| | Published : July 31st, 2013 | KG News Release, July 31, 2013 |
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News Release July 31, 2013 |
FOR IMMEDIATE RELEASE: July 31, 2013 TSX: KG |
KLONDIKE GOLD CORP. REACHES STRATEGIC TARGETS WITH 3 NEW EXPLORATION LICENSES
Vancouver, BC: Klondike Gold Corp. (the 'Company') is pleased to report that Portuguese Authorities have granted 3 key new exploration licenses. The Company's application for the Castelo de Paiva, the Valongo and the Ponte do Barca exploration areas have been accepted by the Portuguese Authorities and that exploration licenses have been granted to the 100% owned European subsidiary of Klondike Gold Corp., Klondike Gold Corp. Portugal.
CASTELO de PAIVA
The Castelo de Paiva license covers an area of 110 square kilometers and is located near the southeastern limit of the Valongo Mineral Belt approximately 60 km east of Porto. It is contiguous to Klondike Gold's Lagares-Castromil License. Mineral occurrences of gold, silver, antimony, lead, zinc, and feldspar are common and the area includes the historic Roman gold mine of Cabranca as well as several other Roman gold mine sites. The Terramont silver, lead, zinc mine is also located in this exploration license. This silver mine was one of the most important in Europe in the 1960's and shut down in 1973 when silver prices languished at around $1.80 per ounce. The Terramonte zone is of great interest to the company because of current silver prices.
VALONGO
The Valongo license covers the center of the Valongo Anticline which hosts the Valongo gold and antimony belt. Gold deposit occurrences in the Valongo belt are clustered in a number of areas which have been explored intermittently since Roman times. Old mines occur along the north-eastern limb of the Valongo anticline in the upper Arenigian quartzite near the junction with the basement-greywacke complex at Santa Justa Pias and Banjas, and also at the contact between the calc-alkaline granite and the Silurian shale at Castromil.. Some antimony-gold deposits in the turbiditic greywacke and shale sequence in the vicinity of the arc-shaped thrust fault zone in Montalto, Tapada and Fontinha were also mined. In terms of Portuguese gold historical production, this auriferous district was the second most important in the 20th century, right after Jales, having produced about 5.6 tons of gold.
The Valongo License connects the Companies Lagares-Castromil license to the south with its Balazar license to the north. The Klondike Gold exploration area now extends over a contiguous area of over 550 square kilometers that covers over 80% of the mineralization in the Valongo Gold and Antimony Belt. PONTE DO BARCA The Ponte do Barca license is located approximately 70 km north of Klondike Golds' Castromil mine and hosts a shear zone associated with the Rio Lima Valley which was exploited by several Roman gold mines. Historic assay results posted in the report "Mina de Pirites Aur�feras C�to da Cruz - Mem�ria descritiva e justificativa: Situa��o e vias de comunica��o," presented by the Department of Mines and Economy in 1948 include:
Klondike Gold's Portuguese technical staff is currently engaged in compiling all available data in to its data base and expects to provide exploration plans for all 3 areas by September 30, 2013.
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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 properties. In addition, the Company holds a large portfolio of gold and base metal properties in southeastern British Columbia and in Portugal.
CONTACT INFORMATION
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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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, 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 3.6 millions as of today (US$ 2.6 millions, € 2.4 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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8/12/2013 | President's Letter - August 2013 |
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6/3/2013 | KG News Release, June 3, 2013 |
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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 |
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1/30/2013 | Lone Star 2012 Exploration Summary |
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12/18/2012 | KG Corporate Newsletter - December 2012 |
12/11/2012 | KG News Release, December 11, 2012 |
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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 |
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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 |
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