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 0.85 price target.
Klondike Gold recently updated the market on 2022 exploration activities at its Klondike District Gold Project. The company drilled 47 holes (6,000 meters) this season that tested the Stander Zone, the Gay Gulch showing, plus other regional targets. All assays are pending. KG also noted that the mineral resource estimate is now expected before mid-November. This would mark the first ever mineral resource in the 125 history of the Klondike District area and should spark new interest in the KG stock after the share price has drifted lower in the sector downturn. We remain Buy-rated on Klondike Gold with a C$0.85 target price