Business
Klondike Silver Corp. Announces Strategic Property Acquisition
Klondike Silver Corp. Announces Strategic Property Acquisition Vancouver, British Columbia CAN...
About this update from Klondike Silver Corp.
[{"type":"text","content":"\nKlondike Silver Corp. Announces Strategic Property Acquisition\n\nKlondike Silver Corp. Announces Strategic Property Acquisition\nVancouver, British Columbia CANADA, August 19, 2011 /FSC/ - Klondike Silver Corp. (KS - TSX Venture, KLSVF - OTCBB_Pink_Sheets), (the \"Company\") is pleased to announce, subject to regulatory acceptance, the purchase of the Bakus property (the \"Property\").  The property consists of seven mineral tenures located east of New Denver, BC.  Two formerly producing silver mines, the Bonton Mine and the Dardanelles Mine, are located on the property.  British Columbia Government files report that The Dardanelles mine produced 143,651 oz of silver with an average grade of 216 ounces per ton; and that the Bonton Mine produced 2,765 oz of silver with an average of 243 ounces per ton. The acquisition is a continuation of the company's ongoing project to consolidate its holdings in the in the Sandon silver camp into one contiguous land package.  Consideration for the property consists of $30,000, the transfer of certain staked and crown granted mineral tenures, and the issuance of 130,434 shares.  \n       \nAbout Klondike Silver:\nKlondike Silver is a Canadian silver exploration company with the ability, through its 125 tonnes per day mill in Sandon, BC, to convert mineralized material into Silver, Lead, Zinc concentrate. The company's objective is to build its supply of feed stock, with both mineralized material from its own ground and from that of joint venture partners.\nContact Information:\nCorporate Inquiries: \tAlan Campbell, (604)-685-2222\n                        Email: [email protected] \nOr visit Klondike Silver's web-site: www.klondikesilver.com    \nThe TSX Venture Exchange does not accept responsibility for the adequacy or accuracy or contents of this news release.\nThe statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties.  Actual events or results could differ materially from the Company's expectations and projections.\nTo view this release as a web page, please click on the following lin...