| | Published : April 27th, 2013 | KG Corporate Newsletter - April, 2013 |
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Klondike Gold Corp.
Newsletter - April 2013
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A new chapter in mining in Portugal is commencing.
The Portuguese Government has recently changed its mining policy in favor of increased investment in mineral exploration.
Portugal has a lengthy history of base and precious metal mining.
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Why Portugal?
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While the focus of Klondike Gold Corp. is on developing the hard-rock source of the famous Klondike Gold Rush, and will remain so for the foreseeable future, the Portuguese window of opportunity is too attractive to pass over. Klondike Gold's management has many years experience of working in foreign jurisdictions and has quickly moved to obtain Portuguese mining concession licenses without compromising its ability to advance its Yukon project which has its own historic significance potential.
So what is a junior Canadian Exploration company with a history of working in the Yukon doing in Portugal? Being in the right place at the right time is the short answer. The long answer touches on the rich historic mining activity which predates the Romans, the rich geological setting, and the current recent need for European Union Countries to open its many exploration opportunities to the Western World.
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What Makes a World-Class Exploration Play?
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Klondike Gold Corp. recently announced plans to expand into new and exciting gold projects in Portugal, which should generate plenty of news for shareholders in the coming years. Portugal is a mining friendly jurisdiction with known mineral potential and reliable infrastructure. It has one of the oldest mining traditions in the world where mining started before Roman times and continues in one form or another to the present.
Portugal is a modern European country with first-class infrastructure, judicial security, and transparent mining law with clear rules and regulations.
Mining is being encouraged by the Portuguese Government as an important part of its forward-looking economic plan. The Portuguese policy on mining is in line with the European Union's overall strategy. Encouraging mining and exploration for metals and minerals is considered to be of strategic importance and critical to its economy.
This change in policy is significant, and could lead to exploration and mining opportunities that are world-class in nature. Importantly, Klondike Gold Corp. has taken an initiative that is ahead of the curve in the industry. By acting with insight in the past year, the company now holds significant land positions in scope and scale to any world-class play.
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Portugal Has a Long History of Mining
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Mining in Portugal was initially carried out by the Phoenicians,
then later by the Romans. During the Industrial Revolution the demand for metals increased dramatically. As a result, mining increased, leading to the first modern mining concession being granted in 1836. During the 19th century, Portugal had about 300 active mining concessions.
The principal mineral targets in Portugal are polymetallic sulphides, tungsten, tin, antimony and gold. During World War I and World War II there was a great demand for tungsten and tin.
Portugal also hosts important uranium deposits, with approximately 4200 tons produced from 1950 to 1990. Mineral exploration increased substantially between the 1950s and 1980s expanding tin and tungsten production, and later metal extraction in the Pyrite Belt in southern Portugal. |
Castromil Gold Mine and the Valongo Gold-Antimony Belt
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The Valongo Belt is an anticline structure that extends over
90 km with mineral occurrences in the belt of gold, antimony and silver, lead, zinc, tin and tungsten mineralization.
This anticline structure is composed of metasedimentary rocks dating from Precambrian to Carboniferous with rare Hercynian granites.
Mines along the Valongo Mineral Belt are identified in the map below:
The Castromil Gold Mine is located within a Hercynian granite on the eastern portion of the Valongo anticline.
Gold and antimony are found along an orthogonal fault systems trending both northwest to southeast and northeast to southwest.
The northeast to southwest fault is more recent and acts as a hydrothermal conduit wherein gold is disseminated along veins in the silicified granite within a shear zone and is frequently associated with sulphides.
The history is fascinating. Romans were the first to mine the Castromil deposit by both open pit and underground methods as well as washing "gold lands", an historical form of placer mining. In Castromil the Roman cortas (open pits) are the result of extensive hydraulic mining and the open mine cuts can still be observed today. There is an extensive network of adits, shafts and galleries in the Castromil Gold Mine underground complex.
