on Klondike Gold Corp. (CVE:KG)
Klondike Gold Corp. Updates Exploration and Royalty Receipts
Klondike Gold Corp. has announced significant developments in its exploration efforts and royalty earnings. During the 2026 mining season, the company has received a total of 176.1 ounces of placer flake gold from Armstrong Mining Corp., a rise of 136.2 ounces since its previous announcement. Post-refinement, this converts to approximately 141 ounces of refined gold. These royalties stemmed from the Montana Creek Placer Property.
In exploration, Klondike Gold has completed Phase 1 of its 2026 drill program, covering 7,697.17 meters in 34 holes, aimed at extending the Lone Star Zone's mineral resources. Plans are underway for up to 20,000 meters of hyperspectral drill core scanning to better target gold-bearing structures. An updated Mineral Resource Estimate is anticipated in the first half of 2027.
The company plans a second drilling phase in September, subject to results from the initial assays. This comprehensive effort is set against Klondike's expansive 727 km² land package in the Yukon Territory, known for its historic placer goldfields.
R. H.
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