Klondike Silver Corp (KLSVF)

[Lebaneseproud]

With silver prices on the move, I suspect this can easily hit .10 or more short term if any kind of positive results are released from their silver properties.

[Lebaneseproud]

Klondike Silver Corp. Discovers Multiple Gold Zones on ATAC Resources Joint Venture
9/14/2010 9:05:34 AM - Market Wire

- DISCOVERY OF SIX NEW GOLD- SILVER VEINS BY PROSPECTING - GEOLOGICAL MAPPING REVEALS NEW CONTROLS ON MINERALIZATION - LOCATED AT NORTHWESTERN END OF WHITE GOLD DISTRICT

VANCOUVER, BRITISH COLUMBIA, Sep 14, 2010 (MARKETWIRE via COMTEX News Network) --
Klondike Silver Corp. (TSX VENTURE: KS) (the "Company") is pleased to announce that a significant exploration program has resulted in several new discoveries at its Connaught Project (50-50 Joint Venture with ATAC Resources Ltd.). The program expanded on the highly successful soil geochemical programs of the past three years, and followed up with mapping and prospecting in areas of multi-element anomalies.

The Connaught property lies in the headwaters of the 60 Mile placer gold district, within the Tintina Gold Belt, and at the northwestern end of the White Gold District. The Yukon has seen increasing interest as a gold exploration target in the past few years. Great success has been achieved by Kinross at their White Gold project, Kaminak at their Coffee project, and by ATAC Resources at their RAU gold project, along with many other high potential gold properties in the region.

"Klondike Silver continues to discover significant mineralization by prospecting. These new zones warrant further exploration by mechanized trenching and diamond drilling. We are optimistic in the potential for both gold and silver," commented Company President, Richard Hughes.

Camp Area: Three veins have been discovered in the area of the exploration camp and across the intrusive body to the southeast. The "Kitchen Vein" is exposed beneath the camp kitchen, and extends for at least 80m in float. The best results from four samples were 1.08 g/t gold and 783 g/t silver. The "69-2 Vein" is exposed about 300m to the southeast of the Kitchen in a 1969 era bulldozer trench that was not previously sampled, and returned 3.00 g/t gold and 1660 g/t silver. A similar undocumented trench located a further 500m southeast contains the "69-3 Vein", which was discovered in 2009 and returned 4.13 g/t gold and 406 g/t silver (reported previously in Klondike Silver news release dated October 30, 2009). These three veins lie within a robust multi-element soil anomaly that measures roughly 600m by 1100m, and lies at the west end of the intrusive trend, adjacent to a regional scale normal fault.

Cross Fault Area: A second area of newly discovered mineralization lies in the central part of the property, in the vicinity of a newly mapped north-south trending cross fault that displaces the intrusive body and appears to control the location of a zone of intense hornfels alteration that forms a prominent ridge to the north of the intrusion. Gold in soil values are elevated in this area, and three new veins were discovered here in 2010. One vein (not named yet) returned 1.2 g/t gold and 528 g/t silver from a single cobble in an anomalous soil geochemical sample pit in an area near the cross fault. "Sandro's Vein" is located about 1000m southwest in a previously undocumented 1969 era bulldozer trench, and returned 5.77 g/t gold and 70.7 g/t silver. The "Woodpecker Vein" is located about 350m south of Sandro's, and returned 2.52 g/t gold and 343 g/t silver from a single boulder in an area with almost no rock exposure. The Woodpecker is the first vein discovered on the south side of the intrusion, which expands the area of high potential on the property.

Ridge Junction Area: A new vein was discovered in another 1969 era bulldozer trench southwest of the main road junction. This vein returned 0.915 g/t gold and 182 g/t silver from vein material in the trench. Mineralized pebbles 50m to the southwest of the trench returned 1.825 g/t gold and 111 g/t silver.

Skarn Zones: Several bands of marble, locally altered to skarn are present on east side of the property. Initial mapping and sampling of these zones in 2010 has returned values up to 0.386 g/t gold, 16.5 g/t silver and 7.24% zinc. This target warrants further investigation by mapping, prospecting and soil geochemistry.