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Castelo de Paiva in the Valongo Belt
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Castelo de Paiva is located near the southeastern limit of the Valongo Belt approximately 60 km east of the city of Porto.
The Roman Adit (below), located in Castelo de Paiva, provided access and drainage. The Terramonte Mine was one of the largest silver, lead, and zinc producers in Europe and is located in Castelo de Paiva.
Mineral occurrences of gold, antimony, lead, zinc, silver, coal, quartz and feldspar are common and include the Roman gold and antimony mine of Cabranca.
Gold and antimony occurs in veins at the Cabranca Roman Gold Mine, with stockworks and silicified Paleozoic metasediments affected by structure. The quartz veins are commonly oriented northwest and southwest with 0..9 thickness.
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North Valongo Belt
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Balazar is located at the northern boundary of the Valongo anticline, a region that hosts minerals such as gold, antimony, iron, tungsten, tin, graphite and kaolin. Despite the significant widespread mineralization this region remains largely under explored.
At Balazar the antimony and gold occurrences are contained in veins, stockworks and silicified Paleozoic metasediments and are affected by structure. North of Balazar is the Ponte da Barca area, which hosts several ancient mines. Gold is found in quartz veins, pegmatites and stockwork veins spatially associated with granites and shear zones. Pegmatitic veins are hosted in Ponte da Barca granites within the shear zones. Veins are subvertical and oriented east-west. Silver is strongly associated with gold mineralization. Mineralization is post D3 phase of the Hercynian oregeny, identifiable in the sample below. Please go the website at www.klondikegoldcorp.com to view the complete Powerpoint presentation on Portugal. |
What We Are Looking Forward To...
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Next month, the weather in Yukon passes the spring break-up period. The spring break-up is often a sudden thaw of snow-packs on the Klondike Plateau that cause the creeks to flood and makes the region difficult for travel. The placer gold mining season immediately follows the break-up, and Klondike Gold Corp. is looking forward to a full-scale production season on the Indian River Placer Gold Mine, constructed in 2012.
As we move towards summer the company has opportunities to continue work on the Lonestar Project, the B.C. projects and to commence exploration and assessments in Portugal.
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About Klondike Gold Corp.
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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
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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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Data and Statistics for these countries : Portugal | All Gold and Silver Prices for these countries : Portugal | All
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : KG.V |
ISIN : CA4989032020 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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, RON GOLD GROUP, IRISHMAN, INDIAN RIVER, PIT, SPICE, VILLEBON, PAYDAY, CRUZ, JCD, ESQUEGA, MATARROW MINE, INDIGO, IOCG CRANBROOK SOUTH, WAWA, KLONDIKE STAR / KLUANE (AKA LONE STAR), GOLDEN EGG, RED POINT, METEOR LAKE and CLUBINE in Canada. Klondike Gold is listed in Canada and in United States of America. Its market capitalisation is 3.3 millions as of today (US$ 2.4 millions, € 2.2 millions). Its stock quote reached its highest recent level on November 29, 1996 at 97.55, and its lowest recent point on August 23, 2024 at 0.07. Klondike Gold has 47 442 200 shares outstanding. |
Financings of VanEck Vectors Global Alternative Energy ETF |
