Klondike Gold Pays Tribute to Its Late Founder, Richard Hughes Vancouver, British Columbia, Canada – Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTCQB: KDKGF) (“Klondike Gold” or the “Company”) is saddened to learn of the recent passing of
February 11, 2025
Klondike Gold Pays Tribute to Its Late Founder, Richard Hughes
Vancouver, British Columbia, Canada – Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTCQB:
KDKGF) (“Klondike Gold” or the “Company”) is saddened to learn of the recent passing of
Richard Hughes, a legendary prospector credited with significant Canadian and international
mineral discoveries over his lengthy career in the mining industry , including the co-discovery of
the world-class Hemlo gold deposit in Ontario during the 1980s. Mr. Richard Hughes passed away
peacefully in Langford, BC, at the age of 91.
Richard Hughes founded Klondike Gold Corp. in 1978 and served as Chairman and/or Director of
the Company until 2013. Richard ’s vision for the Company first led him to the famous Klondike
goldfields near Dawson, Yukon in 1980. Richard is well-remembered and respected by local placer
miners for his generosity and dogged prospecting persistence during his two decades of work
there. His contributions to the search for hard-rock gold sources In the Klondike are instrumental
in the Company’s current discoveries along Eldorado Creek in areas championed by Richard.
Peter Tallman, Klondike Gold ’s President & CEO states; “The Company extends its heartfelt
condolences to Richard's family, many friends, and the entire mining community at the passing
of a Canadian prospecting legend.”
ABOUT KLONDIKE GOLD CORP.
Klondike Gold is a Vancouver based gold exploration company advancing its 100% -owned
Klondike District Gold Project located at Dawson City, Yukon, one of the top mining jurisdictions
in the world. The Klondike District Gold Project targets gold associated with district scale
orogenic faults along the 55 -kilometer length of the famous Klondike Goldfields placer
district. Multi-kilometer gold mineralization has been identified at both the Lone Star Zone and
Stander Zone, among other targets. The Company has identified a pit constrained Mineral
Resource Estimate of 469,000 Indicated and 112,000 Inferred gold ounces 1, a milestone first for
the Klondike District. The Company is focused on exploration and development of its 727 square
kilometer property accessible by scheduled airline and government-maintained roads located on
1 The Mineral Resource Estimate for the Klondike Dis trict Property was prepared by Marc Jutras, P.Eng., M.A.Sc.,
Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI 43 -101.
The technical report supporting the Mineral Resource Estimate entitled “NI 43 -101 Technical Report on the Klondike
District Gold Project, Yukon Territory, Canada” has been filed on SEDAR at www.sedarplus.ca effective November 10,
2022. Refer to news release of December 16, 2022.
the outskirts of Dawson City, Yukon, within the Tr’ondëk Hwëch’in First Nation traditional
territory.
ON BEHALF OF KLONDIKE GOLD CORP.
“Peter Tallman”
Peter Tallman,
President and CEO
FOR FURTHER INFORMATION:
Telephone: (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 def ined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Certain statements contained in this news release constitute “forward -looking statements”.
When used in this document, the words “anticipated”, “expect”, “estimated”, “forecast”,
“planned”, and similar expressions are intended to identify forward- looking statements or
information. These statements are based on current expectations of management, however, they
are subject to known an d unknown risks, uncertainties and other factors that may cause actual
results to differ materially from the forward-looking statements in this news release. Readers are
cautioned not to place undue reliance on these statements. Klondike Gold does not undertake any
obligation to revise or update any forward- looking statements as a result of new information,
future events or otherwise after the date hereof, except as required by securities laws.
Forward-looking statements involve numerous risks and uncertain ties and actual results might
differ materially from results suggested in any forward- looking statements. These risks and
uncertainties include, among other things, market volatility; the state of the financial markets for
the Company ’s securities; fluctua tions in commodity prices and changes in the Company ’s
business plans. In making the forward looking statements in this news release, the Company has
applied several material assumptions that the Company believes are reasonable, including
without limitatio n, that the Company will continue with its stated business objectives and its
ability to raise additional capital to proceed. Although management of the Company has
attempted to identify important factors that could cause actual results to differ materiall y from
those contained in forward- looking statements or forward -looking information, there may be
other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward- looking statements and forward- looking information. Readers are
cautioned that reliance on such information may not be appropriate for other purposes. The
Company does not undertake to update any forward- looking statement, forward -looking
information or financial out-look that are incorporated by reference herein, except in accordance
with applicable securities laws. The Company seeks safe harbor.
For more information on the Company, investors should review the Company ’s continuous
disclosure filings that are available at www.sedarplus.ca.