Klondike Silver Review and Update
October 28, 2011 /FSC/ - Klondike Silver Corp. (KS - TSX Venture, KLSVF - OTC Pink),
Subject: SLOCAN BC SILVER OPERATION
Location: Sandon, Silverton and New Denver B.C.
* Klondike Silver has been acquiring over 80% of the Sandon silver camp during the past 20 years.
* The land position is now at 23,000Ha in the Sandon Camp.
* Sandon production - over 35 billion dollars (in todays mineral value) of lead zinc and silver for the Sandon area mines.
* 100 T.P day mill is fully paid for. Klondike Silver has no debt.
* Example of the few of the past producers owned by Klondike Silver.
Production to date
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NAME Silver Production (g) Lead Production (kg) *ZN (kg)
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Silvana *242,982,741 *28,691304 *26299854
Van Roi 86,690,377 8,091,338 7,600,657
Violamac 129,127,274 21,746,099 14,225,991
Hewitt 59,624,427 2,708,636 1,770,177
Payne 116,386,525 17,376,637 1,024,416
Ruth Hope 76,946,676 10,122,529 1,605,717
Ivanhoe 14,204,149 2,366,970 330,300
Richmond Eureka 24,993,034 2,322,882 761,064
Wonderful 13,057,008 1,619,509 1,214,509
Idaho 48,811,960 2,124,884 225,235
Wake Field 6,032,458 1,111,226 5,568
Jackson 3,106,070 1,888,550 1,407,175
Hinkley 778,446 147,552 203,603
Canadian 2,439,968 374,301 17,217
Halmac *7,754,000 *874,298 *172,704
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* Note: Head frames and shafting was not normally used in the Sandon area; mostly adits. Therefore most of these past producers have not been exposed to depth.
There are 5 main Silver Camps in Canada.
1) Cobalt Ontario - (Mostly Mined out)
2) An island in Ontario (now a Federal Park.)
3) Gowganda - area- Ontario - mostly controlled by Klondike Silver and Amador Gold Corp.
4) Slocan- Klondike Silver 80% (plus) owned by Klondike Silver.
5) Yukon - Rejuvenated exploration
Two main properties are owned by Klondike Silver
1) Connaught - 50% owned by Klondike Silver where in 1976 218 tones bulk samples milled at Trail BC resulting in 65 opt Ag at 60% Pb (see December 10, 2007 News Release)
2) Stump - 100% owned by Klondike Silver where in 2007 an 80 tonnes bulk sample produced head grades averaging 45 opt Ag and 40% Pb. (refer to News release December 10, 2007)
Sandon Mining Camp - Brief history in numbers:
- Sandon was incorporated as a city in 1898
- More than 5000 people lived in Sandon during its 'boom' in the late 1800s
- In its prime Sandon had 29 hotels, 28 saloons, 3 breweries, theatres, opera houses, cigar factory, soft drink plant, 3 sawmills, 3 churches, x2 newspapers, a schoolhouse, hospital, numerous lodges, clubs, organizations and a curling rink and bowling alley (in addition to one of the largest 'red light' districts in Western Canada).
- 2 major rail lines
- One of the first trade unions in the province
- A community with its own hydro electric utility
- Sandon area had over 200 mines, numerous tram lines and concentrator mills
- Over 35 billion dollars (in today's value) of lead, zinc and silver have been produced from the Sandon area mines.
Surface and underground exploration is currently underway.
R. Hughes
President
About Klondike Silver:
Klondike Silver Corp. has assembled a quality portfolio of silver properties in historic mineral districts in North America, and is applying advanced exploration technologies to add value to these core assets. Klondike Silver is reviving the Gowganda and Elk Lake silver camps in Ontario, and the world-famous Klondike district of Yukon Territory. The Company owns a 100 TPD fully operational flotation mill in Sandon, BC, which processes material from local mines in the historic Slocan Silver Camp.
Contact Information:
Corporate Inquiries: Alan Campbell, (604)-685-2222
Email: info@klondikesilver.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy or contents of this news release.
The 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.
#711-675 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6B 1N2
TELEPHONE: 604-685-2222
FAX: 604-685-3764
WWW.KLONDIKESILVER.COM
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/klondikesilver10282011.htm
Source: Klondike Silver Corp. (TSX-V: KS) (Pink Sheets: KLSVF) http://www.klondikesilver.com
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