Klondike Gold Announces 2026 Diamond Drilling Program Underway to Update and Expand Gold Mineral Resources

Operational Update and Program Confirmation

• Klondike Gold Corp. announced the commencement of its 2026 diamond drilling program on May 26, 2026.
• The primary objective is to update and expand the gold mineral resource estimate (MRE) based on the initial 2022 MRE.
• Initial phase targets approximately 8,000 metres of diamond drilling across priority targets including Lone Star and Stander Zones.
• A secondary phase of up to 5,000 metres is planned subject to initial results.
• The program builds on historical data from 137 additional drill holes totaling over 19,000 metres reported since the 2022 resource estimate.

Execution vs. Expectations

• The news is categorized as Routine - Positive because it confirms the execution of a previously announced plan rather than introducing new, unexpected data.
• The February 2026 financing explicitly stated proceeds would fund "double seasonal drilling meterage" and an ~8,000m program; this May announcement validates that capital deployment is proceeding as intended.
• There are no new assay results or resource numbers released in this specific update, which limits immediate market-moving potential compared to the high-grade intercepts reported in January 2026.

Project Details

• Flagship Asset: Klondike District Gold Project (100% owned) in the Yukon Territory, Canada.
• Location: Dawson Mining District, approximately 20 km south of Dawson City.
• Status: Exploration / Development stage; no production currently active on bedrock deposits.
• Resource Base: Initial NI 43-101 MRE (Nov 2022) reported 469,000 oz Indicated and 112,000 oz Inferred Au across Lone Star and Stander deposits.