Klondike Silver Corp. (the “Company”) (TSX-V: KS) 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.
About Klondike Silver:
Klondike 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.
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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV