Klondike Silver Corp.: Hinkley Mine Rewards
June 21 2012 - 2:27PM
Business Wire
Klondike Silver Corp. (the “Company”) (TSX-V: KS) has
been rewarded with silver, lead, zinc production resulting from its
exploration and development work on the Hinkley Mine which lies
just one mile from the Company’s 100 ton per day Sandon Mill. In
2008 the Company implemented a program of off-setting exploration
expenses with selective mine production in areas where a greater
geological understanding is required. The benefit to the company is
the limiting of share dilution while at the same time conducting
active exploration in one of Canada’s richest silver camps.
Klondike Silver Corp. has established a dominant presence in the
Slocan Mining District of British Columbia which has produced more
than 65 million ounces of silver plus associated base metals since
the late 1800’s. The company’s assets include at least 25 past
producing mines, a fully permitted 100 tonne per day flotation mill
and 25,000 hectares (61,000 acres) of highly prospective
exploration lands.
The Slocan mining district has contributed greatly to the
economic development of British Columbia. Published reports
estimate that the present day value of the silver, lead and zinc
mined from the Silvery Slocan exceeds $30 billion, more than the
projected value of the combined California, Cariboo and Klondike
gold rushes.
“Richard Hughes”
President
About Klondike Silver:
Klondike Silver has become the dominant player in one of
Canada’s main silver camps and has become a significant economic
engine in the mineral rich Slocan Valley of British Columbia.
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.
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