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.
SRK Consultancy has filed an NI 43-101 technical report on the Klondike District Gold Project with SEDAR. The report is the precursor to a maiden mineral resource, which is still on track for publication this year. 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 bumped along for over a year. Plus, management recently outlined initial 2022 exploration targets and corporate objectives. KG looks to deploy two rigs this season and drill 8,000 meters or so to test extensions of the Stander and Lone Star Zones as well as other areas of interest. We reiterate our Buy rating and C$0.85 target price.