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 0.75 price target.
Klondike Gold Corp published an update on its 2023 exploration and development campaign at its fully-owned Klondike District Property. Fieldwork included collection of 245 rock prospecting grab samples and 25 drill holes covering some 2,340 metres at multiple targets with all sample assays pending. The aim this season was to further establish the property’s gold mineralisation within an orogenic gold framework, and the KG team was joined by two leading orogenic gold experts, Messiers Rich Goldfarb and Ben Frieman. The collaboration and independent assessment bolstered KG’s view that the Klondike District potentially harbours a world-class Au endowment worthy of considerable exploration. We remain Buy-rated on Klondike with a C$0.75 target price.