First Stump Delivery Arrives on Schedule
Vancouver, British Columbia CANADA, July 31, 2008 /FSC/ - Klondike Silver Corp. (KS - TSX Venture, KLSVF - OTCBB_Pink_Sheets), is pleased to announce the arrival of the first delivery of lead-zinc-silver material from its Stump Property in the Yukon to its wholly owned milling complex located in Sandon, B.C. Approximately 2500 to 3000 tons of material from the Stump will be delivered and processed over the next three months.
Four bulk samples, collectively comprising approximately 80 tons of galena-rich material, were extracted from the Stump in 2007 and returned values as high as 42% Pb and 47 oz/ton Ag (head grades reported from the mill are listed on Table 1). The concentrate is currently stored at the Sandon mill.
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Table 1: Head Grades for Stump Bulk Sample
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Klondike Silver Corp. BULK SAMPLE: STUMP PROPERTY, YUKON
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Mill Run at Sandon, BC - Sept/Oct 2007
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Lens Sample Tonnage Pb Ag Ag Zn
(short tonnes) (%) (g/tonne) (oz/tonne) (%)
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B 2459 Head sample 8.7 39.87 1578 46.03 0.38
Lot B
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C 2464 Head sample 31.5 37.41 1416 41.30 0.37
Lot C
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E 2456 Head sample 27.0 39.32 1559 45.47 1.34
Lot E
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F 2461 Head sample 13.5 42.62 1612 47.02 0.30
Lot F
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Totals 80.7
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Klondike Silver recently entered into an agreement with a smelter (see news release dated July 14, 2008) to process the concentrate once the entire shipment has been milled.
The Stump property is wholly owned by Klondike Silver, subject to a net smelter return royalty. It is road accessible and hosts silver-lead veins that are part of a large mineral camp which includes the former Ketza gold mine, 5 km to the west.
About Klondike Silver
Klondike Silver Corp. has assembled a quality portfolio of silver and silver-rich poly-metallic properties in historic mineral districts of North America, and is applying advanced exploration technologies to add value to these core assets.
Klondike Silver is a member of the Hughes Exploration Group of Companies and is led by a team with a stellar track record of discovery and development in Canada.
The statements made in this Press 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
CONTACT INFORMATION
Corporate Inquiries:
Kevin Hull or Alan Campbell
(604)-685-2222
Email: info@klondikesilver.com
Or visit Klondike Silver's web-site: www.klondikesilver.com to see Smartstox interviews with our Company President.
AGORACOM Investor Relations
Email: KS@agoracom.com
Website: http://www.agoracom.com/ir/KlondikeSilver
Klondike Silver Corp.
#711-675 West Hastings Street
Vancouver, B.C.
CANADA V6B 1N2
TELEPHONE: (604) 685-2222
FAX: (604) 685-3764
www.klondikesilver.com
Source: Klondike Silver Corp. (TSX-V: KS) (Pink Sheets: KLSVF) http://www.klondikesilver.com
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