VANCOUVER, British Columbia / ACCESSWIRE / February 16, 2023 / Klondike Gold Corporation (TSXV:KG) (FRA:LBDP) (OTCQB:KDKGF) (“Klondike Gold” or “Company”) has entered into a Property Acquisition Agreement with C2C Gold Corp. (“C2C”) for Klondike Gold to purchase a 100% interest in C2C’s “Quartz” and “Sulphur” properties, consisting of 689 mining rights announces that it has signed Covering 143 square kilometers in the Dawson Mining District, Yukon, Canada (“Asset Acquisition Agreement”).
Upon completion of the transaction, Klondike Gold will acquire a future Klondike gold mine with direct ownership of a total of 3,913 quartz claims (up from 3,078) in real estate including one adjacent district covering an area of 727 square kilometers. Expand the land position in the Klondike district to cover. (up from 585), 27% more square footage.
In exchange for Klondike Gold acquiring a 100% interest in C2C’s quartz and sulfur properties, in addition to 12 years of exploration data, the terms of the property acquisition agreement are as follows:
- Issued 1,000,000 shares of our common stock to C2C.and
- A grant of 1% net smelter to C2C returns royalties (“NSR Royalties”) on the quartz and sulfur properties of C2C. Klondike Gold can buy half of the NSR royalties (0.5% of his NSR royalties) from C2C. You can receive $500,000 in cash at any time. Quartz and Sulfur properties each have an NSR royalty obligation of 2%, and Klondike Gold is entitled to purchase one-half (or 1%) of each NSR royalty for one million dollars ($1,000,000) in cash and purchases You have the right to first refuse remaining 1%.
Klondike Gold CEO Peter Tolman said: Klondike Gold believes that multiple discoveries hold great potential and that this integration provides the greatest opportunity to test the best possible targets. “
A map of the Klondike Gold consolidated land locations is shown in Figure 1.
The Property Acquisition Agreement is subject to final approval by the TSX Venture Exchange.
Figure 1: Klondike Gold Consolidated Land Locations
upcoming events
Klondike Gold participates in the following recent or upcoming events:
Whistler Capital Events Conference (Whistler, BC) – February 10-12, 2023
PDAC (Toronto, Ontario) – March 5 to March 8, 2023
PDAC (Toronto, Ontario) – PDAC-SEG Student Minerals Colloquium: Three Research Poster Exhibitions
All events are subject to change.
qualified person
Technical and scientific information contained in this news release has been reviewed and approved by Peter Tallman, P.Geo, President and CEO of Klondike Gold, a qualified person as defined in NI 43-101 policy. increase. Detailed technical information, specifications, analysis information and instructions can be found on our website.
About Klondike Gold Corporation
Klondike Gold is a Vancouver-based gold exploration company that advances the 100% owned Klondike District Gold Project in Dawson City, Yukon, one of the world’s leading mining jurisdictions. The Klondike District Gold Project targets gold associated with district-scale orogenic faults along a 55-kilometer length of the famous Klondike Goldfields placer district. Several kilometers of gold mineralization have been identified in both the Lone Star Zone and the Stander Zone. The Company has identified an Initial Mineral Resource of 469,000 Indicated Gold Ounce and 112,000 Inferred Gold Ounce.1, is the first milestone in the Klondike district. The company will focus on the exploration and development of 727 square kilometers of land accessible by scheduled airline and government-controlled roads located outside of the city of Dawson, Yukon within the traditional territory of Tr’ondëk Hwëch’in First Nation. is guessing.
1 Initial Mineral Resource Estimates for the Klondike Area Property were prepared by Independently Qualified Person, Ginto Consulting Inc. Principal Marc Jutras, P.Eng., MASc., in accordance with the requirements of NI 43-101. A technical report in support of the Mineral Resource estimates, titled “NI 43-101 Technical Report on the Klondike District Gold Project, Yukon Territory, Canada” has been submitted to SEDAR. www.sedar.com Effective November 10, 2022. See the December 16, 2022 news release.
On behalf of KLONDIKE GOLD CORP.
“Peter Tolman”
peter tolman
Representative Director and President
For more information
Phone: (604) 609-6138
Email: This email address is being protected from spambots. JavaScript must be enabled to view.
Website: www.klondikegoldcorp.com
Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute “forward-looking statements.” As used in this document, the words “anticipated”, “anticipated”, “estimated”, “anticipated”, “planned” and similar expressions are not forward-looking statements or It is intended to identify information. Although these statements are based on management’s current expectations, they are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the forward-looking statements in this news release. may be affected by Readers are cautioned not to place undue reliance on these statements. Klondike Gold undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.
