VANCOUVER, BC – (July 17, 2008) - Exploration and geological mapping by Klondike Silver Corp. (TSX-V: KS) (PINKSHEETS: KLSVF) on their wholly owned Hewitt-Van Roi property at the southern end of the Slocan Silver camp has discovered new showings of zinc-lead-silver vein mineralization. One occurrence, comprising a thin, massive sphalerite vein, is within an approximate 1 meter thick quartz breccia that trends parallel to the main veins of the Slocan camp. It is possible that the vein is a surface expression of the underground lode zone that was mined at the Van Roi property, which produced more than 2.78 million ounces (59 million grams) of silver, 8,091 tonnes lead and 7,600 tonnes zinc. A second vein discovery in the area, near the historical “CDO” showing, comprises massive galena, sphalerite and pyrite, also within a quartz breccia vein structure. Analyses of grab samples from the CDO showing, reported in BC Assessment Report 19463 returned values up to 51 oz/t Ag, 26.4% Pb, and 0.78% Zn. Follow-up evaluation and analyses of these two new showings are underway.
A soil grid on the western part of the Hewitt-Van Roi property is now complete, and ampling has begun on the eastern grid. As well, a ground geophysical program, following up on airborne anomalies, has begun. This survey should help define structures that appear to be related to the main mineralizing trends in the camp.
Geological mapping of the Hewitt-Van Roi property, at a scale of 1:5,000, is expected to be completed within a few weeks by geologist M. Seabrook. Assays on the CDO (which yielded 0.16 oz/t Au, 51 oz/t Ag, 26.4% Pb, 0.78% Zn, and 0.13% Cu) are given in ARIS Assessment Report 19463 and have helped define trends of some of the major structures, and the controls of mineralization. Prospectors have been contracted to further prospect the area, and to follow up on both geophysical and soil geochemical anomalies. This work should continue into August with the goal of discovering both new mineralization and extensions of past workings at both the Hewitt and Van Roi properties.
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.
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...
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.
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