Mineralization at Connaught is intrusion related, with narrow polymetallic veins discovered over an area of 11km by 4km. Late Cretaceous age granitic intrusions are present on the property, with metamorphic country rocks of the Yukon Tanana terrane. Hornfels and skarn zones present on the property may hold potential for bulk tonnage gold deposits. The project area has not been subject to glaciation, and therefore soils and rocks are thought to be locally derived. Prospecting on the south side of the property was enhanced by an intense forest fire in 2009 that removed moss and lichen from rocks. The 1969 exploration in the area was focused on lead-rich silver veins suitable for direct shipping to smelters, and on porphyry copper-molybdenum. The silver- quartz veins discovered in that era were not considered to be significant.

The Qualified Person for the purpose of National Instrument 43-101 is William Mann, P.Geo., who has read and agreed with the technical information in this news release.

About the Connaught Property:

Exploration at the Connaught Property has now revealed silver, gold and lead mineralization in 20 veins over an area measuring roughly 11 kilometres by 4 kilometres. Porphyry and skarn mineralization is also present in the area.

About Klondike Silver:

Klondike Silver is a member of the Hughes Exploration Group of Companies and is led by a team with an excellent track record of discovery and development in Canada.

Klondike Silver Corp. has assembled a quality 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 processes material from local mines in the historic Slocan Silver Camp.

Visit Klondike Silver's web-site: www.klondikesilver.com to see Smartstox interviews with Company President, Richard Hughes.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy or contents of this news release.

Contacts: Corporate Inquiries: Klondike Silver Corp. Kevin Hull or Alan Campbell (604)-685-2222 [e-mail] www.klondikesilver.com

SOURCE: Klondike Silver Corp.

mailto:[e-mail] http://www.klondikesilver.com

[Lebaneseproud]

Klondike Silver (V.KS , KLSVF) on the move. Been moving up nicely of late for two reasons. Silver prices have been moving higher and there is a mining boom going on in the Yukon where KLSVF has holdings. My fingers are crossed and hoping this is the beginning of what could be a major move up.

[kiwisteve]

Whats this?

May 07, 2010 - JOINT VENTURE - ESPIRITU- Klondike Silver and Kootenay Gold Report on 2135m in ten holes at Espiritu Porphyry Prospect, Sonora, Mexico
http://www.kootenaygold.ca/s/NewsReleases.asp?ReportID=399480&_Type=News-Releases&_Title=htmlFONT-COLOR0066CCbJOINT-VENTURE-bfonthtmlESPIRITU-Klondike-Silver-and-Ko...

[QbutnoA]

KS spent $ 7.0 million the last 12 months. Can someone on this board explain and itemize the expenses on what approx. $6.0 million on financings plus $ 1,050,000 proceeds (NR Oct.21.) were spent on?

[Lebaneseproud]

Most of the success stories in the resource sector take years to develop and along with that come stagnant price which flushes out the impatient. But then suddenly if the company is legit, has good property and follows its plan, it can gain 10 years worth of profit instantly.

Im a silver bull and this company is sitting on a lot of silver and will uncover even more imho. I think silver prices are going far higher in the years ahead. Some people are whining about why this company has been raising money and diluting. Well, if the stock markets and world markets crash or suffer as many predict, Klondike Silver is going to look awfully smart having successfully raised as much money as possible now because when markets falter, raising money is going to prove very difficult.
Im content to hold. I see a big spike in Klondike Silver's future and silver in general. Im not deterred in the least just because we didnt see a pop so far this year.

[OldPro]

Lebaneseproud - believe good things...

in store here... so I agree with you and am patient to hold. Other stocks out there for sure - but this one has the potential to be a home run if/when things "pan" out. Everyone should have a home run potential stock in their portfolio IMO.

[opzeeland]

KS: I watched this stock for about 3/4 year, as the information sounded promising.

However, I sold my shares a few months ago at around 6 cents:

If you look into the historical NR's, you keep on reading the same excitement already for years.
This year the same: expectations where to hit motherlode in Q1 2010, but still no sign of it yet.

I think the share price tells it all.
I guess I would sell out if I wouldnt have done it yet, and then buy into an other bargain company with which I can more than recover my loss while I still can.

If you still doubt:
Look at the Nr's and Shareprice during the last years for Klondike Gold: same story

[Lebaneseproud]

This news is what I expected and I expect it to get better. This company is sitting on a fortune in silver. I think dilution worries will dissipate in the future as folks begin to realize the vast and exceptional silver properties Klondike Silver(KLSVF) has amassed. An absolute steal at these levels as far as Im concerned.

