Slocan Valley Silver Lead Zinc Camp Set to Rise Again
Momentum Public Relations
Press Release: June 28, 2017
Klondike Silver Highlights:
- – Klondike Silver has the largest land package in historic silver camp
– Klondike is the first company to apply modern exploration techniques to the historically prolific region
– Richard Hughes – who assembled Klondike’s land package previously assembled Integra’s Lamaque Gold Project which is now valued at $590 Million
– Potential for 50-100 years of production left in Klondike’s land package
– Low Capex assets with an existing mill on site
Minefinder Richard Hughes, who assembled the land package that became Integra Gold’s Lamaque Gold Project (Eldorado Gold recently offered $590 million to acquire Integra), also spent 10 years assembling Klondike Silver’s Slocan Valley land package. Along the way Hughes also discovered the Hemlo, Golden Giant, Golden Sceptre, Balmoral and Beaufor mines.
Historically, more than $35 billion in current values were taken out of the Slocan camp in silver, lead and zinc but the valley was never mined out. Instead, it fell prey to the cyclical nature of the mining industry and how it was originally staked in very small 1,500 by 1,500 foot claims. Because every claim holder thought their property was beyond value nobody would sell a claim; and because existing mines couldn’t expand, mining gradually tapered off and stopped.
That was in the 1890s. Now, Slocan – one of the five largest historic silver camps in Canada – is set to rise again, as Klondike Silver (TSXV: KS) gets set to launch exploration work on their 110 square km property.
Geologist David Makepeace – who was responsible for mining and exploration for the Silvana mine in Sandon (Dickenson Mines Ltd. 1983-1989) – believes that there is enough silver left in the camp to last 50-100 years at 100 tons per day.
Makepeace is currently building a 3D geological map of Slocan, which is expected to be finished in Q4 2017. When it is complete it will be used to establish drill campaign targets.
Klondike Silver will also benefit from a low capex. To begin with, the company already has a permitted 100 ton per day mill at Sandon; and secondly the company will be drilling from inside existing adits which means they don’t have to drill deep. Because the drill teams will be working inside a mine, they will not have to stop for winter.
Klondike has an added bonus: it is sitting on a zinc stockpile in the form of cobbed material left outside the mines when the price of zinc was so low there was no point in processing it. That zinc is now worth good money.
If you would like more information on Klondike Silver; listed on the TSX Venture exchange under the symbol KS, and with a market cap of C$6.15 million, or would like to arrange an interview with management please contact:
Juliette Benard, Director Media Relations
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