First Stump Delivery Arrives on Schedule
July 31 2008 - 9:38PM
Marketwired
VANCOUVER, BC is pleased to announce the arrival of the first
delivery of lead-zinc-silver material from its Stump Property in
the Yukon to its wholly owned milling complex located in Sandon,
B.C. Approximately 2500 to 3000 tons of material from the Stump
will be delivered and processed over the next three months.
Four bulk samples, collectively comprising approximately 80 tons
of galena-rich material, were extracted from the Stump in 2007 and
returned values as high as 42% Pb and 47 oz/ton Ag (head grades
reported from the mill are listed on Table 1). The concentrate is
currently stored at the Sandon mill.
Table 1: Head Grades for Stump Bulk Sample
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Klondike Silver Corp. BULK SAMPLE: STUMP PROPERTY, YUKON
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Mill Run at Sandon, BC - Sept/Oct 2007
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Lens Sample Tonnage Pb Ag Ag Zn
(short tonnes) (%) (g/tonne) (oz/tonne) (%)
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B 2459 Head sample 8.7 39.87 1578 46.03 0.38
Lot B
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C 2464 Head sample 31.5 37.41 1416 41.30 0.37
Lot C
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E 2456 Head sample 27.0 39.32 1559 45.47 1.34
Lot E
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F 2461 Head sample 13.5 42.62 1612 47.02 0.30
Lot F
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Totals 80.7
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Klondike Silver recently entered into an agreement with a
smelter (see news release dated July 14, 2008) to process the
concentrate once the entire shipment has been milled.
The Stump property is wholly owned by Klondike Silver, subject
to a net smelter return royalty. It is road accessible and hosts
silver-lead veins that are part of a large mineral camp which
includes the former Ketza gold mine, 5 km to the west.
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.
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.
The statements made in this Press Release may contain
forward-looking statements that may involve a number of risks and
uncertainties. Actual events or results could differ materially
from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
Distributed by Filing Services Canada and retransmitted by
Marketwire
CONTACT INFORMATION Corporate Inquiries: Kevin Hull or Alan
Campbell (604) 685-2222 Email: Email Contact Or visit Klondike
Silver's web-site: www.klondikesilver.com to see Smartstox
interviews with our Company President. AGORACOM Investor Relations
Email: Email Contact Website:
http://www.agoracom.com/ir/KlondikeSilver Klondike Silver Corp.
#711-675 West Hastings Street Vancouver, B.C. CANADA V6B 1N2
TELEPHONE: (604) 685-2222 FAX: (604) 685-3764
www.klondikesilver.com
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