[kiwisteve]

Klondike Silver Corp. Discovers Mineralization Within 20 Foot Intersection of Silvana Main Lode Structure

- Latest Hole, K-1118, has higher carbonate-vein fragment content than all previous holes as well as trace amounts of Zinc and Lead Sulphides

- Lode Structure Intersections Increase in Width between Holes K-1117 and K-1118

- K-1119 will be drilled from Drill Station #3, 100 meters to the west and is expected to begin on June 3rd, 2010

- Company Geologists now Know Strike, Dip, and Thickness (3 points of intersection) of the Lode Structure

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 3, 2010) - Klondike Silver Corp. (TSX VENTURE:KS) (the "Company") is pleased to announce results from its ongoing underground drill program at its Silvana Mine in Sandon, BC.

Hole K-1117 was completed in early May from Drill Station #2 and intersected a true width of 20 feet of lode structure. Company geologists found sporadic intersections of quartz carbonate-vein fragments within the core.

Hole K-1118 was completed on May 31st, also from Drill Station #2, and the true width of the lode structure intersection exceeds that of hole K-1117. The geologists are also seeing much more quartz carbonate-vein fragmental content in the core of K-1118 than they did in the core of hole K-1117.

Completion of drill holes K-1117 & K-1118 at the west end of the 4625 level of the Silvana silver-lead-zinc mine, brings the company further into the 7,000 foot long segment of unexplored and highly prospective ground west of the Main Lode structure of the Silvana Mine.

To view a map of the Slocan Silver Camp highlighting recent work done by the Company click on the following link:

http://www.brmstatpack.com/lt/1001/1133/slocan-map

Steve Phillips, Klondike Silver's mine manager, commented 'in my experience these intersected thicknesses constitute very significant widths of lode structure'. Steve Phillips has 42 years mining-geology experience, including 17 years in the Slocan Camp mostly at the Silvana Mine, 6 of which were as Mine manager, chief geologist, geologist and consultant.

Company President, Richard Hughes, made the following comments in the Company's August 27, 2009 press release upon the initial discovery of what is believed to be an extension of the Main Lode structure, responsible for the majority of mineralization and production within the Silvana Silver Camp. "We have two goals in the current underground exploration program; first to identify the presence of the lode structure within the prospective horizon, and second to locate any ore-bearing chutes within the structure. The discovery of lode structure this early in the initial phase of exploration is exciting as we are just at the start of our target area. This 1.5 km area between the Mammoth and Silvana mines has never been tested before although it was slated for exploration before the mine shut down in the early 1990s as a result of low metal prices. Drilling will now focus on testing the newly discovered structure for the presence of ore-bearing chutes as well as further delineating its extent."

The recent intersection has demonstrated that the structure which the Company is currently exploring has the potential to host lead-zinc-silver mineralization. The target zone is a 1.5 km long section of the Main Lode structure that has never been tested before. The Main Lode structure is more than 8 kilometers long, extending east from Silverton on Slocan Lake to Sandon through the "Silver Ridge" of the Selkirk Mountains some 50 kilometers north of Nelson, B.C.

The Company holds the ground for approximately 1.5 km between the Silvana and the Mammoth Mine. This program represents the first attempt since the early 1990s to explore west towards the Mammoth, Standard and the other major "Main Lode" producers.

Company geologists are also pleased that they now have 3 points of intersection for the lode structure and are moving the drill for hole K-1119. Hole K-1119 will be drilled from Drill Station #3, 100 meters to the west of Drill Station #2, and is expected to begin on June 3rd.

The Qualified Person for the purpose of National Instrument 43-101 is Ed Craft, PEng, who has read and agreed with the technical information in this news release.

About Klondike Silver:

Klondike Silver is a member of the Hughes Exploration Group of Companies and is led by a team with an excellent track record of discovery and development in Canada.

Klondike Silver Corp. has assembled a quality 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 local mines in the historic Slocan Silver Camp.

Or visit Klondike Silver's web-site: www.klondikesilver.com to see Smartstox interviews with Company President, Richard Hughes.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy or contents of this news release.

For more information, please contact
Corporate Inquiries:
Klondike Silver Corp.
Kevin Hull
(604)-685-2222
or
Klondike Silver Corp.
Alan Campbell
(604)-685-2222
[e-mail]
www.klondikesilver.com

[Leafs007]

no need to reply...found it, saw it. Mr. Hughes, though old, sounds like a very sharp man...

