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 published Standard Zone drilling results that extended the run of splashy high grade gold discoveries (Au grades >30 g/t), which headlined the prior three drilling updates. The company believes the gold found in this shear zone likely explains the 3 Moz of placer gold collected from gravel since 1896. Importantly, the gold explorer has now documented multiple, sub-horizontal, high grade Au shear veins over 600 meters and highlighted that these stacked structures all host >30 g/t Au grades. Gold intersections on each of the structures remain open and will be high priority targets in the 2024 drill season. The latest results continue to validate the explorer’s views on the high Au potential of the property as well as last year’s findings by external experts. We are Buy-rated on KG with a C$0.75 TP.