Mining Companies - Silver Companies

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Klondike Silver Corp has assembled a portfolio of silver properties in historic mineral districts in North America, and is applying advanced exploration technologies to add value to these core assets. Klondike Silver is reviving the Gowganda and Elk Lake silver camps in Ontario, and the world-famous Klondike district of Yukon Territory. The Company owns a 100 TPD fully operational flotation mill in Sandon, BC, which is currently processing material from one of its Yukon properties and local mines in the historic Slocan Silver Camp. Klondike Silver is a member of the Hughes Exploration Group of Companies.  It is listed on the Toronto Venture Exchange under the symbol KS.V and Pinksheets under the symbol KLSVF.PK.

STRATEGY: The core assets of Klondike Silver --- a consolidated land package with ten historic mines and a 100-tonne-per-day mill in the prolific Slocan Mining Camp of BC --- were initially acquired by Klondike Gold, a member of the Hughes Exploration Group, during the industry downturn of the late 1990s and early 2000s.  Klondike Gold spun-off its silver holdings to Klondike Silver in order to create value for shareholders in 2005.

Klondike Silver has also assembled properties in other historic silver-producing districts. The Company's goal is to rehabilitate and restore the most prospective mines to production and use the cash flow generated to explore the silver districts using advanced exploration technologies.

PROJECTS

Yukon

Klondike Silver is exploring several silver or silver-rich polymetallic projects in the Yukon. The most advanced project is the Connaught (CN) Property within the Sixtymile Placer Gold Camp, 65 km west of Dawson City.

Timiskaming Region, Ontario

Klondike Silver holds seven properties in the Gowganda and Elk Lake silver camps, which were once the largest silver producing areas in Ontario after the Cobalt silver camp. These three camps together produced an estimated 600 million ounces of silver primarily from high-grade silver veins in rocks exposed at surface.

Mexico

Overview: Klondike Silver can earn 50% in each of six concessions from Kootenay Gold by spending a total of $6 million on exploration ($1 million on each concession) and issuing a total of 3.0 million shares (500,000 shares per concession). All of the prospects have received little or no exploration using modern techniques, with four of the properties showing evidence of historic exploration through small adits or pits. The Alaska North and Alaska South Concessions cover a total of 15,209.18 hectares situated about nine kilometers west of the famous silver-mining town of Alamos.

British Columbia

The Slocan Mining District has produced more than 24 million ounces of silver since the first discoveries in the late 1800s transformed this scenic wilderness into the silver-mining center of Western Canada. Klondike Silver is now the dominant land-holder and controls 75% of the camp. Along with the 100-tonne-per-day fully permitted flotation mill in historic Sandon, the Company owns the past-producing Silvana, Wonderful and Hinckley Mines, seven other dormant mines and extensive exploration properties. This land package has seen little modern exploration because of the previous fragmented ownership of the claims and the presence of overburden.

CORPORATE

SHARE STRUCTURE

S/O   71,854,654

Warrants

  3,815,000   $ 0.60 December 20, 2008

       70,000   $ 0.60 February 15, 2009

  3,500,000   $ 0.40/0.50 August 10, 2008/August 10, 2009

  5,178,301   $ 0.40/0.50 December 3, 2008/December 3, 2009

  3,510,000   $ 0.40/0.50 December 27, 2008/December 27, 2009

  4,083,333   $ 0.40/0.50 December 27, 2008/December 27, 2009

  6,115,000   $ 0.20 July 09, 2010

  4,650,000   $ 0.20/0.25 July 22, 2009/July 22, 2010

  7,105,000   $ 0.20/0.25 August 27, 2009/August 27, 2010

Options

Outstanding and exercisable at May 31, 2007      

                                               3,725,000           $0.48

Options exercised                  (109,500) $0.20

Options expired                         (6,000) $0.20

Options granted                    3,070,000 $0.28

Outstanding and exercisable at May 31, 2008      

                                                        6,679,500 $0.39

Options cancelled                        (20,000) $0.28

Outstanding and exercisable at August 31, 2008     

                                                           6,659,500 $0.39

FINANCIALS

As of March 31 2008:

Cash and cash equivalents                      $ 1,374,981

Loss Per Share – Basic and diluted $              (0.01)

News Releases 

http://www.klondikesilver.com/s/NewsReleases.asp

 Contact Info

http://www.klondikesilver.com/s/Contact.asp

 Quick Report

http://www.klondikesilver.com/s/QwikReport.asp

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written by Jeff Nielson, September 14, 2010

I know a certain "crazy prospector" who is VERY big on ATAC right now, so I'm intrigued about this one - given that I'm not currently holding any companies active up North.

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written by brian boutilier, September 14, 2010

Klondike has been propecting for ATAC at the Connaught property in the Yukon
They have had very good silver numbers so far:
http://www.klondikesilver.com/s/NewsReleases.asp?ReportID=418861&_Type=News-Releases&_Title=Klondike-Silver-Corp.-Discovers-Multiple-Gold-Zones-on-ATAC-Resources-Joint...
May want to take a look. They also have a small floatation mill to generate some cash flow. Small, but interesting all the same.

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