[Leafs007]

I noticed that the volume has declined tremendously from Oct/Nov 2009 about 3M to only 200 - 300K in recent days. Do you know the recent for such dramatic decline?

tia

[Leafs007]

just beginning to do DD on this company my self...do you know what the current float is? i know that o/s ia about 186M...

thanks.

[Leafs007]

thanks...where can I get see this interview? you got the link?

tia

[kiwisteve]

Klondike Silver Corp. Commences 2010 Gold and Silver Exploration Program at Connaught JV Project



- FOLLOW UP ON THREE NEW DISCOVERY AREAS INCLUDING PREVIOUS GOLD SAMPLES UP TO 4.13 G/T (KS NEWS RELEASE OCTOBER 30, 2009)

- EXTEND SOIL GEOCHEMICAL COVERAGE TO ENTIRE PROPERTY

- EMPHASIZE GOLD TARGETS IN ADDITION TO KNOWN HIGH GRADE SILVER ZONES FROM WHICH AN HISTORIC SHIPMENT REPORTEDLY AVERAGED 2228.5 G/T (65 OPT) SILVER, 60% LEAD AND 1 G/T GOLD

- INVESTIGATE POTENTIAL FOR "WHITE GOLD" TYPE MINERALIZATION

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2010) - Klondike Silver Corp. (TSX VENTURE:KS) (the "Company") is pleased to announce a significant exploration program has commenced at its Connaught Project (50-50 Joint Venture with ATAC Resources Ltd.). The program will continue to expand on the highly successful soil geochemical programs of the past three years, as well as follow up with prospecting and hand trenching in areas of multi-element anomalies. Emphasis in 2010 will give equal weight to gold in addition to silver, which has been the main focus of recent programs. The gold potential of the property has been known for some time, however, the very high grade silver- lead veins have seen the greatest exploration effort.

The Connaught property lies in the headwaters of the 60 Mile placer gold district, within the Tintina Gold Belt, and at the northwestern end of the White Gold District. The Yukon has seen increasing interest as a gold exploration target in the past few years. Great success has been achieved by Underworld Resources at their White Gold project, and by ATAC Resources at their RAU gold project, along with many other high potential gold properties in the region.

"Klondike Silver believes the project may have significant untested gold potential in addition to further high grade silver veins. The Connaught is a large well mineralized property that continues to deliver new discoveries by prospecting and soil geochemistry," commented Company President, Richard Hughes.

Mineralization at Connaught is intrusion related, with 14 narrow polymetallic veins discovered to date over an area of 11km by 4km. Late Cretaceous age granitic intrusions are present on the property, with metamorphic country rocks of the Yukon Tanana terrane. Hornfels and skarn zones present on the property may hold potential for bulk tonnage gold deposits. A thrust fault mapped on the property should also be investigated for enhanced gold values in a geological setting similar to the "White Gold" property, now owned by Kinross Gold.

The Qualified Person for the purpose of National Instrument 43-101 is William Mann, P.Geo., who has read and agreed with the technical information in this news release.

The Company is also pleased to announce that it has arranged for a private placement of up to 15,000,000 units for total proceeds of up to $750,000. The financing will consist of flow through and non-flow through units priced at $0.05 per unit. Each flow through unit will consist of one flow through common share and non-flow through share purchase warrant entitling the holder to purchase one additional common share for two years at a price of $0.10 per share. Each non-flow through unit will consist of one non-flow through common share and one non-flow through share purchase warrant entitling the holder to purchase one additional common share at the price of $0.10 per share in the years 1&2, $0.15 per share in year 3 and $0.20 per share in years 4&5. In accordance with Exchange policies, finders' fees may be paid on the funds raised. The private placement is subject to regulatory approval and the proceeds will be used for exploration programs and general working capital.

About the Connaught Property:

Previous exploration at the Connaught Property revealed silver, gold and lead mineralization in 14 veins over an area measuring roughly 11 kilometres by 4 kilometres. Porphyry and skarn mineralization is also present in the area.

About Klondike Silver:

Klondike Silver is a member of the Hughes Exploration Group of Companies and is led by a team with an excellent track record of discovery and development in Canada.

Klondike Silver Corp. has assembled a quality 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 local mines in the historic Slocan Silver Camp.

