the Bonanza Fault signature further to the southeast. This work has been contracted to Aurora Geophysics of Whitehorse, YT.
The Company has so far identified two other magnetic low (‘breaks’) termed the Nugget Fault and Eldorado Fault respectively, each with approximately 7 kilometer lengths defined in ground magnetics surveying which parallel the Bonanza Fault. The Nugget Fault hosts the Nugget gold target (see NR July 14, 2016) and the Eldorado Fault hosts the Gay Gulch gold target (see NR October 26, 2015).
Drilling Update
Drilling is ongoing with two drill rigs implementing the Phase 3 program. A total of approximately 4,000 meters of drilling for 40 holes is planned, notionally divided into 20 holes for 2,000 meters for each drill.
Results from Phase 2 drilling LS17-100 to LS17-117 are expected shortly, beginning with results reported here. Results for holes LS17-92 to LS17-94 are dependent for interpretation on the results of LS17-112 and LS17-113, and are the last remaining holes to report from the Company’s Phase 1 drilling. These holes targeted the eastern end of the Lone Star target laminated schist unit.
Drilling is ongoing with two drill rigs. Drilling along the Bonanza Fault up to LS17-139 has now tested a strike length of 4 kilometers, up from 2 kilometers disclosed previously. The objective of this drilling is to investigate the extent of gold mineralization associated with the strike length of the Bonanza Fault.
Drilling has commenced to test the parallel Nugget Fault structure over a total strike length of 4 kilometers also. The objective of this drilling is to investigate the gold mineralization, character, and extent along strike from the Company’s Nugget Zone on a parallel structure to the Bonanza Fault.
Drilling is contemplated to test the parallel Eldorado Fault structure. Drilling is also contemplated, contingent upon road conditions and weather, to test the Company’s Gold Run area located 55 km away along strike at the other end of the Klondike district property.
Turn-around time for laboratory assays has been unusually long over the past weeks but is improving. Logging and sampling of holes by Company personnel is underway and will continue into November. It is still anticipated that some drill assay results will become available for release in January.
Drilling plan view maps and sections are available on the Company’s website here.
Drill Core and Assay Protocols 2017
All drill holes are photographed wet. Magnetic susceptibility, foliation, and rock quality determination (“RQD”) measurements are systematically collected. All cross-cutting (potentially mineralized) quartz veins and adjoining alteration envelopes are individually photographed. Core logging records lithology, structure, and alteration. Visible gold is identified, measured, photographed, and then excluded from the assay sample for that interval. Assay samples from drill core are cut using a diamond saw. Half the core sample interval is bagged, tagged, and sealed; the other half is returned to the core box with a corresponding tag and retained for reference. Sample bags are aggregated into rice bags, sealed, and submitted by Klondike Gold personnel to Bureau Veritas Mineral Laboratories (“BV Labs”) (formerly Acme Labs) preparation facility in Whitehorse, YT with chemical analysis of sample pulps completed in Vancouver, British Columbia. Bureau Veritas Labs is an accredited ISO 9001:2008 full-service commercial laboratory.
At BV Labs each rock sample is crushed to 80% passing 2 mm size. A 500 g subsample is pulverized to >85% passing -75 microns size (Code PRP70-500). The 500 g subsample is then sieved to 106 microns (140 mesh) for “metallic screen” assaying. The plus 140 mesh fraction is then weighed and assayed for gold by fire assay (“FA”) fusion with a gravimetric finish (Code FS631). A 30 g subsample of the minus 140 mesh fraction is assayed for gold by fire assay (“FA”) fusion with an atomic absorption (“AA”) finish (Code FA430). All over-limit results in excess of 10 ppm (10 g/t) for both silver and gold are re-assayed using a 30 g subsample and assayed by FA with a gravimetric finish (Code FA530-Au/Ag). Total gold grade is then calculated using a weighted average of the plus and minus fraction assay results. Samples were also analyzed for multi-element chemistry by ICP-MS analysis (AQ201+U code). Samples over-limit in lead are rerun by a high-detection limit ICP-ES procedure (Code MA370). QA/QC includes the insertion and continual monitoring of Klondike Gold standards, blanks, and duplicates within each batch, in addition to BV Labs QA/QC samples. A description of sample and assay procedures and protocols are also disclosed on the Company’s website.
The technical and scientific information contained within this news release has been reviewed and approved by Peter Tallman, P.Geo, President of Klondike Gold Corp. and Qualified Person as defined by National Instrument 43-101 policy.
ABOUT KLONDIKE GOLD CORP.
Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon Territory. The Company is focused on exploration and development of the Lone Star gold target at the confluence of Bonanza and Eldorado Creeks, within a district scale 527 square kilometer property accessible by government maintained roads located on the outskirts of Dawson City, YT within the Tr’ondëk Hwëch’in First Nation traditional territory.
On behalf of Klondike Gold Corp.
“Peter Tallman”
President and CEO
(604) 609-6110
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
“This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. There has been insufficient exploration to define a mineral resource or mineral reserve and there are no current mineral resources or mineral reserves outlined on the property. There is no certainty that ongoing exploration will yield positive results.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required.
ComstockRoyalty
9年前
Bullish Bullish
http://www.klondikegoldcorp.com/klondike-gold-closes-5000000-private-placement-and-welcomes-eric-sprott-as-shareholder/
Vancouver, British Columbia, Canada, August 31, 2017, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) is pleased to report that the Company has closed the second tranche of its non-brokered private placement financing (the “Financing”) originally announced August 1, 2017 for gross proceeds of $2,110,040 in flow-through funds.
The Company has issued 6,206,000 flow-through units (“FT Units”) at the price of $0.34 per FT Unit for gross proceeds of $2,110,040. Each FT Unit is comprised of one common share (“Share”) which is a “flow-through” share for Canadian income tax purposes and a half-warrant, with each whole warrant exercisable at $0.45 per share until August 30, 2019 (“Warrant”). Finder’s fees associated with the second tranche closing were paid in the amount of $126,602.40 cash and 310,300 warrants having an exercise price of $0.34 per share until August 30, 2019. The securities issued in connection with this Financing will be subject to a statutory hold period which expires on December 31, 2017.
The net proceeds of the funds raised through the Financing will be used for exploration and development of Canadian mineral properties.
In total, 9,824,774 FT Units at a price of $0.34 per FT Unit for gross proceeds of $3,340,423, and 5,722,680 non flow though units at a price of $0.29 per non flow through unit for gross proceeds of $1,659,577 were issued in two tranches. The total gross proceeds of the private placement financing is $5,000,000.