KLONDIKE SILVER CORP.
#711 – 675 West Hastings
Street Vancouver,
B.C. V6B 1N2 Telephone: 604-685-2222 Fax: 604-685-3764
FOR IMMEDIATE RELEASE
TSXV: KS
www.klondikesilver.com�����������������������������������������������������������������������������������������������������
February 7, 2008������������������������������������������������������������������������������������������
Hinckley property, Sandon Silver camp
Klondike
Silver Corp. (TSX-V: KS) is pleased to announce the results
of recent exploration and development of the Hinckley silver-lead-zinc property
in the Sandon camp in southeastern British
Columbia.� A Mine Permit (M65) has been approved, and
rehabilitation of the main 3800 level is largely completed.� The lode is
exposed underground between the 3800 and 3900 levels, and a stope between these
levels has also been largely rehabilitated.�
Underground, the
vein trends northeast (025�) and dips steeply to the east.� It is exposed
through a vertical relief of approximately 50 meters, of varying widths.
Extraction of ore from the vein will commence immediately, for processing at
Klondike Silver’s mill in Sandon, B.C.
Further exploration
on the Hinckley vein system, by underground
drilling, will test extensions and offsets of known mineralization.� As well,
examination of historical documents and plans have shown the location of a
second parallel vein structure that will also be tested by underground
drilling.�
Hinckley represents one of several
properties in Klondike Silver’s Sandon camp that are currently undergoing
exploration and development.
About Klondike Silver Corp.
Klondike
Silver Corp. is a young and dynamic silver exploration and production company
focusing on advanced exploration and small high grade silver production in British Columbia, Yukon, Ontario and Mexico.� Klondike Silver’s
wholly owned 100 tons per day mill at Sandon, BC is able to process ore from local and Yukon properties for
exploration purposes.� Klondike Silver is using modern geophysical, geochemical
and drilling technology to explore historical silver camps and discover new
mineralization.� A large exploration program is
underway in 2008 in the Gowganda and Cobalt silver camps of Ontario.
On Behalf of the Board of Directors,
KLONDIKE SILVER CORP.
“Richard W. Hughes” (signed)
President
For Further Information Contact: The Hughes Exploration Group
at (604) 685-2222
Or visit the Company’s website:� www.klondikesilver.com to
see the Smartstox Report in which Stanlie Hunt interviews Klondike Silver Corp.
President Richard Hughes.
This document contains certain
forward looking statements which involve known and unknown risks, delays and
uncertainties not under the corporation’s control which may cause actual
results, performance or achievements of the corporation to be materially
different from the results, performance or expectation implied by these forward
looking statements.
The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of
this news release.