(TheNewswire)
Vancouver, Canada – TheNewswire- February 26, 2021 – Klondike Silver Corp.(“Klondike Silver” or the “Company”) (TSXV:KS) reports that ithas engaged Tetra Tech, Inc., a consulting and engineering firm tocomplete the following work as the company prepares for its nextphases of exploration at the Company’s 100% owned Silvana Mineproperty located in the Slocan Mining Camp in South Eastern BritishColumbia:
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- Dam Safety Inspection Report (target date:Q1 , 2021)
- Geotechnical Site Investigation Survey, FactualReport and Geotechnical Assessment (target date: Q2 2021)
- Erosion Protection As-builts Report (target date:Q3 , 2021).
Tom Kennedy, Klondike Silver CEO stated “Tetra Techhas been engaged to complete the required work as outlined above inthis news release. Completing the required work is the next steptowards realizing the Company’s ultimate objective to reactivatemining operations at its Silvana mine. Such work is required by theChief Gold Commissioner for British Columbia (in cancelling the FreeMiner Certificate). When the engineering reports are complete andreviewed by the appropriate government bodies, the Company will makean application for reinstatement of its Free Miner Certificate toallow continuation of its exploration activities. Until then, theCompany’s focus and objective will continue to be the resolution ofthe orders of the Mines Inspection Branch to addres s the current concerns abouttailings facilities. The Company is of the view that the timelinesfor resolution of the matters are realistic and expects to completethe necessary work within those timelines.”
Silver, Zinc and Lead ore from Klondike Silver’sSilvana mine was last processed in 2012-2013. The concentrate wasshipped from Klondike’s mill to the Teck smelter in TrailB.C.
The scientific and technical disclosure in this newsrelease has been reviewed and approved by David Makepeace, P.Eng.,Senior Geologist – Environmental Engineer at GeospectrumEngineering, who is an independent consultant to the Company andQualified Person as defined in NI 43-101.
About KlondikeSilver
Klondike’s Silvana Mine Silver ZincLead project is located inSouth Eastern B.C. , 138 km north of the TrailB.C. smelter. The Company is exploring, 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 produced1,258,000 kg of silver, 72 million kg of zinc and 158 million kg leadso far. (source: BC MINFILE).
Additional information can be found on the Companywebsite: 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 arebeyond the Company's control that may cause actual results orperformance to differ materially from those currently anticipated insuch statements.
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