Project news of VanEck Vectors Global Alternative Energy ETF |
Corporate news of VanEck Vectors Global Alternative Energy ETF |
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12/23/2015 | Klondike Gold Corp. Announces Closing of $416,500 Equity Fin... |
12/15/2015 | Klondike Gold Announces Private Placement |
11/3/2015 | Klondike Gold Receives $0.5 Million Royalty Payment for 2015 |
10/26/2015 | Klondike Gold Reports Remaining 2015 Drill Results; Intersec... |
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9/24/2015 | Klondike Gold Drilling and Exploration Update |
8/18/2015 | Klondike Gold Commences Yukon Drilling at Lone Star |
7/16/2015 | Klondike Gold Yukon Exploration Update |
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2/19/2015 | Klondike Gold Receives Final Payment for Portuguese Assets |
2/2/2015 | Klondike Gold Reports Gold Run Property Assays, New Staking |
2/2/2015 | Klondike Gold Reports Gold Run Property Assays, New Staking |
1/19/2015 | Klondike Gold Reports Dominion Property Rock Sample Assays |
1/19/2015 | Klondike Gold Reports Dominion Property Rock Sample Assays |
1/14/2015 | Klondike Gold Reports Lone Star Property Rock Sample Assays |
1/14/2015 | Klondike Gold Reports Lone Star Property Rock Sample Assays |
12/16/2014 | Klondike Gold Announces Closing of Private Placement |
12/16/2014 | Klondike Gold Announces Closing of Private Placement |
11/20/2014 | Klondike Gold Announces Closing of $2.35 Million Equity Fina... |
11/20/2014 | Klondike Gold Announces Closing of $2.35 Million Equity Fina... |
10/21/2014 | Klondike Gold Announces Lease Agreement with Todd Hoffman’s ... |
10/21/2014 | Klondike Gold Announces Lease Agreement with Todd Hoffman’s ... |
9/16/2014 | Klondike Gold Announces Acquisition of Remaining 50% Interes... |
9/4/2014 | Klondike Gold Announces Agreement to Acquire Remaining 50% I... |
7/24/2014 | Klondike Gold Corp. Announces Share Consolidation |
7/18/2014 | Klondike Gold Announces Successful Acquisition of Klondike S... |
6/2/2014 | Klondike Gold to Further Extend Expiry Date of Offer to Klon... |
4/29/2014 | Klondike Gold to Extend Expiry Date of Offer to Klondike Sta... |
12/5/2013 | KG News Release, December 5, 2013 |
10/31/2013 | from Klondike Gold Corp. |
9/17/2013 | KG Corporate Newsletter - September, 2013 |
9/6/2013 | KG News Release, September 5, 2013 |
9/1/2013 | KG News Release, August 31, 2013 |
8/12/2013 | President's Letter - August 2013 |
7/31/2013 | KG News Release, July 31, 2013 |
6/3/2013 | KG News Release, June 3, 2013 |
6/3/2013 | Concludes Lone Star Data Compilation and Delineates Bulk Ton... |
5/17/2013 | Richard Hughes Resigns as Director |
4/27/2013 | KG Corporate Newsletter - April, 2013 |
3/23/2013 | KG News Release, March 22, 2013 |
3/14/2013 | KG Corporate Newsletter - March 2013 |
2/14/2013 | Application Accepted on Three New Portuguese Exploration Lic... |
2/7/2013 | KG News Release, February 6, 2013 |
2/6/2013 | 2012 South East BC Gold Exploration |
1/30/2013 | Shareholder Information - January 2013 |
1/30/2013 | Lone Star 2012 Exploration Summary |
1/25/2013 | KG News Release, January 23, 2013 |
12/18/2012 | KG Corporate Newsletter - December 2012 |
12/11/2012 | KG News Release, December 11, 2012 |
11/14/2012 | Samples 179 g/t Gold with 78 g/t Silver and 98.8 g/t Gold wi... |
11/2/2012 | KG News Release, October 29, 2012 |
9/20/2012 | KG Corporate Newsletter - September 2012 |
9/20/2012 | KG News Release, September 5, 2012 |
8/13/2012 | KG News Release, August 9, 2012 |
6/1/2012 | KG Corporate Newsletter |
5/16/2012 | A Message from Klondike Gold Corp. |
7/11/2011 | Reactivated |
2/8/2008 | Hinckley property, Sandon Silver camp |
2/7/2008 | HAULTAIN PROPERTY DRILLING UPDATE, GOWGANDA SILVER CAMP |
12/10/2007 | NEW SILVER-LEAD MINERALIZATION DISCOVERED |
11/17/2007 | MAJOR ONTARIO EXPLORATION PROGRAM COMMENCED |
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