Klondike Silver Corp

Published : August 16th, 2007

SANDON MINING COMPLEX COMMENCES MILLING

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KLONDIKE SILVER CORP.

711-675 West Hastings Street, Vancouver, B.C. V6B 1N2 (604) 685-2222 *Fax: (604) 685-3764

 

FOR IMMEDIATE RELEASE           

TSXV: KS

August 15, 2007                                                                                            

www.klondikesilver.com                             

SANDON MINING COMPLEX COMMENCES MILLING

 

Klondike Silver Corp. (TSX-V: KS) is pleased to announce that it is planning the opening of its Sandon Mining Complex in Sandon, British Columbia, Canada.  The Company has been rehabbing old underground workings at its Silvana Mine and the Wonderful Property both located within 5 kilomtetres of the Company’s Sandon Mill.  This rehab work has exposed several lead-zinc-silver veins, some of which have already had development work conducted.  The Company intends to commence the mining of some of these veins in August while it continues exploration work on other properties and target areas located within trucking distance of the Sandon Mill. 

The Company has scheduled the commencement of rehab work at its Hinckley Mine also located within 5 kilometres of the Sandon Mill.  The Company is looking for several areas to draw material for processing at its Sandon Mining Complex.  The Company has a full suite of drills, trucks, loaders and other equipment necessary to commence mining in various areas.

The Sandon Mill is a 100 ton per day mill which the Company has renovated and upgraded where required.  Mining permits for the Silvana Mine, environmental permits for processing, underground operation permits have all been either previously received or applied for and approved.  The Company hopes to have sufficient mill feed in order to commence running ore through the Sandon Mill in September. 

The Company is also pleased to report that it has completed a private placement of 3,500,000 units at a price of $0.40 per unit (737,500 units each consisting of one flow-through common share and one common share purchase warrant, and 2,762,500  units each consisting of one non flow-through common share and one common share purchase warrant). Each common share purchase warrant will entitle the holder to purchase one common share for a period of two years at price of $0.40 per share in the first year and at a price of $0.50 in the second year.  In connection with the transaction, the following parties were paid cash commissions totaling $51,680: Gateway Securities Inc., Standard Securities Capital Corp. and Research Capital Corp.  Any shares issued will be subject to a hold period expiring on December 10, 2007.  Proceeds of the private placement will be used to conduct preliminary assessment work on the Company's newly staked properties in Mexico and for general working capital.

On behalf of the Board of Directors

KLONDIKE SILVER CORP.

Richard W. Hughes(signed)
President

For Further Information Contact: The Hughes Exploration Group

Visit the Company’s website:  www.klondikesilver.com to see the Smartstox Report in which Stanlie Hunt interviews Klondike Silver Corp. President Richard Hughes.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the corporation’s control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

 

 

Klondike Silver Corp

EXPLORATION STAGE
CODE : KS.V
ISIN : CA4987222060
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Klondike Silver is a silver exploration 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$ 2.2 millions as of today (US$ 1.6 millions, € 1.5 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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