KLONDIKE SILVER CORP.
FOR IMMEDIATE
RELEASE
TSXV: KS
www.klondikesilver.com
September 12,
2007
ANVIL SILVER PROPERTY ACQUIRED
Klondike Silver Corp. (TSXV: KS) is pleased
to announce, subject to regulatory approval, the acquisition of a 100% interest
in the Anvil Silver Property. The Property is road accessible and is
located about 35 kilometers south of Elk
Lake, Ontario in the Van Nostrand Township, Larder Lake Mining
Division. Consideration for the Property consists of $80,000 and 300,000
shares issued over a period of 36 months. There is a 2% net smelter
return payable, half of which may be purchased for $1,000,000.
The
Anvil Silver Property consists of three
claims totaling 1,880 acres in 47
units. The Property is located in the
historic Elk Lake Silver Camp in an area underlain by the Nipissing Diabase and
Gowganda Formation. There are numerous historical silver workings
on the property, including the Bergeron
Lake deposit, Darby Silver Mine, the Goldie Lake
deposit, the Niccolite
Lake deposit and the
White Reserve mine. These were first discovered in the early 1900s, with
limited work reported to be carried out through the 1970s. The area is
considered prospective for silver, cobalt, nickel and copper mineralization.
The
Company plans to complete a compilation of historical work followed by
prospecting and state-of-the-art ground geophysical and geochemical techniques
to identify the strike extent of historical workings, prior to trenching and
drilling.
On behalf of the
Board of Directors
KLONDIKE SILVER CORP.
“Richard W. Hughes” (signed)
President
For Further Information Contact: The Hughes Exploration Group
at (604) 685-2222
Or 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.