Klondike Gold Leases Placer Gold Mine to Dulac Mining
3123 – 595 BURRARD STREET
VANCOUVER, B.C. CANADA V7X 1J1
TELEPHONE: 604-609-6138
FAX: 604-609-6145
WWW.KLONDIKEGOLDCORP.COM
Klondike Gold Leases Placer Gold Mine to Dulac Mining
September 12, 2019 TSX Venture Exchange Symbol – KG
Vancouver, British Columbia, Canada, September 12, 2019 Klondike Gold Corp. (TSX.V: KG; FRA: LBDP;
OTC: KDKGF) (“Klondike Gold” or the “Company”) is pleased to report that the Company has entered
into a lease agreement with Dulac Mining Ltd (“Dulac Mining”) whereby Klondike Gold assigns to Dulac
Mining the righ ts and permits to placer mine on the Upper Eldorado Creek property, contained wholly
within the Company’s 576 square kilometer Klondike District Property, Yukon Territory.
The Upper Eldorado Creek Placer property (“the Placer Property”) is comprised of 114 contiguous placer
claims totaling 6.8 square kilometers in area covering the Upper Eldorado Creek and Chief Gulch
drainages. Under the terms of the lease agreement, Klondike Gold will receive from Dulac Mining a direct
10% gold production royalty from mining on the Placer Property payable in raw gold. The lease agreement
is for a term of 3 years , expiring July 1, 2022 and is renewable thereafter subject to approval by both
parties.
Dulac Mining has commenced mining work on the Placer Property lease. After establishing drainage and
zero-discharge water circulation, the mining plant was installed and placer operations have commenced.
During th e just completed plant commissioning phase a total of 38.07 troy ounces of gold has been
recovered, including 13.44 troy ounces of coarse nugget gold.
The gold recovered includes dendritic and wire gold as well as coarser ‘nuggets’ containing fragile thin
gold seams in quartz indicating a locally derived bedrock source. Upper Eldorado Creek crosses visually
similar gold-bearing quartz veins associated with the Nugget Fault 1,100 meters upstream of the current
placer mining operation. The ‘Dulac Mining Lease’ is shown in Figure 1 : Location map showing Dulac
Mining Lease in relation to the gold mineralized Nugget Fault.
Peter Tallman, President and CEO of Klondike Gold commented, “We are very pleased to be working with
Dulac Mining on this project and are impressed with the professionalism exhibited in building and
commissioning this new placer operation. We are also excited by the character of the gold returned from
initial mining and the resemblance to gold found in outcrop and drill core from the nearby Nugget Fault
gold trend . Dulac Mining’s operation provides Klondike Gold the opportunity to receive detailed
exploration information at no cost in an important target area. In addition, the Company once again is
receiving revenues from its placer properties.”
3123 – 595 BURRARD STREET
VANCOUVER, B.C. CANADA V7X 1J1
TELEPHONE: 604-609-6138
FAX: 604-609-6145
WWW.KLONDIKEGOLDCORP.COM
Figure 1: Location map showing Dulac Mining Lease in relation to the gold mineralized Nugget Fault.
QUALIFIED PERSONS REVIEW
The technical and scientific information contained within this news release has been reviewed and
approved by Ian Perry, P.Geo., Vice-President Exploration of Klondike Gold Corp. and Qualified Person as
defined by National Instrument 43-101 policy.
3123 – 595 BURRARD STREET
VANCOUVER, B.C. CANADA V7X 1J1
TELEPHONE: 604-609-6138
FAX: 604-609-6145
WWW.KLONDIKEGOLDCORP.COM
ABOUT KLONDIKE GOLD CORP.
Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and
Dawson City, Yukon Territory. The Company is focused on exploration and development of the Lone Star
gold target at the confluence of Bonanza and Eldorado Creeks, within a district scale 576 square kilometer
property accessible by government maintained roads located on the outskirts of Dawson City, YT within
the Tr’ondëk Hwëch’in First Nation traditional territory.
On behalf of KLONDIKE GOLD CORP.
“Peter Tallman”
President and CEO
(604) 609-6138
E-mail: [email protected]
Website: www.klondikegoldcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
“This press release contains “forward-looking information” and “forward- looking statements” within the meaning of
applicable securities laws. This information and statements address future activities, events, plans, developments and
projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-
looking information. Such forward-looking information and statements are frequently identified by words such as “may,”
“will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect
assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current
conditions, expectations of future developments and other factors which it believes to be reasonable and relevant.
Forward-looking information and statements involve known and unknown risks and uncertainties that may cause
Klondike’s actual results, performance and achievements to differ materially from those expressed or implied by the
forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing;
fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including
environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and
uncertainties which are more fully descri bed in our annual and quarterly Management’s Discussion and Analysis and
in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike
disclaims any obligation to update or revise any forward-looking information or statements except as may be required.”