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Re: News Releases - Wednesday, August 20, 2008
Connaught Update
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Klondike Silver Corp. is pleased to provide an update regarding the
Connaught property, a road accessible silver-lead prospect located west
of Dawson City in Yukon Territory. Work at this property is being done
through a 50-50 joint venture with ATAC Resources Ltd.
The 2008 exploration project at the Connaught property had four main
objectives -- all of which have been successfully achieved:
1) to ready known silver and lead-rich veins for future bulk sampling;
2) to establish grades and geometries of known veins for future diamond
drilling;
3) to discover additional veins in poorly exposed areas where soil
geochemical and/or geophysical surveys had identified potential; and,
4) to expand soil geochemical coverage to recognize more vein targets
in areas that had received little or no previous exploration.
Assays are pending for approximately 4000 soil samples and 280 rock,
chip and channel samples, collected during the 2008 program. The soil
sampling covered approximately 10 sq km, bringing total coverage to
about 39 sq km or 60% of the property. The various types of rock
samples were mostly taken from bedrock exposed in four open cuts dug
along veins where bulk sampling is expected to be done in 2009 or from
44 exploration trenches, which exposed four new vein zones.
The Connaught property has seen small-scale historical production of
silver and lead from galena-rich lenses in veins. Klondike Silver
contemplates extracting bulk samples of similar mineralization and
shipping those samples directly to a smelter or processing them at its
mill in Sandon, BC to produce a concentrate for smelting. The Company
is currently conducting a bulk sampling program on silver- and
lead-rich veins at its wholly owned Stump property in southeastern
Yukon.
The work at the Connaught property is being supervised by Bill
Wengzynowski, P Eng. who is the qualified person for the projects as
defined by National Instrument 43-101. Mr. Wengzynowski has reviewed
the technical content of this news release.
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/KlondikeSilver
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Copyright (c) 2008 KLONDIKE SILVER CORP. (KS) All rights reserved.
For more information visit our website at
http://www.klondikesilver.com/ or send mailto:info@klondikesilver.com
Message sent on Wed Aug 20, 2008 at 1:59:26 PM Pacific Time
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