=======================================================================
Re: News Releases - Monday, July 14, 2008
Agreement for Sandon Concentrate Reached
=======================================================================
Klondike Silver Corp. (TSX-V: KS) is pleased to announce that the
Company has entered into an agreement with a smelter for the
concentrate presently on inventory. Shipments will commence shortly.
The concentrate was produced from the Wonderful and Silvana mines where
production continues, and also in part from the 80 ton Stump property
bulk sample shipped from the Yukon in 2007. The lead concentrate
assays 74% lead and 135 ounces silver per ton and the zinc concentrate
assays 55% zinc and 50 ounces silver per ton.
Shipments of 2500 to 3000 tons of ore from the Stump property located
in the Yukon to the mill at Sandon, BC, are scheduled to begin on July
19, 2008, and will be processed upon arrival. This ore is from the
same source as the 80 ton bulk sample shipped in 2007 assaying 40% lead
and 40 ounce silver per ton. The concentrate will be transported to
the smelter once the entire lot has been processed at Sandon. A
similar sized shipment is planned for 2009.
Management plans to continue mining while conducting further
underground exploration in the Silvana, Wonderful and Hinckley mines.
The concentrate from this ore will be shipped to smelter subject to an
agreed upon schedule.
A vigorous regional exploration program is being undertaken (reported
July 2, 2008) with emphasis being placed on locating and recovering
zinc zones previously ignored due to low prices or penalties being
assessed. The region has been broken into six camps, the Payne,
Jackson Basin, Silverton Creek, Sandon Camp, Cody, and the Hewitt Van
Roi.
The management team is pleased with the progress being made in the
Silvery Slocan and looks forward to building on its successes.
About Klondike Silver
Klondike Silver Corp. has assembled a quality portfolio of silver and
silver-rich poly-metallic properties in historic mineral districts of
North America, and is applying advanced exploration technologies to add
value to these core assets. The Company holds more than 10,000
hectares of claims and crown grants in the "Silvery Slocan" district,
including numerous past-producing mines and a fully permitted and
operating 100 tons per day mill near the historic mining town of
Sandon, B.C.
Klondike Silver is reviving the historic Gowganda and Elk Lake silver
camps in Ontario, and is exploring silver-rich poly-metallic targets in
the world-famous Klondike district of Yukon Territory. The Company has
also recently optioned eight high-potential mineral concessions in
under-explored historic mineral districts of Mexico.
Klondike Silver is a member of the Hughes Exploration Group of
Companies and is led by a team with a stellar track record of discovery
and development in Canada.
CONTACT INFORMATION
Corporate Inquiries: Kevin Hull or Alan Campbell
(604)-685-2222
Email: info@klondikesilver.com
Or visit Klondike Silver's web-site: www.klondikesilver.com to see
Smartstox interviews with our Company President.
AGORACOM Investor Relations
Email: KS@agoracom.com
Website: http://www.agoracom.com/ir/KlondikeSilver
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 does not accept responsibility for the
adequacy or accuracy of this news release.
=======================================================================
Copyright (c) 2008 KLONDIKE SILVER CORP. (KS) All rights reserved.
For more information visit our website at
http://www.klondikesilver.com/ or send mailto:info@klondikesilver.com
Message sent on Mon Jul 14, 2008 at 6:12:33 PM Pacific Time
=======================================================================
.
![]()