(TheNewswire)
Vancouver, Canada – TheNewswire - January 13, 2021 – Klondike Silver Corp. (“KlondikeSilver” or the “Company” ) (TSXV:KS) (OTC:KLSVF) wishes to report that underground drifting has commenced atthe Company’s 100% owned 116 square kilometer Silvana Mine propertylocated in the Slocan Mining Camp 15 kilometers from New Denver and138 kilometers north of the smelter in Trail, British Columbia.
Klondike Silver continues drifting the eastern portionof the SILVER MILE which is a portion of the 9 kilometer long MainLode vein. The drifting is being undertaken from underground to ensureexploration can continue throughout the first half of 2021. Utilizingthe Silvana 4625 West Lateral Drift workings, the Company is driftingapproximately 80 meters to the west of Drill Station #1 and parallelto the Main Lode delineated in the 2019-2020 drill program. The SILVERMILE is the western extension of the Silvana Mine deposit, withinKlondike Silver claim boundary. The SILVER MILE is approximately 1.5kilometers long and has been virtually unexplored.
The underground drift is scheduled to reach the DrillStation #2 location mid February. Once Drill Station #2 is establisheda series of underground diamond drill holes will be drilled in afan-type drill pattern to intersect the widest coverage area of theMain Lode vein system, at this location. The Main Lode vein systemcontains 8 of the largest mines in the Slocan Mining Camp.
The scientific and technical disclosure in this news release has beenreviewed and approved by David Makepeace, P.Eng., Senior Geologist –Environmental Engineer at Geospectrum Engineering, who is anindependent consultant to the Company and Qualified Person as definedin NI 43-101.
About KlondikeSilver
Klondike’s Silvana Mine Silver ZincLead project is located in South EasternB.C. , 138 km north of the Trail B.C. smelter. The Company isactively exploring from underground, the western extension of theSilvana Mine, along the “Main Lode”. The “Main Lode” is a 9km vein structure which is the most prolific mineralized structure inthe Slocan Mining Camp. There are 13 historical mines that aresituated along the 9 km vein structure which have produced 886,000 kgof silver, 95 million kg of zinc and 117 million kg lead so far. Including 8 of the 13 above there are 68 historical mines that aresituated in the Klondike Silver 116 squarekilometer claim block which have produced 1,258,000 kg ofsilver, 72 million kg of zinc and 158 million kg lead so far. (source: BC MINFILE).
Additional information can be found on the Company website: www.klondikesilver.com
On Behalf of the Board of Directors | Contact Information |
Klondike Silver Corp. | Corporate Inquiries: |
"Thomas Kennedy" | Dale Dobson: (604) 682-2928 |
Thomas Kennedy, B.Comm., J.D. | |
CEO, Director |
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.
This news release may contain assumptions, estimates,and other forward-looking statements regarding future events. Suchforward-looking statements involve inherent risks and uncertaintiesand are subject to factors, many of which are beyond the Company'scontrol that may cause actual results or performance to differmaterially from those currently anticipated in such statements.
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