- DRILLING TESTS NUMEROUS SOIL ANOMALIES WHERE SIGNIFICANT OVERBURDEN LIMITS TRENCHING
VANCOUVER, BRITISH COLUMBIA-(Oct. 26, 2009) - Klondike Silver Corp. (TSX VENTURE:KS) (the "Company") is pleased to announce the completion of the first phase of a drilling program testing in the Hewitt - Van Roi area in the southern part of the Slocan camp. Four holes have been drilled in the first-phase of this program to test for extension of structures and mineralization to the west, beyond the known workings. Upon completion of these initial holes the Company may initiate a second phase, dependent on results and weather limitations. Due to the high elevation of the target area the second phase may be postponed until the following spring. The Company is also drilling underground in the past producing Silvana Mine.
To view a map of the Hewitt - Van Roi and other areas of exploration in the Slocan Camp click on the following link:
http://www.klondikesilver.com/i/pdf/08-07-02-Slocan-3.pdf
The Hewitt - Van Roi exploration area includes the past-producing Hewitt and Van Roi Mines, which produced approximately 400,000 tonnes averaging 300.5 g/t silver and 2.8% lead (Van Roi) and 529 g/t silver and 1.5% lead (Hewitt). During the 2009 spring/summer regional exploration program the Company completed a number of soil grids and geophysical surveys, focusing on the area immediately west of the Hewitt Mine. Targets identified from these surveys are guiding the current program.
Several holes defined small structures, one containing minor sulphides, that paralleled the Hewitt vein system. The final hole in this initial phase discovered a wide structural zone, on strike with the Hewitt vein and believed to the extension of the lode system. Further drilling of this structure is warranted, in order to locate potential mineralization within it.
Data collected from drilling will be compiled and used in the planning of the Company's 2010 spring/summer regional exploration program.
The Qualified Person for the purpose of National Instrument 43-101 is Trygve Hoy, PEng, PhD who has read and agreed with the technical information in this news release.
About Klondike Silver:
Klondike Silver Corp. has assembled a quality portfolio of silver properties in historic mineral districts in North America, and is applying advanced exploration technologies to add value to these core assets. Klondike Silver is reviving the Gowganda and Elk Lake silver camps in Ontario, and the world-famous Klondike district of Yukon Territory. The Company owns a 100 TPD fully operational flotation mill in Sandon, BC, which is currently processing material from one of its Yukon properties and local mines in the historic Slocan Silver Camp.
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.
Visit Klondike Silver's web-site: www.klondikesilver.com to see Smartstox interviews with Company President, Richard Hughes.
The statements made in this news 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 or contents of this news release.
CONTACT INFORMATION:
Corporate Inquiries:
Klondike Silver Corp.
Kevin Hull or Alan Campbell
(604) 685-2222
info@klondikesilver.com
or
AGORACOM Investor Relations
KS@agoracom.com
www.agoracom.com/ir/KlondikeSilver
