Klondike Gold Corp. (TSX-V: KG) (the “Company”) is pleased to announce the acquisition by staking of the 15 Mile Silver City Property and provide an update of its ongoing review and compilation of historical work on the Lone Star Property.
Klondike Gold Corp. (TSX-V: KG)(the “Company”) is pleased to announce that it has entered into an option agreement with PJX Resources Inc. (“PJX”) The agreement allows PJX to obtain a 50% undivided interest to the Company’s Vine Project, located 11 kilometers southwest of Cranbrook, British Columbia. The Property encompasses 84 claims and covers an area of 6,301 hectares. Under the terms of the option PJX is committed to spending a total of $1,500,000 over five years on the property, of which $1,000,000 must be spent on drilling. PJX will also issue to the Company up to 200,000 shares.
Klondike Gold Corp. (TSX-V: KG) (the “Company”) confirms that it has started its 2012 exploration program with drilling between the historical Lone Star and Pioneer mines. The Company has signed a 1500 meter drilling contract with CanDrill Global Inc. of Prince Albert, Saskatchewan, designed to gain a better understanding of the geology and structure of the Lone Star deposit. Despite the efforts of previous operators, there is still insufficient data to produce a reliable geological model of the Lone Star deposit. The Company believes that the current drill program allows the development of a more complete model of the Lone Star deposit.
KLONDIKE GOLD CORP. (TSX-V:KG) (the “Company”) is pleased to announce that it has received conditional approval from the TSX Venture Exchange for its takeover bid for the shares of Klondike Star Mineral Corporation (“KSMC”) and that the management and Board of Directors of Klondike Star Mineral Corporation recently signed a letter of support for the Takeover Bid. The Company previously announced the proposed offer to exchange one share of Klondike Gold Corp. for four shares of Klondike Star Mineral Corporation in its news release dated March 1, 2012.
VANCOUVER, BC – KLONDIKE GOLD CORP. (TSX-V:KG) During the fall of 2011 a limited but important program of exploration was carried out on the Lone Star property under the direction Klondike Gold’s new management. This work focused on identifying the prime hosts (lithological and structural) for the gold mineralization on the property and to assist the company in identifying near surface, bulk tonnage targets in its forthcoming exploration planned for 2012.Work included a sample orientation (channel sampling) program on the Lone Star Zone. In addition, a broader based program of back-hoe supported pit sampling was completed along a distance of 10.4 kilometres in a south-easterly direction (Lone Star Ridge road) from the Lone Star Zone.
Klondike Gold Corp. (TSX.V: KG) (the “Company) is pleased to announce that it proposes to offer to acquire, by way of a take-over bid to be conducted in accordance with applicable regulatory requirements, a majority equity interest in the common voting shares of Klondike Star Mineral Corporation (“Klondike Star”), a publicly traded Delaware company. The Company will invite the shareholders of Klondike Star to exchange their common shares (the “Klondike Star shares”) for newly issued Klondike Gold Corp. (“Klondike Gold”) common shares on the basis of four (4) Klondike Star shares for one (1) share of Klondike Gold. The offer is subject to the tender of a sufficient number of Klondike Star shares to provide the Company with a minimum 66.6% interest in Klondike Star. The offer is also subject to acceptance for filing by the TSX Venture Exchange.
Klondike Gold Corp. (TSX.V: KG) is pleased to announce it has received acceptance for the final tranche of its private placement announced on October 18, 2011. This final tranche totaled 17,470,000 shares (priced at $0.10 per share) for total proceeds of $1,747,000.00. A finder’s fee of $20,520.00 was paid to Haywood Securities Inc. Together with the initial tranche (completed Dec. 29, 2011) this private placement raised $3,147,000.00 (inclusive of finders fee’s). The securities issued under the current private placement are subject to a four month hold.
Vancouver, BC; Klondike Gold Corp.(“the Company”), (TSX-V:KG) is pleased to announce that it has closed the private placement financing announced October 21st, 2011, and also the first tranche of the private placement financing announced October 18th, 2011, resulting in combined receipts of $1,898,000.
KLONDIKE GOLD CORP. (TSX-V: KG) is pleased to announce the appointment of Erich Rauguth to the positions of Director, President and CEO. Richard W. Hughes who has served the Company well for over 25 years has moved from President/CEO to the position of Chairman of the Board where he will continue to support the Company with his network of resource investors.
VANCOUVER, BC – KLONDIKE GOLD CORP. (TSX-V: KG) (the “Company”) is pleased to announce that it has arranged for a private placement consisting of up to 5,000,000 common shares at a price of $0.10 per share for total proceeds of up to $500,000. Up to 2,500,000 of the shares will be flow through shares.