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Klondike Silver Review And Update

(TSXV: KS, Pink Sheets: KLSVF)

Subject: SLOCAN BC SILVER OPERATIONLocation: 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

NAME       Silver Production (g)       Lead Production (kg)       ZN (kg)
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
                 
  • 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.

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