SOURCE: Klondike Silver Corp.

November 16, 2007 23:57 ET

Major Ontario Exploration Program Commenced

VANCOUVER, BC--(Marketwire - November 16, 2007) - Klondike Silver Corp. (TSX-V: KS) is pleased to announce that it has commenced a major exploration program in and around the Gowganda and Elk Lake Silver Camp areas of Ontario. The Gowganda and Elk Lake silver camps were the largest silver producing areas in Ontario outside of the Cobalt Silver Camp. The three camps collectively produced more than 400 million ounces of silver.

Discoveries and mining within the silver camps largely occurred in areas where rock is exposed and prospectors could more easily discover the high grade silver veins. Klondike Silver will use new state-of-the-art technologies to help map out the geology, structures and potential silver-rich veins beneath areas covered with glacial till and overburden.

Geotech has been contracted to fly more than 10,000 km of airborne geophysical surveys over areas that are largely overburden covered. More than 7,000 soil samples are planned to be collected over selected areas. These soil samples will be analyzed by the Mobile Metal Ion (MMI) and/or geochemical techniques depending on the type of soil conditions. These new techniques can see deeper into the earth with greater accuracy and control for follow-up drilling or trenching.

Klondike Silver has also commenced drilling to test beneath and on strike with historical workings, some of which have not been active since the 1940s. More than 4000 m of drilling is planned to be carried out over the coming months with the use of three diamond drills.

On behalf of the Board of Directors
KLONDIKE SILVER CORP.

"Richard W. Hughes" (signed)
President

Visit the Company's website: www.klondikesilver.com to see the Smartstox Report in which Stanlie Hunt interviews Klondike Silver Corp. President Richard Hughes.

This document contains certain forward-looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.

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

Contact Information

  • For Further Information Contact:
    The Hughes Exploration Group
    #711-675 WEST HASTINGS STREET
    VANCOUVER, B.C. CANADA V6B 1N2
    TELEPHONE: 604-685-2222
    FAX: 604-685-3764