Klondike Gold Mining Corp.

Published : June 01st, 2012

KG Corporate Newsletter

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   MAY 2012 ISSUE
header

TSX.V: KG

 

Our Projects 

Indian River, YT
Clubine, BC
Red Point, BC
Hughes Range, BC
Kidd Star, BC
Lewis McNeil, BC
Panda - Irishman, BC
Pit Ash, BC
Quartz Mountain, BC
Thea Gold, BC
Vine Davent, BC
Cold Creek, BC

 

 

Important Links

 

 

Latest News

 

MAY 1, 2012

KLONDIKE GOLD OPTIONS SE BRITISH COLUMBIA PROPERTY

 

APRIL 18, 2012

DRILLING COMMENCES ON KLONDIKE GOLD'S LONE STAR PROJECT IN YUKON

 

APRIL 5, 2012
KLONDIKE GOLD CORP. ADVANCED CONSOLIDATION OF YUKON MINING INTERESTS

  

MARCH 8, 2012
KLONDIKE GOLD REPORTS INITIAL RESULTS FROM ITS FALL 2011 YUKON WORK PROGRAM


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KG Corporate Newsletter
This newsletter is the first in a series of communications to shareholders, investors and stakeholders interested in following the activities, progress and plans of Klondike Gold Corp.  The past year was extremely eventful for the Company, with management changes, strategic acquisitions and initial financings strengthening a commitment to explore and advance a highly prospective land package in the heart of Yukon's world-famous Klondike gold fields.
 
Our Golden Past

boulder-lode

Lone Star Mine, 1912-1914
Klondike Gold, which began life as Arbor Resources in 1978, was one of the first companies to assemble land in the Klondike based on the theory that the 20 million ounces of mostly placer gold recovered since the 1898 gold rush were derived from undetected lode (hard-rock) gold deposits. Company founder Richard Hughes went on to co-discover the Golden Giant gold mine in Ontario's Hemlo district in the early 1980s, yet he continued to explore properties in the Klondike camp near Dawson City for years afterwards.
A New Team With Yukon Roots
dd-ks05-2327
 
Klondike and Yukon Rivers meet at Dawson City, YT 
 
Richard Hughes retired to become Chairman of the Board in November, 2011 but his vision is being pursued by a new management team with extensive Yukon experience.  Long-time Yukon resident Eric Rauguth took his place as President and CEO of the Company, while Manfred Peschke, also a long-time Yukoner, joined the Board of Directors. They bring to the Company more than 70 combined years of mineral exploration and mining experience in North, Central and South America, notably with Carson Gold Corp., Vanessa Ventures Ltd., and Cogasa Mining Corp.
 
Revitalized Corporate Strategy
 
During the past year, Klondike Gold began a restructuring process and launched a new corporate strategy based on five key objectives:
  • build a strong management team and expand the shareholder base
  • consolidate and expand the Klondike land holdings 
  • generate value through exploration success 
  • seek partners for other projects
  • acquire advanced projects in mining-friendly jurisdictions
The following milestones were achieved as part of this revitalized growth strategy.
  • Team-Building and Investor Outreach:  A priority goal was to build a Yukon-focused management team that warrants the confidence of the investment community in order to attract new investors, including from Europe and the Middle East. Another important part of this initiative was assembling an experienced and respected exploration and operations team. As a result of these efforts, the Company welcomed a new group of sophisticated investors during its initial financings in late 2011 and early 2012, which have raised a total of $3.7 million to date.
     
  • Consolidate and Expand Assets:  In October 2011, the Company acquired privately held Lonestar Gold Inc. in order to consolidate its position over 700 quartz (lode) claims comprising the Lone Star property in the Klondike camp.  In the spring of 2012, the Company announced conditional approval for its takeover bid of Klondike Star Mineral Corporation, which will increase the Company's land position from 700 claims covering 130 square kilometers to approximately 1,100 claims covering 200 square kilometers. The consolidated land package - to be 100% owned - would cover more than 70% of the Bonanza/Eldorado catchment area, credited with providing more than half of the historic gold production in the Klondike.
     
  • Exploration and Geoscience:  Ongoing exploration will benefit from new research focused on understanding the geology and mineralization of the Klondike goldfields, and from almost $30 million of previous work conducted by the Company and its partners since 1987.  The data are being assimilated for the first-time ever in a single GIS-friendly database to guide exploration programs, which will initially focus on the Lone Star property.  A NI 43-101 technical report has been filed for this priority project.
     
  • Other Projects: Klondike Gold plans to advance and add value to its other projects, consisting mostly of base metal projects in British Columbia, through joint ventures with competent operators.
     
  • Project Evaluation: The Company will continue to evaluate advanced projects in mining-friendly jurisdictions, which, if acquired, would then be optioned to partners capable of financing and operating them.
An Early Start in 2012 with Yukon Exploration
drill-apr-17-2012

Drill Rig being located, April 2012
 
Klondike Gold is positioned for an exciting year ahead with its newly expanded, strategically assembled properties in the prolific Klondike gold fields.

 

The 130 square-kilometer Lone Star Project, an important asset of the Company, is one of five extensive zones of mineralization situated at the headwaters of the famous Eldorado and Bonanza Creeks where the Klondike Gold Rush began in the late 1890s. The project includes the site of the historic Lone Star Mine (1912-1914).

 

lonestar-plowing-road

 

Clearing snow in April for early start to exploration season 

 

The 2012 exploration program is currently underway.  It will include an initial 1,500 meters of drilling to test the geology, structure and mineralization of the Lone Star deposit and the nearby Pioneer zone, and also will test undrilled geophysical anomalies.
 