Or visit Klondike Silver's web-site: www.klondikesilver.com to see Smartstox interviews with Company President, Richard Hughes.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy or contents of this news release.

http://www.marketwire.com/press-release/Klondike-Silver-Corp-Commences-2010-Gold-Silver-Exploration-Program-Connaught-JV-Project-TSX-VENTURE-KS-1269198.htm

For more information, please contact
Corporate Inquiries:
Klondike Silver Corp.
Kevin Hull
(604)-685-2222
or
Klondike Silver Corp.
Alan Campbell
(604)-685-2222
[e-mail]

[kiwisteve]

Klondike Silver Corp. Commences 2010 Spring/Summer Regional Exploration Program in Silvana Silver Camp



- First Phase of Exploration to Focus on Existing High-Grade Targets, Including McLanders Vein, Which Is Unusually Silver Rich, With Grab Samples Assaying Up to 197 oz/ton Silver

- Second Phase to Expand on Anomalies Discovered During 2009 Soil Sampling and VLF Surveys as Well as Test for Extensions on Several Historic Zones

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 26, 2010) - Klondike Silver Corp. (the "Company") (TSX VENTURE:KS) is pleased to announce it has commenced an aggressive regional exploration program in the Slocan Silver Camp for the spring/summer exploration season. Underground work at the Silvana mine is ongoing and the Company expects to provide an underground exploration update in the near future.

"The Company expects compilation work completed over the winter to greatly assist in defining and expanding exploration targets throughout the Slocan during the course of the 2010 program," commented Company President, Richard Hughes. "The experience and local knowledge present in our exploration team is expected to greatly enhance the effectiveness and efficiency of this year's program."

Regional Program Highlights:

* Surface work to advance exploration begun last year on numerous properties in the Slocan Silver camp.

* Geotronics Consulting Inc. has been contracted to undertake an IP geophysical survey on several of these properties, starting immediately.

* The survey will be done in conjunction with a ground VLF-EM and magnetometer survey, in an attempt to discover extensions of known mineralization and/or to test geochemical anomalies

* First phase of exploration will target the McLanders vein on the Wonderful property, which was both drilled and trenched in 2005. The McLanders vein is unusually silver rich, with grab samples assaying up to 197 oz/ton silver.

* Second phase of exploration will focus on other properties including testing for an the western extension of the Violamac and Hinckley deposits, the western and eastern extensions of the Hewitt-Van Roi vein system, and the eastern extension of the Richmond-Eureka in the Cody Creek drainage basin

* Exploration during the 2010 season will include more detailed geochemical surveys, particularly in areas where 2009 surveys indicated broad silver-lead soil anomalies.

* Trenching, begun late in the 2009 season, will continue to test coincident geochemical and geophysical anomalies.

The Qualified Person for the purpose of National Instrument 43-101 is Trygve Höy, PEng, PhD who has read and agreed with the technical information in this news release.

About Klondike Silver:

Klondike Silver is a member of the Hughes Exploration Group of Companies and is led by a team with an excellent track record of discovery and development in Canada.

Klondike Silver Corp. has assembled a quality 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 local mines in the historic Slocan Silver Camp.

Visit Klondike Silver's web-site: www.klondikesilver.com to see Smartstox interviews with Company President, Richard Hughes.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy or contents of this news release.

For more information, please contact
Corporate Inquiries:
Klondike Silver Corp.
Kevin Hull or Alan Campbell
[phone]
[phone] (FAX)
[e-mail]
www.klondikesilver.com
or
AGORACOM Investor Relations
[e-mail]
www.agoracom.com/ir/KlondikeSilver

http://www.marketwire.com/press-release/Klondike-Silver-Corp-Commences-2010-Spring-Summer-Regional-Exploration-Program-Silvana-TSX-VENTURE-KS-1266734.htm








.

[OldPro]

been a long time with no news...

hence the dwindling stock price. Need a detailed status update with some drill results and an announcement of when actual production will begin. Anyone reached out to the company lately?

Would be a great time for some News.

[opzeeland]

Just playing the devil's advocate here:

I have been checking out some reviews from a few years ago, also on Klondike Gold.

For both companies the reviews sounded very promising, however both companies are still merely in the exploration phase and, more importantly, diluting.

What makes you guys think that KS will be able to have set out a decent path to production on short term and stop diluting on medium term (say within 1 to 1,5 years)?

[opzeeland]

Hi all, nice board you have here! Have reading quite some posts with large interest.

I established a position in KS about 6 months ago as I liked the company and its outlook.

