Business
Klondike Gold's Montana Creek Placer Property Exceeds Expectations in First Season Yields $542,282 in Royalty Payments
VANCOUVER, BC / ACCESS Newswire / November 13, 2025 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)...
About this update from Klondike Gold Corp.
[{"type":"text","content":"Klondike Gold's Montana Creek Placer Property Exceeds Expectations in First Season Yields $542,282 in Royalty PaymentsVANCOUVER, BC / ACCESS Newswire / November 13, 2025 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) (\"Klondike Gold\" or the \"Company\") is pleased to provide a summary of significant work progress and to report receipt of an additional $42,282 production royalty payment from the Montana Creek Placer Property leased by Armstrong Mining Corp. (\"Armstrong Mining\"). This brings the total production royalty revenue paid to Klondike Gold in 2025 to $542,282, leaving $8.9M of royalties or payments yet to be paid to complete the option to purchase payments by March 2031 (see News Release March 11, 2025).Peter Tallman, President and CEO of Klondike Gold Corp comments \"The Montana Creek placer deposit was an idle, under-appreciated asset that is now returning dilution-free funding for Klondike Gold. We are pleased with Armstrong Mining's professional and competent management of the operation, which has exceeded our expectations from the start, and now is positioned to contribute increasing royalty revenues beyond our original projections for the next several years.\"The Company's Montana Creek Placer Property agreement grants Armstrong Mining a 6-year lease with option to purchase 100% of Klondike's Montana Creek (surface gravel alluvial gold) placer property (the \"Montana Creek Placer Property\" or the \"Property\"), (see Figure 1) in return for a 10% \"Production Royalty\" per year on all gold and other minerals produced from the Property up to $9.5M (the \"Purchase Price\"), (see News Release March 11, 2025).Armstrong Mining's 2025 Season HighlightsBegan production and gold recovery ahead of schedule and exceeded projected returnsEarly season successful mobilization of all heavy equipmentInstalled a new camp and upgraded existing camp infrastructureInstalled and calibrated new processing equipment (wash plant and gold cleaning machine), with second larger capacity plant scheduled before start of next season for increased capacityStripped and stockpiled material will facilitate a rapid start to 2026 season productionInstalled a light aircraft emergency airstripCompleted 140 short-hole sonic drilling exploration program covering ~1.5 sq kms to further delineate and expand previously documented White Channel ...