Klondike Silver Corp. reported on progress from its current underground drill program from workings at the Silvana Mine, targeting western extensions of the mine outside of the historic Silvana claim block that the Company owns in southeastern, British Columbia. Drill holes from this first phase of drilling were laid out to intersect, map and model the extensions of vein structures down dip of three mineralized lodes from surface on the Silvana Mine claims, with the intention of targeting silver, zinc and lead mineralization in the Company's next phase of drilling.

Five holes were drilled in a fan southerly from drill station 2. Four of the holes intersected the Main Vein structures that were projected downwards from the surface workings of the historic Jennie Lind-Read and evening Lode mines and one hole was ended short of the zone in a fault with a strong flow of water. Drilling is now oriented northerly from station 2 to intersect downward projections of the Carnation Hanging wall and Foot wall Lodes. Core logging is under way.

Intervals of core have been marked for sampling; these cores will be sawed lengthwise with one half bagged and sent to an independent lab for analyses, and one half retained for further inspection. Klondike's management and exploration teams are encouraged by the potential to find and develop a resource in the Main Vein structure between the Mammoth and Silvana mines in the Company's 1.5km Silvana Silver Mile zone, as combined past production of the Main Lode included 28 million oz silver, 209 million lbs zinc and 258 million lbs lead.