I am not very actively following the company, but expected some drilling news around this time.

Would you know whether there are any updates regarding the drilling progress?

According to the stock quietness in the current period , I would expect the mother load which had been hoped for , is not there (as they should have discovered it by now)?

[kiwisteve]

WELCOME rappy37 to Klondike Silver, and also to i hub! I see your Alias was born Sunday, March 14, 2010! Thanks for the encouragement regarding KS, it is my hope that owning shares in some of these small and well managed silver explorers/producers will pay off in multiplications of original investment. These shares are savings invested, in the hope of future returns far in excess of the rate of inflation which I and the faithful here believe could be well out of control within the next 5 years.

Kiwi

[rappy37]

Hello to all... Great board! I have owned physical silver and shares of KS for a few years. The CFTC is meeting on the 25th of march to discuss futures trading limits in the metals. Ted Butler has been on there case for years and the heat is on high... Keep watch on this... Would be nice to hit the Silver lode in slocan and the Gold/Copper lode in Espiritu right at Gold 1500.00 and Silver 35.00. Everything is timing... Keep the faith...

rappy +++

[Mr. Zen]

Looks Like the Espiritu results will be out in about two weeks, that should move things, they should be good ones.

[miningstocksguy]

Smartstox Update on Klondike Silver 3/10/10. Hello everyone. Below is the link for an interview with Klondike Silver (not Richard Hughes) that gives an update on Slocan, Espiritu, and their other properties. Things are moving along, just a little slowly. I am confident that our waiting will eventually be rewarded.

http://www.smartstox.com/interviews/ks/

[miningstocksguy]

Great to hear you are hanging in there! I ended up with over 176,000 shares. Wish I had some money left to but some more, especially at the prices this week. Below six cents is a bargain. There is a Smartstox interview with Klondike on 3/10 that I will post. He gives a good update where things are. They are coming along slowly but surely. I am still very confident!

[sumisu]

miningstockguy, bought 50,000 shares at 6.36 cents. I too look forward to news at Slocan and Espiritu!

sumi

[miningstocksguy]

I am with you Lebaneseproud! The waiting is hard but I am sure it will be well worth it. I held on to Polymet Mining for years before it took off, so I know you have to be patient. But I have to admit I can't wait to hear the news at Slocan and Espiritu! We should hear something in the next month or so at the latest.

[Lebaneseproud]

Been adding more. Im super confident about this one.

[miningstocksguy]

Thanks for the insight Doubloon! That explains the delay. Hopefully they will get a little drilling in once the games are over!

[Mr. Zen]

miningstocksguy, thanks for that update, I have had calls in, (I like to phone talk), I get more out of them usually however no returned calls for two weeks

Those slugs are at the olympics, I just know it, all cheering and full of hot rum toddies while we sit here scratching our heads, seems to be happening all over Vancouver these days.

[miningstocksguy]

Update from Kevin Hull on Klondike - Hang In There! I recently emailed Klondike and asked for an update on the drilling projects at Slocan and at Espiritu. Kevin Hull was kind enough to reply. Below is the update he provided:

Bill thanks for taking the time to write, it is always good to ask rather than speculate.

I find generally that one of the hardest aspects for the average investor to understand regarding the exploration industry is the time it takes for things to happen. The industry is a combination of very exacting science and very variable human and weather factors.

The Slocan drilling on the Silvana extension into the Lode Structure is proceeding well but the whole project ran into mechanical and logistical snags right off the bat and so the drilling was delayed for a few weeks.

With that in consideration the program is not due to finish up until mid March at the earliest. That would push assay results off to April at the earliest.

Regarding Espiritu we have not received anything from our active partner,Kootenay Gold, on the drill program. I do know that the company is adamant on how they handle news releases on their projects. They finish all the holes, then examine the core and take samples for assay, then compile the results as they are received from the lab, and finally analyze the results and write the news release. All of these steps take time and the best we
can do is give our best guess at how long it might take and simply be patient while the work is done.

We may yet have news out on the Espiritu in time for the PDAC beginning on March 7th, but all we can do is wait while the guys are doing their jobs.

Thanks for the work you do on the discussion board! Hang in there.

