Klondike Silver – Update
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
KLONDIKE SILVER – UPDATE
February 2 8, 2018 – VANCOUVER, Canada – Klondike Silver Corp. (the “Company”)
(TSX.V:KS):
KLONDIKE SILVER has been actively advancing the Silvana project. The project is focused on re-
activating the Silvana Mine by exploring along the 1.5 kilometers of unexplored Main Lode (the Silver
Mile”), immediately west of the Silvana Mine. Historically, the Main Lode s tructure has produced the
largest production of Silver, Lead and Zinc in the Slocan Mining Camp.
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 underground exploration of the “Silver Mile” will continue to explore the Main
Lode to its property boundary, 1.5 kilometers to the west.
A phased program of exploration drifting approximately 75 meters and then exploration drilling short
diamond drillholes t o intersect the Main Lode will be initiated. The Silvana Mine used this approach
2
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
very successfully over its 45 years of production. The Company anticipates that this approach will
discover new mineralization.
To achieve this goal , KLONDIKE SILVER is in the process of upgrading their surface and
underground infrastructure and using modern technology to strategically design the drifting and drilling
program. The Company is presently improving the ground support along the 4625 Cross -Cut and the
West Lateral Drift so that it can be used as the main haulage way for many years to come. Underhill
Geomatics of Kamloops BC has completed an accurate ground control survey of the surface
infrastructure and connected it to their UTM, NAD83 underground survey of the 4625 level workings.
This work has complimented the 2017 LIDAR survey and has greatly aided in transposing the
computerized 3D model into world coordinates. More accurate interpretations will now be possible as
new information is acquired through the drifting and drilling program. An application to amend the
active mine permit is being initiated for the drifting and drilling program. The mill is being upgraded so
that it can be re -connected to BC Hydro power. An application to reactivate the mill and tailing s ponds
is also being initiated, in anticipation of new mineralization being discovered in the upcoming drilling
program.
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.
Klondike Silver will be at booth 3234 at the PDAC Conference in Toronto, March 4-7, 2018.
The scientific and technical disclosure in this news r elease has been reviewed and approved by David
Makepeace, P. Eng. who is an independent consultant to the Company and qualified person as defined in
NI 43-101.
KLONDIKE SILVER CORP. is committed to the principles of factual, balanced and complete
disclosure.
About Klondike Silver
Klondike Silver’s Royalty Free SILVER LEAD ZINC land package (100 km 2) is located in the
SLOCAN MINING CAMP (Southeast British Columbia – 138 km North of Teck’s Silver Lead Zinc
smelter (Trail B.C.)). 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 the first real
opportunity to invest in and properly explore a sizeable portion of one of the most historic mining camps
in British Columbia. Klondike likes to think of the Slocan as the last best under explored Silver Lead
Zinc camp in Canada. For additional information please visit the company website
www.klondikesilver.com.
CONTACT INFORMATION
Corporate Inquiries:
3
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
Dale Dobson: (604) 682-2928
Email: [email protected]
On Behalf of the Board of Directors
Klondike Silver Corp.
"Thomas Kennedy"
Thomas Kennedy, B.Comm., J.D.
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 Cor p. 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 m ay 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.