Klondike Gold Mining Corp.

Published : December 18th, 2012

KG Corporate Newsletter - December 2012

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Klondike Gold Corp. Newsletter, December 2012
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NOTE TO
SHAREHOLDERS:

The Annual General Meeting of the Company is scheduled for December 18, 2012 at 1:00 pm to be held in the corporate offices at #711 - 675 West Hastings Street in Vancouver, B.C.
CANADA

Annual Meeting in Vancouver on December 18, 2012

The Annual Meeting of Klondike Gold Corp. will be a milestone of change as new management has the opportunity to report to shareholders on its progress in 2012 and the new direction intended for the company into next year's exploration season.

Importantly, the Company is on a good path forward and we are optimistic for the work ahead as we enter 2013.

Expanding the Vision for the Lonestar Project
 

The 2012 field season at the Lone Star Project has provided encouraging exploration results and positive direction for the 2013 season.

   

Importantly, our new approach to understand the major geological features and trends on the very large Lonestar property have resulted in a better understanding of important mineralized systems and occurrences that are now the target of specific surface exploration and upcoming intended drilling programs. 

 

The 2012 exploration program at Lone Star has focused on defining and understanding historical mining areas - including Boulder Lode, one of the first operating underground mines in the famous Klondike camp.  Our goal of improving the geological mapping contributed to a wide-scale exploration initiative throughout the summer.

 

Our team believes it is important to evaluate the significance of the entire claim block consisting of approximately 200 sq. km.  The strategically assembled land package covers more than 70% of the Bonanza-Eldorado catchment area, the source of roughly 50% of the approximately 20 million ounces of mostly placer gold recovered in Yukon since the Klondike Gold Rush over 100 years ago.

 

To assist shareholders and supporters with an understanding of this work there is a new Powerpoint Presentation available at the 

corporate website under Investors:  2012 Lonestar Project.  Please go to the Company website to view this and other important presentations now available.

 

Portugal Mining Project Signals New Corporate Direction
 
Management has consistently communicated it's intention to seek new projects of merit for Klondike Gold Corp.  For example, the company's application for a key exploration license has been accepted by the Portuguese Department of Energy & Geology for the Largares area, which covers about 80 km2 and includes the historic Castromil Gold Mine.

The Castromil Mine is located 21 km from Oporto, the second largest city in Portugal, and has been the site of historical mining activity dating back to the Roman period.

 

Mine Infrastructure at Indian River  Completed
 
Klondike Gold is pleased to announce that assembly of the initial placer mining infrastructure at Indian River is complete.  The placer gold project is a joint-venture mining operation now ready for a full operating season in 2013.

Airview-Indian River-Aug-2012.jpg
Aerial View of the Indian River Gold Mine looking SE

Indian River-Temp PlantSite-2012-reduced.jpeg
Preliminary production facility, August 2012

 

SE British Columbia is a Strategic Asset
 
During the past two decades Klondike Gold Corp. pursued a persistent process of accumulating mineral claims in SE B.C. in two different categories, being gold projects and poly-metallic (base and precious metals) projects.

The famous Sullivan Mine is one of the most significant poly-metallic mines in the world and is located on the west side of the Rocky Mountain Trench, in an area known as the Purcell Basin, also sometimes referred to as the Purcell Supergroup.  Ten of the fourteen B.C. properties are in this general area, with exploration targets for massive sulphide lead-zinc deposits and copper-gold targets.

BC-top-map-Purcell Basin.jpeg
Purcell Mountain Range outlined in red

Four of the projects lie to the west in the region of the Kootenay Range
and all include historical producing gold mines that are now being explored using modern techniques.

Klondike Gold Corp. owns over 636 square kilometers of mineral claims in British Columbia and is actively exploring these holdings and seeking joint-venture partners to scale up the exploration approaches that the projects warrant.   

 

Take-Over Bid for Klondike Star Mineral Corporation
 
Klondike Gold Corp. is in the final stages of a take-over of Klondike Star Mineral Corporation. 

This acquisition will consolidate the ownership of important mineral claims in the Yukon into a 100% holding in favor of Klondike Gold Corp.  In addition, the Company will welcome up to 2,000 new shareholders who have shared the vision of finding new gold mines in Canada.

About Klondike Gold Corp.
 
Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia and Dawson City, Yukon. The Company is focused on the development of its Yukon and British Columbia gold properties. In addition the Company holds a large portfolio of base metal projects in southeastern British Columbia.

CONTACT INFORMATION

info@klondikegoldcorp.com
Erich Rauguth, President & CEO
Telephone:  +1-604-685-2222
www.klondikegoldcorp.com  

 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.


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Klondike Gold Corp. | 711-675 West Hastings Street | Vancouver | BC | V6B 1N2 | Canada
Data and Statistics for these countries : Canada | Portugal | All
Gold and Silver Prices for these countries : Canada | Portugal | All

Klondike Gold Mining Corp.

EXPLORATION STAGE
CODE : KG.V
ISIN : CA4989032020
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Klondike Gold is a gold exploration company based in Canada.

Klondike Gold holds various exploration projects in Canada.

Its main exploration properties are KOOTENAY KING, PIT, INDIAN RIVER, IRISHMAN, PAYDAY, VILLEBON, WAWA, KLONDIKE STAR / KLUANE (AKA LONE STAR), GOLDEN EGG, RED POINT, METEOR LAKE, INDIGO, IOCG CRANBROOK SOUTH, MATARROW MINE, CRUZ, JCD, ESQUEGA, RON GOLD GROUP, SPICE and CLUBINE in Canada.

Klondike Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 5.9 millions as of today (US$ 4.3 millions, € 4.0 millions).

Its stock quote reached its highest recent level on November 29, 1996 at CA$ 97.55, and its lowest recent point on August 18, 2023 at CA$ 0.08.

Klondike Gold has 65 650 000 shares outstanding.

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12/10/2007NEW SILVER-LEAD MINERALIZATION DISCOVERED
11/17/2007MAJOR ONTARIO EXPLORATION PROGRAM COMMENCED
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