VANCOUVER, BC-(July 10, 2008) - Klondike Silver Corp. (TSX-V: KS) (PINKSHEETS: KLSVF) is pleased to report that the underground diamond drill station on level 4 in the Wonderful Mine, on a heading down dip from the McLanders zone, (grab values reported as high as 79% lead and silver as high as 197 oz per ton as previously reported), has been completed with the diamond core drill program now underway. Over eight hundred feet of drilling will complete this first phase of exploration of the zone between level three and four.
The diamond drill program is designed to test the steeply dipping mineralized vein that was discovered in a raise being driven from number four level to number three level. The raise, which is now approximately 80% complete, follows a mineable mineralized structure, with a mineable width that continues to increase. The drilling will test the width of the vein both along strike and down dip of the raise. The diamond drill station is located approximately 20 metres on the hanging wall side of the vein.
Vein samples have been sent in for assay and results are pending.
Management is encouraged and pleased by the progress made in the Wonderful and the exploration taking place to discover new zones.
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/KlondikeS...