Best regards,

Kevin Hull
Investor Relations
Hughes Exploration Group
#711 - 675 West Hastings Street
Vancouver, B.C. V6B 1N2
Telephone: [phone]
Facsimile: 604-685-3764
<e-mail: [e-mail]> E-mail:
[e-mail]

[miningstocksguy]

I sure hope the dirt is shiny! Nice to hear from you guys. It is tough waiting for the news, but hopefully the wait will be more than worthwhile at Slocan and Espiritu. It seems that many are giving up on junior mining stocks. I see this as a great buying opportunity - I wish I had more to invest in Klondike!

[westeffer]

Chuckle..."holy moly we got us shiny dirt" .... ok my friend....sounds super to me.

Don't forget "Mehico" Esprite drilling.

[Mr. Zen]

lets see, dig a hole inside a mountain, set up the drill, drill a hole straight ahead of you, check the core... holy moly we got us shiny dirt.

this message is just to keep up my monthly commitment as a moderator on this board and nothing else, soon we should see the drill results from the end of the drift

stay tuned.

[jsc52033]

use KS.V

[duelittle2]

Made a request to Stockcharts for KLSVF.pk ..fwiw

[kiwisteve]

I share your enthusiasm miningstocksguy!

Espiritu, Mexico - Joint Venture

(copied from from Stockhouse Alert 1/7/2010)

Kootenay Drill Programs - Expected to Add Significant Shareholder Value in 2010

The Espiritu is an exciting project that has the potential to be a 'Company Maker'. It has the text book characteristics of a large scale porphyry system. Erosion of the Leach Cap has exposed the enriched Supergene of a Gold Copper system. Mineralization and alterations are hosted along a 5km east northeast trending structure that measures between 1 and 2km in width. Two hundred and sixty-one samples have been collected, with 169 from the northwest porphyry setting. This drill phase is the first look at the system to determine grade and width potential of the supergene and hypogene mineralization (see News Release dated Dec 03, 2009).

kiwi

[miningstocksguy]

Good to hear from you Sumisu! The Espiritu drilling results should come out in the first quarter since they started drilling in early December - I can hardly wait! I have maxed out my position in Klondike too and now will wait things out. Wish I had the money to buy more shares! Did you see the volume on Klondike Silver on the TSX today? About 2 1/2 million shares. Someone is doing a lot of buying. I just can't imagine who would want to sell right now.

[sumisu]

Thanks for sharing; very exciting news in Mexico.

My position is set; will just rest patiently for future developments.

sumi

[miningstocksguy]

Kootenay Gold is Accelerating Drilling at Espiritu - from Kootenay announcement on January 6, 2010:

Kootenay Drill Programs Expected to Add Significant Shareholder Value in 2010

VANCOUVER, Jan. 6 /CNW/ - Kootenay Gold Inc. ("Kootenay") (KTN: TSX.V) is pleased to announce exploration has accelerated on its gold and silver properties. Seven drill programs in Mexico and Canada provide multiple opportunities for discovery and added shareholder value in 2010. During the first two quarters of 2010, drill results are expected for the following properties:


- Espiritu, Mexico Drilling Underway

Espiritu, Mexico - Joint Venture with Klondike Silver

The Espiritu is an exciting project that has the potential to be a 'Company Maker'. It has the text book characteristics of a large scale porphyry system. Erosion of the Leach Cap has exposed the enriched Supergene of a Gold Copper system. Mineralization and alterations are hosted along a 5km east northeast trending structure that measures between 1 and 2km in width. Two hundred and sixty-one samples have been collected, with 169 from the northwest porphyry setting. This drill phase is the first look at the system to determine grade and width potential of the supergene and hypogene mineralization (see News Release dated Dec 03, 2009).

[jsc52033]

Doesn't Huges have a history of selling these discoveries?

[miningstocksguy]

I sure hope they do not get bought out, because I think we would end up getting a much better share price if Klondike is able to bring all the promising properties into production. But if they do get bought out I know Klondike will make sure the shareholders get a good price. As far as news goes, I expect we will be getting drilling results well before the quarterly earnings report. Klondike is drilling away in the Slocan and on the Espiritu property in Mexico. Espiritu could be, in the words of Richard Hughes and the president of Kootenay Gold, a "company maker" all by itself. Of course I am hoping that they will find the mother lode in Slocan, hit a company maker in Mexico, and have great results from Gowgonda and the Cleaver Central property! The next three to six months should be exciting!

