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Klondike Gold Clarifies and Retracts Technical Disclosures
VANCOUVER, BC / ACCESSWIRE / August 22, 2017 / Klondike Gold Corp. (TSX-V: KG; FRA: LBDP) ("K...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold Clarifies and Retracts Technical DisclosuresVANCOUVER, BC / ACCESSWIRE / August 22, 2017 / Klondike Gold Corp. (TSX-V: KG; FRA: LBDP) (\"Klondike Gold\" or the \"Company\") announces that, as a result of a review by the IIROC, the Company is issuing the following news release to clarify and retract disclosure pertaining to an article featuring Klondike Gold entitled, \"How Technology is Fueling the Next Gold Rush,\" which appeared on the website OilPrice.com. The article is the product of a corporate communicator attempting to encapsulate the news and direction of the Company's exploration efforts specifically over the past three years as part of an awareness initiative. For greater clarity this article and its contents is not in any way intended as, nor should be confused with, technical disclosure, nor was this article reviewed by a Qualified Person. \nStatements disclosed in the Oilprice.com article contain material which is overly promotional and potentially misleading, does not meet the scientific and technical disclosure requirements of Canadian securities legislation including National Instrument 43-101, and was not prepared by or approved by a Qualified Person and should not be relied upon. The exploration potential disclosed in the piece is conceptual in nature and there is no certainty that ongoing exploration will yield positive results.\nKlondike Gold is a junior gold exploration company operating in the Klondike District outside of Dawson, YT, Canada. The Company's Klondike area property is at an early stage of exploration. There has been insufficient exploration to define a mineral resource or mineral reserve and there are no current mineral resources or mineral reserves outlined on the property. Nor has a preliminary economic assessment, preliminary feasibility study or feasibility study been completed to support the economic viability or technical feasibility of the project. There is no certainty that ongoing exploration will yield positive results.\nIn particular, the Company wishes to clarify the several references of \"20 million ounces of gold\" throughout the article. The 20 million ounces of gold refers to the total estimated alluvial gold production as calculated by the Yukon Geological Survey from the Klondike area creeks and gravels extracted from 1896 to the present day from the area locat...