Klondike Silver Corp

Published : December 11th, 2015

Klondike Silver Clarifies Its Disclosure About Reserves And Economic Analysis At The Sandon-Silvana Project

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Klondike Silver Clarifies Its Disclosure About Reserves And Economic Analysis At The Sandon-Silvana Project

November 18, 2015 - Vancouver, Canada -- Klondike Silver Corp. (the 'Company') (TSX.V: KS) announces as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure.

In its corporate presentations dated May 2015 and October 2015, and in a post titled 'Bottom Line Report, August 2014' on its website (collectively the investor materials), the Company reported 'significant zinc reserves are believed to remain', 'many easily accessible orebodies remain', and made other similar disclosures. The investor materials also reported results of an economic analysis based on delivering mill feed to the Sandon mill, including feed quantities and grades, concentrate quantities and grades, costs, revenues and profits. This disclosure is not compliant with National Instrument 43-101 (NI 43-101) and has been removed from the Company's website. The Company clarifies that it's Slocan mineral properties do not have current mineral resource estimates to provide the basis for a preliminary economic assessment (PEA) or other economic analysis suitable for public disclosure under NI 43-101, and does not have any Canadian Institute of Mining, Metallurgy and Petroleum (CIM) defined mineral reserve estimates.

Klondike Silver hereby retracts previous disclosure with the inappropriate terms; ore, ore body, production and reserves where they incorrectly implied a mineral reserve. The Bottom Line Report referred to above was not produced by the Company, it may potentially still be available online or in printed form. Investors and potential investors should not rely upon the Bottom Line Report and the other investor materials.

The company also retracts the non-compliant disclosure of the above economic analysis. Contrary to NI 43-101 this analysis relied on past production information and no current basis exists in the form of a mineral resource estimate.

The Company plans to complete an update of the Slocan project in the form of a report as defined in section 1.1 of NI 43-101. The technical report will reflect the current stage of advancement for the project. The timing of the report is estimated to be summer 2016.

The scientific and technical disclosure in this news release has been reviewed and approved by J.W. Morton P.Geo. who is an independent consultant to the Company and qualified person as defined in NI 43-101.

Klondike Silver Corp. is committed to the principles of factual, balanced and complete disclosure.

About Klondike Silver Corp.
Klondike Silver Corp. has assembled a portfolio of silver exploration properties throughout Canada, most notably, in the historic Slocan Mining District southeastern British Columbia. This camp has produced silver since the first discoveries in the late 1800s. Klondike Silver is the primary land-holder controlling a majority of the camp and the permitted, 100% owned 'Sandon Milling Complex'. In this land package there are approximately 150 past producing mines. Klondike views the Carnation zone and the 'Silver Mile' at the Silvana location as the primary exploration targets.

For additional information please visit the company website www.klondikesilver.com.

CONTACT INFORMATION

Corporate Inquiries:
Dale Dobson: (604) 682.2928
Email: [email protected]

On Behalf of the Board of Directors
Klondike Silver Corp.
'Thomas Kennedy'
Thomas Kennedy
CEO, President and Director

'Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.'

Cautionary note:
This report may contain forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as 'reserves' unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Read the rest of the article at www.noodls.com
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Klondike Silver Corp

EXPLORATION STAGE
CODE : KS.V
ISIN : CA4987222060
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Klondike Silver is an exploration silver company based in Canada.

Klondike Silver holds various exploration projects in Canada.

Its main exploration properties are HEWITT VAN ROI, GOWGANDA - ELK LAKE SILVER CAMPS, SLOCAN and CONNAUGHT in Canada and MEXICO PROJECTS in Mexico.

Klondike Silver is listed in Canada and in United States of America. Its market capitalisation is CA$ 8.4 millions as of today (US$ 6.3 millions, € 5.4 millions).

Its stock quote reached its highest recent level on January 21, 2011 at CA$ 1.00, and its lowest recent point on December 18, 2015 at CA$ 0.01.

Klondike Silver has 111 370 000 shares outstanding.

