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Klondike Gold Corp V.KG

Alternate Symbol(s):  KDKGF

Klondike Gold Corp. is a Canada-based gold exploration company. The Company is engaged in advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the Klondike Goldfields placer district. Its Yukon Placer Gold properties include the Upper Eldorado Creek, Eldorado Creek Bench and Montana Creek (McKinnon Creek or Indian River) Placer Projects. The Company holds interest in the mining claims, such as the Sophie mining claims, and the Burkhard claims. The Company also has an interest in the Gimlexs mining claims located in the Dawson mining district, Yukon Territory. Its Upper Eldorado Creek property is contained wholly within the Company’s Klondike District Property, Yukon Territory. The Company also holds a 100% interest in the Montana Creek Placer Project property located south of Dawson City, Yukon Territory.


TSXV:KG - Post by User

Bullboard Posts
Comment by yukoninvestoron Jan 08, 2013 8:52pm
187 Views
Post# 20812774

RE: RE: RE: RE: RE: RE: RE: RE: RE: projection!

RE: RE: RE: RE: RE: RE: RE: RE: RE: projection!

I don't see the company delisted, but in my opinion I can see a rollback happening. The current financing is being done at a low share price (if it gets done at all) and will be very dilutive. They may even have to reduce the terms of the financing to get it completed. Suddenly you are looking at a situation where there isn't a lot of money in the bank and there are a lot more shares outstanding.

Their exploration properties are in BC, Yukon and Portugal. Based on pre-election polling BC may soon have an NDP gov which is scary for mineral explorationists. The Yukon is a bit out of favor with investors at the moment and not only that but in my opinion the properties KG has there have been worked over since the 80's and are a series of discontinuous veins with erratic grades that will be tough to promote at the best of times. Portugal... they acquired a property called Castromil which may be the same Castromil gold project that when google'd shows up as a site requiring remediation due to arsenic contamination.

Overall not a very appealing scenario in my opinion.

Bullboard Posts