Klondike Silver Closes Private Placement
Momentum Public Relations
Press Release: January 24, 2018
Klondike Silver Corp. (the “Company”) (TSX.V: KS): The Company announces that it is closing the second and final tranche of the non-brokered private placement (the “Private Placement”) announced November 29, 2017. The second tranche represents 10,000,000 units raising gross proceeds of $500,000. The first tranche closed December 1, 2017 and also represented 10,000,000 units raising gross proceeds of $500,000. All shares are subject to a four month hold period which will expire on April 2, 2018 for tranche one and May 25, 2018 for tranche two. In connection with the placement, the Company paid a finder’s fee of $82,700 to qualified finders. Completion of the Private Placement is subject to the approval of the TSX Venture Exchange. The net proceeds will be used for advancing Klondike’s Silver Lead Zinc project and for general working capital.
About Klondike Silver
Klondike Silver’s Royalty Free SILVER LEAD ZINC land package (100 km2) 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:
Dale Dobson: (604) 682-2928
Email: dale.dobson@klondikesilver.com
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 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.
- Published in Klondike Silver Corp.
Slocan Valley Silver Lead Zinc Camp Set to Rise Again
Slocan Valley Silver Lead Zinc Camp Set to Rise Again
Momentum Public Relations
Press Release: June 28, 2017
Momentum PR is pleased to have produced an informative and comprehensive report on Klondike Silver, available on the Momentum PR Website.
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.
The Momentum PR informative and comprehensive report on Klondike Silver is available on the Momentum PR Website.
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:
Momentum PR
Juliette Benard, Director Media Relations
+1.450.332.6939
About Momentum PR
Momentum PR is a cutting-edge public and investor relations consulting agency representing companies within the Canadian investment community.
Since 2009, Momentum PR has been servicing small and mid cap Canadian listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies through online and offline channels.
Disclaimer:
All editorial content contained herein is solely the responsibility of Momentum PR and does not reflect, in any way, the opinions of TheNewswire.ca Inc., its partner newswires and / or associated news services.
- Published in Klondike Silver Corp., Mining, News Home
Momentum Reports – Klondike Silver – June 2017
- Published in Blog, Klondike Silver Corp., Mining, News Home
Reviving the Slocan Mining Camp
Reviving the Slocan Mining Camp
Momentum Public Relations
Press Release: May 26, 2017
Vancouver, Canada / TheNewswire / May 26, 2017 – (TSX.V: KS) Further to the News Releases dated Oct 12, 2016 and March 3, 2017: Klondike Silver Corp. has one of the most unique silver-lead-zinc projects in Canada. Klondike’s Slocan Mining Camp is a 100 square kilometre brownfields project located in southeastern British Columbia, a safe and stable jurisdiction. The project has an active Mine Permit, a 100 ton per day mill and a licenced tailings pond facility. The mill has power, water and an all-weather system of roads and highways as well as a large educated population nearby, to draw on. The mill is 1.5 hours from Teck Corp.’s Trail lead-zinc smelter and one hour from the main airport and rail system in the area. Once additional economic mineralization is identified, production can start almost immediately. Underground drilling necessary to identify additional economic mineralization is scheduled to commence in the fall of 2017.
David Makepeace, Technical Advisory Board Member provides 3D Model update:
The construction of the Main Lode 3D model is progressing. The model now incorporates eight past producing mines, with their respective ore bodies, some faults, topography with surface features, soil geochemical data and selective surface and underground diamond drill holes. More data is being input regularly from the volume of historical data available. Presently, the data for the model is based on the main local mine grid which is in imperial measurements. The model will be transformed into UTM (metric) coordinates once the LIDAR survey is complete the two will be meshed together.
Eagle Mapping Ltd. is currently contracted to commence the LIDAR SURVEY once the Slocan Mining Camp is snow-free.
About Klondike Silver
Klondike Silver’s Silver Lead Zinc land package is over 100 km2 – the largest land package in the Slocan Mining Camp (Southeast British Columbia – 138 km North of Teck’s Lead Zinc smelter (Trail BC)). 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 Silver 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 camp in Canada.
For additional information please visit the company website www.klondikesilver.com.
CONTACT INFORMATION
Corporate Inquiries:
Dale Dobson: (604) 682-2928
Email: dale.dobson@klondikesilver.com
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 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.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Klondike Silver Corp., Mining, News Home
Industrial Demand Will Support Silver ETFs
Industrial Demand Will Support Silver ETFs
Even if safe-haven demand for hard assets abates, silver exchange traded funds could continue to find support out of the industrial sector as the precious metal is a major component in many manufactured products.
For instance, silver used in the photovoltaic panel industry is growing and could reach record levels in 2018, Maxwell Gold, Director of Investment Strategy for ETF Securities, said in a note.
“Silver’s unique reflective and conductive properties make it a key component in capturing and generating electricity through sunlight,” Gold said. “The fastest growing industrial segment for silver has been its use in photovoltaic (PV) panels for solar energy. This has resulting in demand for solar PV usage becoming a key component for the silver market.”
As the solar panel industry expands, silver will also enjoy greater industrial demand. Global solar photovoltaic annual installed capacity is expected to hit 112 gigawatts by 2021, with cumulative increase in solar electricity capacity of 506 gigawatts over the next five years, according to GTM Research.
“This should boost silver demand which uses about 2/3 ounce of metal per PV panel,” Gold said.
While some observers may be worried about policy and tax incentives under President Donald Trump’s administration’s America First Energy Plan, which lacks any mention of renewable energy, the ongoing improvements in technology and rising economies of scale could continue to support the solar industry, along with silver demand.
The solar segment is not limited to the U.S. either as the international community has increasingly turned greener. Many overseas economies are adapting solar panels and other renewable energy sources to reduce emissions in an attempt to combat global warming pressures. For instance, China, the leader in solar energy, continues to expand clean energy initiatives with photovoltaic capacity.
“A combination of higher inflation, a weakening US dollar (in first half of year) and improving manufacturing growth is likely to see silver prices trade in the $20-22/ounce range in 2017,” Gold projected.
Comex silver futures are currently trading around $18.18 per ounce, with the ETFS Physical Silver Shares (NYSEArca: SIVR) up 13.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} year-to-date.
Max Chen
- Published in Blog, Klondike Silver Corp., Mining