(TheNewswire)
April 12, 2024 – TheNewswire – Vancouver, Canada – Klondike Silver Corp.(the “Company”) (TSXV: KS | OTC: KLSVF | WKN: A1H8T1 ) is pleased to provide an update from its current undergrounddrill program at the Silvana Mine, targeting western extensions of themine within the historic Silvana claim block that the Company owns insoutheastern British Columbia.
Drill holes from the first phase of drilling were laidout to intersect, map and model the extensions of vein structures downdip of three mineralized lodes from surface on the Silvana Mine claims, with the intention of targetingsilver, zinc, and lead mineralization in the Company’s phases ofdrilling.
All drill cores from the 2023 program have been logged.Intervals of core have been sampled. Cores were sawed lengthwise, withone half bagged and sent to an independent lab for analyses, and onehalf retained for further inspection. Sample analyses are awaited fromthe lab.
Drilling in the 2024 program is now oriented northerlyfrom drill station 2 to intersect downward projections of theCarnation Hanging wall and Footwall Lodes. The first 2024 activitywill be deepening of two holes that have been drilled part of thedistance to the Hanging wall and Footwall Lodes.
Klondike president and CEO, Mr. Tom Kennedy states,“The Company’s Silver Mile target is an area 1.5km along strike,100% within Klondike’s claim block between the Mammoth and SilvanaMines. This area has yet to be fully explored due to fracturedownership that is a common theme in areas of British Columbia withsignificant historic mining activities dating back more than 100years. Klondike’s management and exploration teams are encouraged bythe potential to find and develop a resource in the Main Veinstructure between the Mammoth and Silvana mines as combined pastproduction of the Main Lode included 28 millionoz silver, 209 million lbs zinc and 258 million lbs lead.”
The technical information in this news release has been reviewed byLocke Goldsmith, M.Sc., P.Eng., P.Geo., a Q.P.
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Klondike’s Silvana Mine Silver ZincLead project is located in South EasternB.C.
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Klondike’s 114 square kilometerclaim block is 138 km north of the Trail B.C.smelter.
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Klondike Silver is exploring fromunderground , along the 9 km “Main Lode”. The “Main Lode” is the most prolific mineralized structure in theSlocan Mining Camp.
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There are 13 past producing minesthat are situated along the “Main Lode” thathave produced 886,000 kg of silver, 95 million kg of zinc and 117million kg lead so far. (source: BC MINFILE).
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There are 67 past producing minesthat are situated in Klondike Silver’s 114 square kilometer claimblock. (source: BC MINFILE).
On Behalf of the Board of Directors
KLONDIKE SILVER CORP
“Thomas J. Kennedy”
CEO and Director
Additional information can be found on KlondikeSilver’s website: www.klondikesilver.com
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. The TSX Venture Exchange has not reviewed the contentof this news release and therefore does not accept responsibility orliability for the adequacy or accuracy of the contents of this newsrelease.
Caution Regarding Forward-Looking Information
This news release includes certain information that mayconstitute “ forward-lookinginformation ” under applicable Canadiansecurities legislation. Forward-looking information includes, but isnot limited to, statements about strategic plans, future work programsand objectives and expected results from such work programs.Forward-looking information necessarily involve known and unknownrisks, including, without limitation, risks associated with generaleconomic conditions; inability to access sufficient capital frominternal and external sources, and/or inability to access sufficientcapital on favourable terms; and other risks.
Forward-looking information is necessarily based upon anumber of estimates and assumptions that, while considered reasonable,are subject to known and unknown risks, uncertainties, and otherfactors which may cause the actual results and future events to differmaterially from those expressed or implied by such forward-lookinginformation and the risks identified in the Company’s continuousdisclosure record. There can be no assurance that such informationwill prove to be accurate, as actual results and future events coulddiffer materially from those anticipated in such information.Accordingly, readers should not place undue reliance onforward-looking information. All forward-looking information containedin this news release is given as of the date hereof and is based uponthe opinions and estimates of management and information available tomanagement as at the date hereof. The Company disclaims any intentionor obligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwise,except as required by law.
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