Drilling Update
KLONDIKESILVER.com
KS : TSX.V K1SN : FSE
804 – 750 West Pender St. Vancouver, B.C. Canada, V6C 2T7 T: 604.682.2928
DRILLING UPDATE
July 30, 2019 - Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS)
announces that the Company has received more and stronger assay results from the next three Diamond
Drill Holes (DDH). The following are the important intersections within the Main Lode and parallel
structures.
Hole Important Intersections Element
Number From To Length Silver Lead Zinc
(m) (m) (m) (g/t) (%) (%)
K-1129 8.09 8.38 0.29 2.2 0.11 0.38
48.46 48.77 0.31 2.6 0.09 0.26
49.99 50.44 0.45 2.1 0.04 0.12
50.44 51.29 0.85 1.5 0.05 0.13
K-1138 11.18 11.45 0.27 1.3 0.03 0.39
11.45 11.86 0.41 3.4 0.05 0.09
33.83 34.14 0.31 2.2 0.01 0.05
34.14 34.44 0.30 1.1 0.03 0.22
K-1137 6.30 6.93 0.63 1.7 0.05 0.13
6.93 7.45 0.52 3.9 0.06 0.22
7.45 7.84 0.39 10.9 0.20 0.01
14.15 14.54 0.39 2.3 0.03 0.17
37.47 37.80 0.33 1.5 0.08 0.18
58.78 59.44 0.66 3.9 0.07 0.11
59.44 59.80 0.36 1.1 0.01 0.05
All DDHs continue to intersect the Main Lode and parallel structures, as predicted in the 3D geological
model and are intersecting stronger mineralization within those structures. The drill is presently drilling
the seventh (7th) DDH of the original 13-hole drill pattern.
The core is being split by a diamond saw. Half of the sample is sent for assay and the remainder is
placed back in the core box. The assay samples are being sent to ActLabs in Kamloops , B.C., an
accredited laboratory (ISO/IEC 17025, Lab 790).
All samples are crushed to 80% passing 2 mm and then a 250 g riffle split is pulverized to 95% passing
105 µm (lab code: RX1) . A 0.25 g sample of the resulting pulp is di ssolved in 4- acid (near total)
digestion process. The solution is analyzed for 37 el ements with an ICP -OES instrument (lab code:
1F2). If individual sample (s) obtain a silver assay result above 100 ppm (g/t) with the 1F2 method, the
sample(s) are re -assayed for silver using a new 30 g of the sample pulp utilizing the fire assay with a
gravimetric finish (lab code: 8 -Ag). If individual sample(s) obtain a lead and/or zinc assay result (s)
above 5,000 ppm (0.5%) with the 1F2 method, the sample(s) are re -assayed for those elements using
sodium peroxide fusion (total digestion) and then re -run in an ICP -OES instrument (lab code: 8 -
Peroxide ICP-OES).
2
KLONDIKESILVER.com
KS : TSX.V K1SN : FSE
804 – 750 West Pender St. Vancouver, B.C. Canada, V6C 2T7 T: 604.682.2928
A series of QA/QC samples have been added to the sample stream at regular intervals including two (2)
CRMs, blanks and duplicates.
About Klondike Silver
Klondike’s Silvana Mine Zinc Silver Lead project is located in South Eastern B.C., 138 km north of
the Trail B.C. smelter. The Company is actively exploring from underground, the western extension of
the Silvana Mine, along the “ Main Lode ”. The “Main Lode” is a 9 km structure which is the most
prolific mineralized structure in the Slocan Mining Camp. There are 13 historical mines that are situated
along the 9 km “Main Lode” structure which has produced 886,000 kg of silver, 117 million kg lead and
95 million kg of zinc so far (source: BC MINFILE).
Tom Kennedy says: “All drill holes to date in tersect the Main Lode. The drill hole assays set out in
this News Release demonstrate that we are intersect ing stronger mineralization within the Main Lode
and parallel structures. Klondike is on the right track. Our goal is to discover rich Si lver Lead Zinc
mineralization known to occur along the 9 km Main Lode”.
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.
On Behalf of the Board of Directors Contact Information
Klondike Silver Corp. Corporate Inquiries:
"Thomas Kennedy" Dale Dobson: (604) 682-2928
Thomas Kennedy, B.Comm., J.D. Email: [email protected]
CEO, Director
This news release contains certain forward looking statements which involve known and unknown risks, delays, and
uncertainties 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. 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.
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.