First Berlin – Klondike Gold Corp. Research Update (09/06/2020)

First Berlin Equity Research has published a research update on Klondike Gold Corp. (ISIN: CA4989033010). Analyst Ellis Acklin reiterated his BUY rating and maintained his CAD 0.80 price target.

The 2020 exploration campaign is underway. Phase 1 diamond drilling of ~9 holes will target Au mineralisation outcrops in the Lone Star Zone (LS). Drill phases 2 & 3 are planned and will include five drill holes testing the primary area of gold mineralisation outcroppings along the Stander Zone. The season marks a shift away from five years of geoscience surveys and documentation of gold and structural controls towards detailed testing of spatial and economic parameters in both the LS and Stander Zones. Our rating remains Buy with an C$0.80 price target.