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Last C$0.14 CAD
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As of 3:55 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

klondike gold corp (KG) Snapshot

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klondike gold corp (KG) Details

Klondike Gold Corp., a resource exploration stage company, acquires and explores for mineral properties in Canada. The company primarily explores for silver, copper, lead, zinc, antimony, tin, and tungsten deposits, as well as base metals, precious metals, and diamonds. It holds interests in various properties located in British Columbia, Ontario, and Yukon, Canada. The company was founded in 1978 and is headquartered in Vancouver, Canada.

Founded in 1978

klondike gold corp (KG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

klondike gold corp (KG) Key Developments

Klondike Gold Corp. Commences 2015 Exploration Program on the Lone Star and Dominion Properties Near Dawson, Yukon Territory

Klondike Gold Corp. announced the commencement of the 2015 exploration program targeting gold-bearing quartz veins and newly identified fault structures on the Lone Star and Dominion Properties near Dawson, Yukon Territory. Klondike Gold has engaged GroundTruth Exploration Ltd. of Dawson, YT to complete magnetics and orthophotography surveys across the company's Yukon property areas. GroundTruth is using unmanned aerial drone technology to acquire ultra-high resolution imagery necessary to produce orthophotographic base maps and digital elevation models over key areas of interest. GroundTruth will also acquire magnetics data using ground "walking" magnetometer systems, which have high-sensitivity and zero environmental disturbance. Each of these geoscience programs are anticipated to continue through mid-summer. Klondike Gold's geology and prospecting crews have also begun field work. Near-term objectives will focus on resampling and structural mapping of old trenches followed by final remediation of these sites. Prospecting, mapping, and other follow-up surveys will utilize geoscience data generated by GroundTruth as it becomes available and will focus initially on known areas of gold- mineralized quartz veining. The remaining 2015 exploration season will consist of the collection of target specific geophysics, orthophotography, soil geochemistry, trenching, plus prospecting and mapping. The Company has budgeted for an initial test of approximately 1,000 meters of diamond drilling contingent upon continued positive detailed exploration results. Klondike Gold has working capital of approximately $1.2 million and is fully funded for 2015. Work has also resumed for the season at the McKinnon Creek placer property operated under lease for the second year by Todd Hoffman (Jerusalem Mining LLC). Under the terms of the lease, Klondike Gold receives a 20% gross (15% net) production royalty which in 2014 netted 202 ounces of placer gold to the Company. The McKinnon Creek placer mining operation is featured on the Discovery Channel show "Gold Rush". Season 6 of Gold Rush is currently being filmed for broadcast during the fall of 2015.

Klondike Gold Corp., Annual General Meeting, May 06, 2015

Klondike Gold Corp., Annual General Meeting, May 06, 2015., at 09:00 Pacific Standard Time. Location: Suite 3123 ­ 595 Burrard Street. Agenda: To receive and consider the audited financial statements of the company for the fiscal year ended February 28, 2014, together with the auditor's report thereon; to appoint Morgan LLP as the auditor of the company for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditor; to fix the number of directors for the ensuing year at four; to elect directors for the ensuing year; to re-approve the company's stock option plan; to approve the creation of a new control person; and to transact such other business as may properly be transacted at the meeting or at any adjournment thereof.

Klondike Gold Corp. Reports Gold Run Property Assays

Klondike Gold Corp. announced rock assay results from 37 prospecting samples on the Gold Run Property collected during the 2014 field program as part of a broader program evaluating the Lone Star, Dominion, and Gold Run Properties totaling 22,500 hectares area located near Dawson, YT, Canada. Klondike Gold owns a 100% interest of 1,228 quartz claims and 14 crown grants covering the western half of the Klondike placer goldfields. The company also reported the acquisition by staking of an additional 178 quartz claims totaling an additional 3,100 hectares adjoining or in the immediate area of the Lone Star and Dominion Properties. Nine prospecting samples of quartz veining had gold assays between 3.0 g/t and 26.4 g/t Au. (Prospecting samples are selective in nature; systematic test results may vary significantly.) Two prospecting samples contain visible gold. Quartz veins are the same generation of 'D4' veining found on the Lone Star and Dominion properties. Klondike Gold has completed acquisition by staking of an additional 178 quartz claims totaling an additional 3,100 hectares area. These claims cover portions of a fault network previously identified as 'D4' faults and this fault network appears to be a primary control on 'D4' gold-bearing quartz veins in Klondike area. Prospecting in 2014 was guided by interpreted magnetics and investigated areas of faulting with the objective of documenting gold-enriched quartz veins and distinguishing them from unmineralized quartz and carbonate veins. Thirty-seven prospecting samples of all types of quartz veins were collected for assay from throughout the 16.6 square kilometer Gold Run Property and submitted for analysis. Nine of these 2014 prospecting samples had a gold assay result ranging from greater than 3 g/t Au to 26.4 g/t Au. All nine samples contain anomalous silver. Prospectors identified visible gold in two samples of quartz vein boulders (ID # 1961686 and 1961693) located 25 meters apart while following up anomalous gold-in-soils in the northwest part of the property. Three samples of quartz veins in outcrop from different parts of Gold Run Creek assayed between 15.1 g/t and 24.8 g/t Au from cross-cutting narrow extensional quartz veins containing clots of pyrite. The NW soil anomaly area adjacent to the projected location of the main NNW-SSE shear remains an area of prospective interest. The extensional quartz veins of economic interest sampled at the Gold Run Property are ascribed to D4 veining; all have similar observed textural features, structural characteristics, and geochemistry, and are interpreted to be generated by an extensional fault system documented by Company and GSC airborne magnetics.


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