[Lebaneseproud]

I suspect Klondike Silver (KLSVF, v.KS) will report profits from production sometime this year. Once they start showing profitable silver production, you can bet some of the larger Silver players like Pan American, Silver Wheaton, Silver Std. and others may try and buy them out. I think Klondike can thrive on its own but I believe some of these players will become very interested. Either way I think 2010 will be a great year for Klondike.

[Mr. Zen]

They could expand the present mill by adding another ball mill, a ball mill is like a marble in a bowl that crushes sugar, only the ball mill they are talking about the ball weighs several tons and is in a large iron kettle and the rock gets crushed to a fine powder to go through the solutions..

First though they have to define the reserves and then start production. Because they are not new at this game they are taking their time rather than rushing into production, which means investors have to wait an extra month or two, but that is ok, it will be here in 5 years still producing silver

[miningstocksguy]

Doubloon - that is interesting. Perhaps they will need to expand the existing mill and add another one. If they hit the mother lode at Slocan they may need two mills! I am sure that in the interview I watched Mr. Hughes was referring to expanding the existing mill. Could be they are just looking at two different options - or considering both.

[miningstocksguy]

Hello Lebaneseproud,

I completely agree - the next few months should be very exciting for this stock. On the Smartstox interview with Richard Hughes back in September, he said there will be a lot of news coming out soon on all of their projects. There is the potential to have 2 or 3 of the current projects turn out to be company makers, especially Slocan and the Espiritu projects. Mr. Hughes also was very excited about the news coming out at Gowganda - very encouraging early results. Lots of drilling is going on now so we may hear some great news soon. The risk for this stock will in reality mostly be removed once the mill is running at 100% and they show good earnings. There is no way this stock will stay at 7 cents much longer!

[Lebaneseproud]

Appreciate the insight minigstockguy. With the quality and potential of the silver projects along with the mill in place and the gold kicker in Mexico to boot, we have a rare oppurtunity here and im not phased at all by the dilution at this time as all of the projects have HUGE potential and the quality of management is outstanding. This stock can trade many multiples higher if they come through on just one project. We have a rare oppurtunity to pick up a lot of shares at these low levels but we are taking the risk so we deserve this low price we are paying. As things firm up here , I believe many others will join us here at the party at much higher prices. I believe the next 3 to 6 months will unveil a much further advanced company which will result in an advanced share price.

[Mr. Zen]

miningguy, there is a rumor they are out looking at another ball mill, but the company has not made any announcments yet so it should be considered a rumor.

[miningstocksguy]

Increasing the Mill capacity: Hello Doubloon and everyone,

I was reading through the past comments on the forum, particularly about outgrowing the current 100 tons per day mill. I just re-watched the Smartstox interview with Richard Hughes from September 2009 and in the interview he says that they can expand the mill to 250 tons per day for a cost of only about $250,000. So with the good revenue they will realize from processing at the mill they can easily more than double capacity. Just thought I would pass this on!

[miningstocksguy]

Hello donleo, doubloon, and everyone,

I found this post on the Agoracom website on their Klondike Silver discussion forum. It was posted by "Goldboy" on December 21. Thought you all might find it interesting to hear from a shareholder that recently had a first hand look at the Slocan property and mill:

"I have been to the field, spent hours with the on site management, studied the site maps of the tunnels, the lodes, and the history of the area. KS has now found the treasure box in which the silver ore is formed. The drilling will prove not only the size, but the grade and extent. The Slocan is the site of some of the richest silver-lead-zinc deposits on the planet. We are fortunate that Richard Hughes has the foresight to have taken control of a maximum amount of promising property. We are so fortunate as stockholders to have people on site in the Slocan who know these mountains like the back of their hands.

I have in my possession samples of ore the size of a softball which takes two hands to lift. Rich stuff. The mill is in great shape and fully functional. There is not a strike in a thousand which has a mill on site, a crew as experienced and as much rich treasure to mine. We are a very fortunate to have all the ducks in a row and a company which holds the welfare of the shareholders in such high esteem."

[donleo]

Doubloon, thanks for this information.

I absolutely agree with you that dillution is a necessary disadvantage while being in the current heavy drilling stage.

As long as dillution is not extraordinary, I do not see a problem either. When I have a bit more time, I will go through the amount of dillution during the recent past.

Without doubt, Mr Hughes seems like a guy you would want leading this company.
I agree the upward potential could be enormous.
Although still in exploration status, I'm curious why the company is still so lowely valued.
I trying to find out if there's is a reason for this, besides (relatively) unknown/exploration status.