Vancouver, British Columbia, November 5, 2008 - The Smartstox Online TV Talk Show is alerting its subscribers and other resource stock investors to developments made by Klondike Silver Corp. (TSX-V: KS) (PINKSHEETS: KLSVF) in both its silver production and exploration programs.
Klondike Silver announced late last week that they have hired a new mine manager for its operations at Sandon, BC. Stephen Phillips brings with him an extensive and diverse mining experience and expertise by way of his involvement in the industry for the past 42 years as mine manager, chief geologist, geologist and consultant.
KS holds more than 10,000 hectares in the 'Silvery Slocan' district of southeastern BC that includes numerous past-producing mines and a fully permitted and operating 100 ton per day mill. Mr. Phillips has an extensive familiarity with the mill complex and the area's mineral history and its potential through working for earlier operators in the region from the late 1970s to early 1990s in positions of chief geologist, Superintendent and Mine Manager.
The mill has been busy processing some 1500 tons of bulk sample material from the galena-rich lenses of Klondike Silver's Stump property in the Yukon. Eighty tons of the material shipped last year from the Stump property for processing at Sandon graded 40% lead and over 40 oz. silver per ton.
Looking ahead, the mill will be kept busy processing ore from the company's Wonderful and Silvana mines, and Klondike Silver has been successful in their regional exploration programs over the summer, adding new zones that could contribute additional mineralization and potential production.
The production capability of Klondike Silver is promising given that silver appears to have bounced off a market bottom and is now trading just above $10USD/oz. With the current low prices for all base metals, some analysts, David Morgan among them, are predicting a decline in silver production. Most silver is produced as a by-product of copper, lead and zinc mining, and as many producers of those commodities slow down, or shutter, their operations, the production of silver is going to be reduced.
In our last Smartstox interview with Richard Hughes, president of Klondike Silver, he tells us about the company's pipeline of projects in the Yukon, BC, Ontario and Mexico. The interview is available at http://www.smartstox.com/interviews/ks.php.
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