Klondike Silver – The Silvery Slocan May Rise Again (Geology For Investors – October 13, 2017)

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There is a thing about old mining camps. A certain resonance in the atmosphere. It comes from the hundreds or thousands that once toiled, in dark, dirty and dangerous conditions searching for fortune and fame.

Perhaps it’s the psychic energy of a million broken dreams or the electric shock when just 10 feet more breaks into a whole new vein or the whack of a hammer reveals a boulder of pure silver. Sandon, in the heart of what was known as the “Silvery Slocan” is one such place. Boulders of solid galena (lead sulfide) fell from the mountains, spawning the wildest city in BC, Canada and the beating heart of British Columbia’s last great mining rush.

So confident in their future that they boxed up the creek and put their main street on it, 100 years later it’s piles of rotting timber beside a very free running Carpenter creek. It’s easy to imagine that the mines are as dead as those long ago ghosts.

Great mines rarely stay dead though. They merely lie dormant waiting for the next economic cycle. At Sandon, production from the mines has occurred every decade since the 1890’s and there is still new ground to be developed. One such deposit known as the Silvana produced 242 tons of silver (with lead and zinc credits) from 1913 to 1993 at grades varying from 300 to 550 g/t silver (~10 to 15 oz per tonne).

Over the years Klondike Silver Corp (TSX-V:KS) has been slowly assembling all the old claims and crown grants into a large land package. Their ground covers 68 of the 173 past producing area mines which collectively produced 40.4 million ounces of silver. They also own the old Silvana mill which is currently on care and maintenance.

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