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Financings of Klondike Silver Corp
5/25/2012Private Placement Opents
3/31/2011Shareholders Approve Consolidation
Project news of Klondike Silver Corp
6/22/2010(Connaught)Completes First Phase of Gold and Silver Exploration Program...
6/1/2010(Connaught) Commences 2010 Gold and Silver Exploration Program at Conna...
10/20/2009(Slocan)Commences Underground Drilling in 4625 East Decline
10/30/2009Samples 1705 g/t Silver, 1.71 g/t Gold, and 12.2% Lead more ...
10/26/2009(Slocan)Completes Drilling at Hewitt -- Van Roi
10/7/2009(Slocan)Commences Drift Extension into Lode Structure to Test for Mi...
7/23/2009Increases Land Position in Slocan Silver Camp and Closes Pri...
6/26/2009Increases Land Position in Slocan Silver Camp and Closes Pri...
6/12/2009(Slocan)2009 Regional Exploration Program Underway in the Slocan Sil...
5/28/2009(Slocan)Drilling Commences On Highly Prospective Segment Of The 'Mai...
12/8/2008(Wonderful)Wonderful Mine - Raise And Level 3 Sampling Results - Up To ...
8/20/2008(Connaught)Connaught Update
7/31/2008(Stump)First Stump Delivery Arrives on Schedule
7/11/2008(Wonderful)Diamond Drilling Program on the Wonderful Underway
6/27/2008(Stump)Yukon & Silvery Slocan Update
Corporate news of Klondike Silver Corp
7/14/2016Klondike Silver - Grants Options
7/12/2016Klondike Silver - Engages Investor Relations Firm
7/5/2016Klondike Silver - Files A NI 43-101 Technical Report
6/27/2016Klondike Silver - Corporate Update
6/22/2016Klondike Silver - Grants Options
6/2/2016Klondike Silver - Closes Private Placement
5/11/2016Klondike Silver Announces Proposed Private Placement
1/29/2013(Slocan). Increases Production at the Silver Slocan Mining Camp, Bri...
1/8/2013(Slocan). Executes Agreement to Option a Portion of the Silver Sloca...
6/27/2011Jack Miller, P.Eng. Joins Kiska's Board of Directors, Key Pe...
6/3/2010Discovers Mineralization within 20 foot Intersection of Silv...
12/21/2009Cuts New Drill Station and Continues Drift Westward in Footw...
11/5/2009Plans Follow-up Program on Drill Intersection of 2393 g/t S...
9/22/2009Samples 17.59% Pb, 1.12% Zn, 687g/tonne Ag and Completes 10 ...
8/27/2009Discovers Western Extension of Lode Structure on Initial Und...
6/17/2009Samples 351 g/t Silver, 10.29% Lead, and 8.1% Zinc in Jackso...
3/2/2009To Focus On Core Assets In 2009
12/23/2008Acquires Clagor Property
11/27/2008Acquires Mexican Properties
8/19/2008Significant Land Package Optioned Adjacent to U.S. Gold Corp...
8/19/2008Concentrate Shipments Begin
7/18/2008New Discoveries: Hewitt-Van Roi Project, Slocan Camp, Southe...
7/15/2008Agreement for Sandon Concentrate Reached
7/9/2008EXPLORATION UPDATE ON ESPIRITU, EL CUERVO, SUZANNE & OFELIA
7/2/2008Expanded Successful Regional Exploration is Well Underway in...
4/24/2008ACQUIRES LARGE MEXICAN MINERAL CONCESSION
4/24/2008Retains AGORACOM to Provide Investor Relations
10/17/2007REEVES LAKE PROPERTY ACQUIRED
10/12/2007CLEAVER PROPERTY ACQUIRED
9/14/2007ANVIL SILVER PROPERTY ACQUIRED
9/14/2007STUMP PROJECT
9/14/2007SOUTH BAY PROPERTY ACQUIRED
8/16/2007SANDON MINING COMPLEX COMMENCES MILLING
5/30/2007Santa Lucia Update
5/10/2007Announces 2007 Yukon Exploration Programs
4/6/2007Property Acquisition
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