Klondike Silver Continues Drilling
804-750 WEST PENDER STREET
VANCOUVER, B.C. CANADA V6C 2T7
TELEPHONE: 604-682-2928
FAX: 604-685-6905
Our Vision: Silver/Zinc/Lead Production WWW.KLONDIKESILVER.COM
TSX-V: KS FRA: K1SN
KLONDIKE SILVER CONTINUES DRILLING
June 22, 2023 - Vancouver, Canada –Klondike Silver Corp. (the “Company”) (TSXV: KS | OTC: KLSVF |
WKN: A1H8T1) is pleased to report on progress from its current underground drill program from workings at the
Silvana Min e, targeting western extensions of the mine outside of the historic Silvana cl aim block that the
Company owns in southeastern, British Columbia.
Drill holes from this first phase of drilling were laid out to intersect, map and model the extensions of vein
structures down dip of three mineralized lodes from surface on the Silvana Mine claims, with the intention of
targeting silver, zinc and lead mineralization in the Company’s next phase of drilling.
Five holes were drilled in a fan southerly from drill s tation 2. Four of the holes intersected the Main Vein
structures that were projected downwards from the surface workings of the historic Jennie Lind- Read and
Evening Lode mines and one hole was ended short of the zone in a fault with a strong flow of water . Drilling is
now oriented northerly from station 2 to intersect downward projections of the Carnation Hanging wall and Foot
wall Lodes.
Core logging is under way. Intervals of core have been marked for sampling; these cores will be sawed
lengthwise with one half bagged and sent to an independent lab for analyses, and one half retained for further
inspection.
Klondike president and CEO, Mr. Tom Kennedy stated “We are extremely pleased to have intersected an
extension of the Main Vein structure that sup ported production at the Silvana Mine and numerous other historic
mines on the company’s tenure in the Slocan Mining Camp. The Company’s Silvana Silver Mile target is an area
1.5km along strike and between the Mammoth and Silvana Mines that has yet to be f ully explored due to
fractured ownership, which is a common theme in areas of British Columbia with significant historic mining
activities dating back more than 100 years. The Silvana Silver Mile is 100% within Klondike’s claim block.
Klondike’s management and exploration teams are encouraged by the potential to find and develop a resource in
the Main Vein structure between the Mammoth and Silvana mines in the Company’s 1.5km Silv ana Silver Mile
zone, as combined past production of the Main Lode included 28 million oz silver, 209 million lbs zinc and 258
million lbs lead.
The technical information in this news release has been reviewed by Locke Goldsmith, M.Sc., P. Eng, P. Geo., a
qualified person with respect to NI 43-101.
About Klondike Silver
• Klondike’s Silvana Mine Silver Zinc Lead project is located in South Eastern B.C.
• Klondike’s 114 square kilometer claim block is 138 km north of the Trail B.C. smelter.
• Klondike Silver is exploring from underground, along the 9 km “Main Lode”. The “Main Lode” is the
most prolific mineralized structure in the Slocan Mining Camp.
• There are 13 past producing mines that are situated along the “Main Lode” which have produced
886,000 kg of silver, 95 million kg of zinc and 117 million kg lead so far. (source: BC MINFILE).
• There are 67 past producing mines that are situated in Klondike Silver’s 11 4 square kilometer claim
block. (source: BC MINFILE).
804-750 WEST PENDER STREET
VANCOUVER, B.C. CANADA V6C 2T7
TELEPHONE: 604-682-2928
FAX: 604-685-6905
Our Vision: Silver/Zinc/Lead Production WWW.KLONDIKESILVER.COM
TSX-V: KS FRA: K1SN
On Behalf of the Board of Directors
KLONDIKE SILVER CORP
CEO and Director
“Thomas J. Kennedy”
Additional information can be found on Klondike Silver’s website: www.klondikesilver.com
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. The TSX Venture Exchange has not
reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or
accuracy of the contents of this news release.
Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute “ forward-looking information” under applicable Canadian
securities legislation. Forward -looking information includes, but is not limited to, statements about strategic plans, future
work programs and objectives and expected results from such work programs. Forward- looking information necessarily
involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability
to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable
terms; and other risks.
Forward-looking information is necessarily based upon a number of est imates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and
future events to differ materially from those expressed or implied by such forward -looking information and the risks
identified in the Company’s continuous disclosure record. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such i nformation. Accordingly,
readers should not place undue reliance on forward -looking information. All forward- looking information contained in this
news release is given as of the date hereof and is based upon the opinions and estimates of management and in formation
available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise, except as required by law .