Klondike Gold Corp. Aug. 3 reported the closing of a C$5 million financing, much of which will be applied to an expanded drill program at its 527-square-kilometer Klondike property near Dawson City, Yukon.

So far, the now 80-hole drill program has focused on the expansion of Lone Star, one of four gold-bearing targets the company has identified near Eldorado and Bonanza, two of the most prolif...