on Klondike Gold Corp. (CVE:KG)
Klondike Gold Advances Mineral Resource Update and Reports Royalties
Klondike Gold Corp. has announced the completion of its 2026 diamond drilling program at the Klondike District Project in Yukon, Canada. The company is working towards an updated Mineral Resource Estimate (MRE), set for the first half of 2027, which will incorporate drilling results from 2022 to 2026. Pending analytical results are contributing to delays.
The 2026 drilling consisted of 12,446 meters over 60 holes, focusing on extending mineralization at the Lone Star Zone. Results from this program remain pending due to high demand for lab services and separate analytical methods required for gold and tellurium.
Additionally, Klondike Gold reports increased royalties from placer operations at the Montana Creek Placer Property, with cumulative 2026 receipts reaching 513.1 ounces before October 15. The firm received $497,000 from the exercise of warrants and stock options, supporting its exploration initiatives.
R. P.
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