BC Mines Act Permit Approval
Suite 804 – 750 West Pender Street T: 604.682.2928
Vancouver, B.C., V6C 2T7 Canada F: 604.685.6905
www.KlondikeSilver.com TSX.V: KS / FSE: K1SN
BC Mines Act Permit Approval
August 20, 2018 - Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSX.V:KS):
KLONDIKE SILVER is very pleased to announce that the BC Ministry of Energy, Mines and
Petroleum (EMPR) has approved the Company’s Application to Amend the Silvana Mine , Mines Act
Permit M-65 Mine Plan and Reclamation Program.
The amendment approval gives Klondike the Green Light to immediately proceed to explore and drill
the under-explored section of the “Main Lode”, referred to as the “Silver Mile”. The “Main Lode” is the
most productive silver-lead-zinc vein in the Slocan Mining Camp, southeast British Columbia.
Klondike Silver issued a News Release dated February 28, 2018 which contained the following
information:
“In the fall of 2017, Company staff took several chip samples from stope pillars and raises between the 4625 and
4755 level, west end workings of the Silvana Mine. The results are listed below:
Sample Silver Lead Zinc
Number (oz/t) (g/T) (%) (%)
1675 37.5 1,285 16.3 15.3
1676B 328.1 11,250 23.4 32.6
1677 41.6 1,425 12.8 24.7
1678 220.2 7,550 0.6 40.2
Note: 1 troy ounce per short ton (g/t) = 34.2857 grams per metric tonne (g/T)
Company staff also explored the Carnation 5480 level which is the lowest and most easterly of the Carnation
workings. Sampling of the footwall Main Lode are listed below:
Sample Silver Lead Zinc
Number (oz/t) (g/T) (%) (%)
1367 41.4 1,419 1.5 37.4
1369 23.5 806 3.1 41.1
1370 96.8 3,319 58.6 6.3
1371 54.5 1,869 5.6 45.9
Note: 1 troy ounce per short ton (g/t) = 34.2857 grams per metric tonne (g/T)
The high silver assay values with respect to lead assay values in some of the samples are attributed to
Pyrargyrite, also known as Ruby Silver rather than Argentiferous Galena.
The distance between the western end of the Silvana Mine (4625 West Lateral Dr ift) and the eastern end of the
Carnation workings (Carnation 5480) is approximately 350 meters. The Company’s goal is to advance the
Silvana 4625 West Lateral Drift and new internal levels and raises to eventually connect to the Carnation 5480.
This under ground exploration of the “Silver Mile” will continue to explore the Main Lode to its property
boundary, 1.5 kilometers to the west.
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Suite 804 – 750 West Pender Street T: 604.682.2928
Vancouver, B.C., V6C 2T7 Canada F: 604.685.6905
www.KlondikeSilver.com TSX.V: KS / FSE: K1SN
All samples in this news release were analyzed at ALS Canada Limited, North Vancouver. Samples were crushed
to 70% < 2mm (Code: CRU-31), riffle split (Code: SPL-21) and pulverized to 85% < 75µm (Code: PUL-31). The
subsequent pulps were digested using a four -acid solution and assayed using an ICP -AES instrument (Code:
OG62). Silver samples that were over the detection limit used a 30 g Fire Assay with a Gravimetric Finish
method (Code: Ag-GRA21 or Ag-CON01). Lead and zinc samples over the detection limit used classical titration
methods (Code: Pb-VOL70 and Zn-VOL50 respectively). ALS Canada is a certified ISO/IEC 17025:2005 and ISO
9001:2015 compliant facility which incorporated their standard QA/QC laboratory procedure to the above
samples.”
The samples in the news release dated February 28, 2018 set out above were selective samples and are
not necessarily representative of the mineralization hosted on the property.
The Company will now proceed with extending the 4625 West Lateral Drift, create a diamond drill
station and will then drill an initial fan pattern of diamond drill holes to intersect the “Silver Mile”
section of the “Main Lode”. The data from this initial drill program will be used in planning the next
section of exploration drifting and drilling. Should Silver-Lead-Zinc mineralization be intersected by
the drilling, additional holes will be added to the program to delineate these mineralized pods. This
methodical testing of the Main Lode has been very successful in extending the life of the Silvana Mine
over the past 40 years.
About Klondike Silver
Klondike Silver’s royalty-free SILVER LEAD ZINC land package (100 km2) is located in the historic SLOCAN
MINING CAMP, southeast British Columbia. It is 138 km north of Teck’s Trail BC Lead-Zinc smelter. Based
on the British Columbia MINFILE mineral database, sixty-eight (68) of the one hundred and seventy -three (173)
past producing Silver Lead Zinc mines in the Slocan Mining Camp are located in the Klondike Silver land
package. Klondike Silver has created (with the use of modern technology) the first real opportunity, in the history
of the camp, to invest in and properly explore a sizeable portion of one of the most historic mining camps in
British Columbia. Klondike considers the Slocan the best under -explored Silver Lead Zinc camp, in Canada.
For additional information please visit the Company’s website www.klondikesilver.com.
The scientific and technical disclosure in this news release has been reviewed and approved by David Makepeace,
P.Eng., Senior Geologist – Environmental Engineer for Micon International Limited, who is an independent
consultant to the Company and Qualified Person as defined in NI 43-101.
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
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertaintie s
not under the control of Klondike Silver Corp. which may cause actual results, performance or achievements of Klondike Silver
Corp. to be materially different from the results, performance or expectation implied by these forward looking statements. B y their
nature, forward looking statements involve risk and uncertainties because they relate to events and dep end 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.
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.