To learn more about Klondike Gold, visit our website at www.klondikegoldcorp.com
 
Yukon - A Top Destination for Mineral Investment
screen-shot-2012-05-26 

Key Projects of Klondike Gold Corp. (TSX.V: KG) 

 

Mineral-rich Yukon is one of the world's most favorable jurisdictions for investment in mineral exploration and mine development. In April, 2003  Yukon won its struggle for devolution in order to gain control over the development of its natural resources which previously were largely administered by the federal government in Ottawa. 

 

In addition to a century-long mining history, Yukon has the advantages of mostly settled native land claims, a highly favorable geological endowment and investment climate, and a streamlined Yukon-controlled mine-permitting process.

This  KG Newsletter is the first in a series of communications that serves to inform our shareholders and stakeholders that we are all part of an exciting mission to find and build mines.  We have a new team, made up of very experienced talent, and a new approach towards our work.  Regarding our principal project that seeks to find sources for the vast gold deposits of the historical Klondike Gold Fields, we approach our task with confidence and enthusiasm, at what may be the beginning of a "New Klondike Gold Rush".
We would like to hear from you.  Please contact us at info@klondikegoldcorp.com if you have a question, if you want to specify any changes to your contact information, or if you want to provide us with email addresses of persons that should be receiving these communications.
This email was sent to .com by info@klondikegoldcorp.com |  
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Klondike Gold Corp. | 711-675 West Hastings Street | Vancouver | BC | V6B 1N2 | Canada
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | 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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Corporate news of Klondike Gold Mining Corp.
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4/25/2016Klondike Gold Corp Announces Listing on the Frankfurt Stock ...
4/19/2016Klondike Gold Corp Announces Option Grant
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12/23/2015Klondike Gold Corp. Announces Closing of $416,500 Equity Fin...
12/15/2015Klondike Gold Announces Private Placement
11/3/2015Klondike Gold Receives $0.5 Million Royalty Payment for 2015
10/26/2015Klondike Gold Reports Remaining 2015 Drill Results; Intersec...
10/15/2015Klondike Gold Reports First 2015 Drill Results; Intersects 5...
9/24/2015Klondike Gold Drilling and Exploration Update
8/18/2015Klondike Gold Commences Yukon Drilling at Lone Star
7/16/2015Klondike Gold Yukon Exploration Update
2/24/2015Klondike Gold Approves $800,000 Yukon Exploration Budget for...
2/19/2015Klondike Gold Receives Final Payment for Portuguese Assets
2/2/2015Klondike Gold Reports Gold Run Property Assays, New Staking
2/2/2015Klondike Gold Reports Gold Run Property Assays, New Staking
1/19/2015Klondike Gold Reports Dominion Property Rock Sample Assays
1/19/2015Klondike Gold Reports Dominion Property Rock Sample Assays
1/14/2015Klondike Gold Reports Lone Star Property Rock Sample Assays
1/14/2015Klondike Gold Reports Lone Star Property Rock Sample Assays
12/16/2014Klondike Gold Announces Closing of Private Placement
12/16/2014Klondike Gold Announces Closing of Private Placement
11/20/2014Klondike Gold Announces Closing of $2.35 Million Equity Fina...
11/20/2014Klondike Gold Announces Closing of $2.35 Million Equity Fina...
10/21/2014Klondike Gold Announces Lease Agreement with Todd Hoffman’s ...
10/21/2014Klondike Gold Announces Lease Agreement with Todd Hoffman’s ...
9/16/2014Klondike Gold Announces Acquisition of Remaining 50% Interes...
9/4/2014Klondike Gold Announces Agreement to Acquire Remaining 50% I...
7/24/2014Klondike Gold Corp. Announces Share Consolidation
7/18/2014Klondike Gold Announces Successful Acquisition of Klondike S...
6/2/2014Klondike Gold to Further Extend Expiry Date of Offer to Klon...
4/29/2014Klondike Gold to Extend Expiry Date of Offer to Klondike Sta...
12/5/2013KG News Release, December 5, 2013
10/31/2013from Klondike Gold Corp.
9/17/2013KG Corporate Newsletter - September, 2013
9/6/2013KG News Release, September 5, 2013
9/1/2013KG News Release, August 31, 2013
8/12/2013President's Letter - August 2013
7/31/2013KG News Release, July 31, 2013
6/3/2013KG News Release, June 3, 2013
6/3/2013Concludes Lone Star Data Compilation and Delineates Bulk Ton...
5/17/2013Richard Hughes Resigns as Director
4/27/2013KG Corporate Newsletter - April, 2013
3/23/2013KG News Release, March 22, 2013
3/14/2013KG Corporate Newsletter - March 2013
2/14/2013Application Accepted on Three New Portuguese Exploration Lic...
2/7/2013KG News Release, February 6, 2013
2/6/20132012 South East BC Gold Exploration
1/30/2013Shareholder Information - January 2013
1/30/2013Lone Star 2012 Exploration Summary
1/25/2013KG News Release, January 23, 2013
12/18/2012KG Corporate Newsletter - December 2012
12/11/2012KG News Release, December 11, 2012
11/14/2012Samples 179 g/t Gold with 78 g/t Silver and 98.8 g/t Gold wi...
11/2/2012KG News Release, October 29, 2012
9/20/2012KG Corporate Newsletter - September 2012
9/20/2012KG News Release, September 5, 2012
8/13/2012KG News Release, August 9, 2012
6/1/2012KG Corporate Newsletter
5/16/2012A Message from Klondike Gold Corp.
7/11/2011Reactivated
2/8/2008Hinckley property, Sandon Silver camp
2/7/2008HAULTAIN PROPERTY DRILLING UPDATE, GOWGANDA SILVER CAMP
12/10/2007NEW SILVER-LEAD MINERALIZATION DISCOVERED
11/17/2007MAJOR ONTARIO EXPLORATION PROGRAM COMMENCED
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