KLONDIKE SILVER CORP.
711 – 675 West Hastings Street, Vancouver, B.C. V6B 1N2 (604) 685-2222 *Fax: (604) 685-3764
www.klondikesilver.com
TSX-V: KS
FOR IMMEDIATE
RELEASE
April 5,
2007
WIGWAM/SILVERDOLLAR
PROPERTY ACQUIRED
Klondike Silver Corp. (TSXV: KS) is pleased to announce, subject to
regulatory approval, the acquisition of a 100% interest in the
Wigwam/Silverdollar Property, located in Haultain, Chown and Lawson Townships,
Ontario. Consideration for the Property consists of $60,000, 200,000
shares and a work commitment of $150,000 all over a period of 36 months.
There is a 2% net smelter return payable, of which half may be purchased for
$1,000,000.
The Wigwam/Silverdollar Property consists of
nine claims totaling 11 units for 400 acres and is accessed by various logging
roads off of highway 560. The Property is underlain by diabase and
lorrain formation. Previous work began back in 1926 when an 800 foot adit was
driven into a ridge upon which numerous veins have been found that contain
native silver. The adit was driven on a two foot wide vein. Several
thousand feet of development was done on the veins.
Klondike Silver plans to conduct prospecting
and mapping in the spring on the Property followed up by trenching and adit
rehabilitation if deemed safe to confirm previous results. Peter
Caldbick, P.Geo, is a qualified person for the purposes of National Instrument
43-101 and has approved the contents of this news release
KLONDIKE SILVER CORP.
On behalf of the Board of Directors
Richard Hughes
President
For Further Information 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.