Klondike Silver Corp. Commences 2010 Spring/Summer Regional Exploration Program in Silvana Silver Camp
May 26 2010 - 11:11AM
Marketwired
Klondike Silver Corp. (the "Company") (TSX VENTURE: KS) is pleased
to announce it has commenced an aggressive regional exploration
program in the Slocan Silver Camp for the spring/summer exploration
season. Underground work at the Silvana mine is ongoing and the
Company expects to provide an underground exploration update in the
near future.
"The Company expects compilation work completed over the winter
to greatly assist in defining and expanding exploration targets
throughout the Slocan during the course of the 2010 program,"
commented Company President, Richard Hughes. "The experience and
local knowledge present in our exploration team is expected to
greatly enhance the effectiveness and efficiency of this year's
program."
Regional Program Highlights:
-- Surface work to advance exploration begun last year on numerous
properties in the Slocan Silver camp.
-- Geotronics Consulting Inc. has been contracted to undertake an IP
geophysical survey on several of these properties, starting immediately.
-- The survey will be done in conjunction with a ground VLF-EM and
magnetometer survey, in an attempt to discover extensions of known
mineralization and/or to test geochemical anomalies
-- First phase of exploration will target the McLanders vein on the
Wonderful property, which was both drilled and trenched in 2005. The
McLanders vein is unusually silver rich, with grab samples assaying up
to 197 oz/ton silver.
-- Second phase of exploration will focus on other properties including
testing for an the western extension of the Violamac and Hinckley
deposits, the western and eastern extensions of the Hewitt-Van Roi vein
system, and the eastern extension of the Richmond-Eureka in the Cody
Creek drainage basin
-- Exploration during the 2010 season will include more detailed
geochemical surveys, particularly in areas where 2009 surveys indicated
broad silver-lead soil anomalies.
-- Trenching, begun late in the 2009 season, will continue to test
coincident geochemical and geophysical anomalies.
The Qualified Person for the purpose of National Instrument
43-101 is Trygve Hoy, PEng, PhD who has read and agreed with the
technical information in this news release.
About Klondike Silver:
Klondike Silver is a member of the Hughes Exploration Group of
Companies and is led by a team with an excellent track record of
discovery and development in Canada.
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 is currently
processing material from local mines in the historic Slocan Silver
Camp.
Visit Klondike Silver's web-site: www.klondikesilver.com to see
Smartstox interviews with Company President, Richard Hughes.
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.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy or contents of this news release.
Contacts: Corporate Inquiries: Klondike Silver Corp. Kevin Hull
or Alan Campbell (604) 685-2222 (604) 685-3764 (FAX)
info@klondikesilver.com www.klondikesilver.com AGORACOM Investor
Relations KS@agoracom.com www.agoracom.com/ir/KlondikeSilver
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