This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Klondike Silver Corp. Increases Land Position In The Silver Slocan Mining District Through Acquisitions Of Past Producing Mines

Klondike Silver Corp. (TSX-v symbol: KS) (Klondike) is pleased to announce that it has acquired an additional six past producing silver-lead-zinc mine sites in the Silver Slocan Mining District of southeastern British Columbia. Seven tenures were acquired representing 1,226 hectares holding several strong exploration targets. In addition to owning the fully permitted Sandon Mining Complex, Klondike now holds a total of 16,544 hectares in the region controlling a majority of the historically productive camp.

As recorded in the BC Geological Survey MINFILE reports, the total combined recoveries from the newly acquired past producing mines are as follows; 1,655,809 ounces of Silver, 10,485,781 pounds of Lead, and 177,666,955 pounds of Zinc. (Refer to MINFILE Numbers 082FNW086, 082KSW023, 082FNW023, 082KSW016, 082FNW079, 082FNW022).

The newly acquired “Cliff” claims have been explored and intermittently mined since the early 1900’s up until the last reported work in 1983. Based on the reported MINFILE information, the calculated recovery of Silver, and recovered pounds of Lead, and Zinc from the individual claims, have been presented in the table below. It is important to observe that the recorded data reflects the total recovery after milling. Percentage recovery of the metals was not reported so it is not known what was lost in the historical milling process.

Table 1. Recoveries of Silver, Lead, and Zinc after Milling
Claim MINFILE #   Milled Tons   Silver (oz/t)   Lead (Pounds)   Zinc (Pounds)
082FNW086 31,537 31.08 2,187,685 1,582,959
082KSW023 1,122,330 0.53 8,150,895 175,925,995
082FNW023 *8 50.13 5,307 ---
082KSW016 *500 1.83 6,378 24,844
082FNW079 *1,247 59.80 130,123 132,048
082FNW022 *7 74.29 5,393 1,109

-The information provided in Table 1 was tabulated from the total milled tons reported in the reported MINFILE’s. If the total milled tons were not recorded in the MINFILE table the calculations were then based on the total reported *mined tons.

Cancelation of OptionsKlondike would also like to announce the cancellation of 347,650 incentive stock options granted to its directors, officers, consultants, and employees prior to the shareholder approved consolidation of the Company’s shares announced March 28 th 2011.

About Klondike Silver Corp.Klondike Silver Corp. has assembled a quality portfolio of silver properties throughout Canada, most notably, in the historic Slocan Mining District southeastern British Columbia. This historic camp has produced more than 24 million ounces of silver since the first discoveries in the late 1800s. Klondike Silver is the dominant land-holder controlling a majority of the historic camp and the fully permitted, 100% owned “Sandon Mining Complex”. The Company owns the past-producing Silvana, Wonderful, and Hinckley Mines and several other properties with significant exploration potential.

For additional information please visit the company website www.klondikesilvercorp.com

On Behalf of the Board of DirectorsKlondike Silver Corp."Richard Hughes"

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,440.59 -127.94 -0.73%
S&P 500 2,067.64 -12.01 -0.58%
NASDAQ 5,039.7760 -48.8540 -0.96%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs